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Tuesday, December 31, 2019

Happy New Year's Eve -- December 31, 2019

Ten cities: jobs and growth -- from CNBC --
10. Round Rock, TX (Austin, "silicon alley")
9. North Charleston, SC
8. Charleston, SC
7. Denver, CO
6. New Bruanfesl, TX (gateway to San Antonio)
5. Greeley, CO
4. Miami, FL
3. Mount Pleasant, SC
2. Denton, TX
1. Longmont, CO
Observations from the list above:
  • South Carolina: three
  • Texas: three, including #2
  • Colorado: three, including #1
  • Florida: the one outlier
Denton: just north of where we live; the population center of the DFW metroplex is predicted to move to this area -- pretty amazing.

Denton is just northeast of the Fort Worth Alliance Airport --  
HQ2? Who needs it? From Zack's: Amazon to open regional air hub in North Texas, create jobs. From December 13, 2018:
In a bid to strengthen its delivery services, Amazon.com, Inc.,plans to open a regional air hub at the Fort Worth Alliance Airport, which is expected to commence its operations from 2019. This new air hub is also expected to create multiple job opportunities for North Texas residents. Fort Worth Alliance Airport is west of Grapevine, well north of Fort Worth, off I-35W, south of the Texas Motor Speedway and south of  ... yes ... Buc-ee's!
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Back to the Bakken

Active rigs:

$61.2012/31/201912/31/201812/31/201712/31/201612/31/2015
Active Rigs5567493961

No wells coming off confidential list today.

RBN Energy: the top 10 RBN Energy blogs of 2019 -- supply, exports, and low prices.
December 2019 U.S. crude oil production soared 1.1 MMb/d above this time last year to 12.8 MMb/d. It’s a similar story for natural gas, with Lower-48 production climbing to 95 Bcf/d, up 6 Bcf/d over the year. That’s a little off the breakneck growth rate of 2018, but still quite healthy, even in the context of Shale Era increases. And it all happened in the face of continued infrastructure constraints, crude prices that fell from the mid-$60s/bbl in April to average $55/bbl from May through October, and gas prices that in several months were crushed to the lowest level in 20 years. It’s all too much supply to be absorbed by the U.S. domestic market. And that means more pipes to get the supply to the Gulf Coast and more export facilities to get the volumes on the water. What has all this meant for the market’s response to these developments? Well, at RBN we have a way to track that. We scrupulously monitor the website “hit rate” of the RBN blogs fired off to about 28,000 people each day and, at the end of each year, we look back to see which topics generated the most interest from you, our readers. That hit rate reveals a lot about major market trends. So, once again, we look into the rearview mirror to check out the top blogs of the year based on the number of rbnenergy.com website hits.

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