Week 17: April 24, 2022 -- April 30, 2022

We begin:

From Leo Tolstoy's Anna Karenina:

"Happy families are all alike; every unhappy family is unhappy in its own way."

I see economic cycles the same way:

"Happy times are all alike; but every recession is different in its own way."

This next one begins with a shortage of diesel. We just don't know it yet.

Top story of the week:

• Joe Biden is still president.
• North Dakota's April blizzard shut in 60% of North Dakota crude oil production. And, here. And, here.
  
• US GDP went negative; a second consecutive quarter with negative GDP = a recession.  
• Putin's War continues.
• Out of the pandemic, April 27, 2022 -- Dr Fauci.
  

Top international non-energy story:

Top international energy story:

• Diesel is still the top international energy story; ULSD is new buzzword. Aviation.

Top national non-energy story:

• Equity markets: Ford and Amazon take huge loss due to Rivian.
• Amazon earnings here.

Top national energy story:

• Buffett makes huge investment in CVX. And, here.
• Update on SPR release.
  

Top North Dakota non-energy story:

• Another cryptocurrency data center in North Dakota?
  

Top North Dakota energy story:

• Cerilon GTL update.

Geoff Simon's North Dakota top energy stories:

Operations:

• Enerplus reports another huge well.
  

Operators:

• Empire North Dakota, LLC, getting active again.
• CLR with eight new permits.
• CLR increases dividend.
  

Wells:

• Update on Oasis Peregrine wells in the city of Williston.
• MRO starting to reports its Christoph pad. 
• Enerplus reports a huge Lynx well.
• The McGinnity E wells.
• The Enerplus winter fur pad wells are incredible.
  

Wells over 500K:

• Enerplus Fort Berthold.
• Petro-Hunt Van Hise Trust.
• EOG Wayzetta.
• Oasis Wilson Federal.

Fracking:

Halo effect:

• A CLR Kukla well in Chimney Butte.
• Random examples.
  

Natural gas:

Pipelines:

• A 250,000-bbl crude oil pipeline, Watford City, ND, to Baker, MT.

Bakken economy:

Commentary: