Week 46: November 8, 2020 -- November 14, 2020

Top story of the week:

• White Castle will break ground on a huge new restaurant in Florida; 
  
• Saudi Arabia says current revenue won't meet obligations; Saudi with staggering losses;
• EIA: largest US natural gas storage draw on record; October's gas inventory build is smallest on record;

Most under-reported energy story last week:

• Natural gas inventories dip;

International non-energy story of the week:

International energy story of the week:

• Mexico will grant SRE a conditional export permit (spoiler alert: Mexico needs the cash);

National non-energy story of the week:

• S&P 500 jumps to record despite headwinds;
• College football season in shambles; NFL ratings crash; and, here; and, here;

National energy story of the week:

• US implied oil demand at highest level since March, 2020;
• Natural gas storage drops into five-year historical range;
• Chariots on fire: GM recalls 69,000 Bolts;
• Operators starting to shut down refineries;
• Shell to shut down Louisiana refinery;
• Calcasieu Pass LNG export terminal on track; also, here;
• Resurgence of natural gas; moving more quickly than predicted (?);

North Dakota non-energy story of the week:

• Overnight, ND governor imposes strict Chinese flu restrictions: masks, restaurants/bars early closing;
• Williston Mayor Howard Klug issues mask order;

North Dakota energy story of the week:

• Twenty-five permits renewed on one day;

Geoff Simon's top North Dakota energy stories:

• New runway at Williston International Airport complete: link here;
• 4,500-foot crosswind landing strip; will allow smaller aircraft to land into the wind
• makes for safer landing operations
• Fort Berthold oil at risk under Biden;
• Future of DAPL uncertain under Biden;
• Xcel Energy files rate increase to recoup $1 billion wind investment
• Plans to spend Legacy Fund money
• Heidi Heitkamp a candidate for a cabinet post under Biden
• Environmentalists want Americans to live like Third World: with intermittent electricity;

Operators:

• Oasis: court approves pre-packaged restructuring program;
• Enerplus: permits for six wells on its "Hearty Breakfast" pad;
  

Operations:

• Hess reports a great Spring Creek well in Cherry Creek;
• An old MRO Quale well with great production;
• Update on a remarkable Hess well in Blue Buttes;
• Hess with a great well in Big Butte;
• Closer look at a Hess SC-5WX well;

Fracking:

• EID response to New York Times hit piece;
  

Commentary:

• NDIC daily activity report with significant errors in end-of-week report;
• Operators way overpaid for the Permian;
• Global preference: WTI Midland, Bakken; and, here;
• Tectonic changes in oil and gas industry in 2021;
• EID response to New York Times hit piece;