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Top Stories of 2022
By Category
Top Story Of The Year:
- Coal is the transition fuel
- irony: Germany's pivot to coal changes the dynamic
- it's not "okay" for China, India, others to turn to coal
- SPR release prior to midterm elections; record release; trending toward $5-gasoline;
- US LNG export projects have made over 20 supply deals since June
- Almost a full year of war in Ukraine and no end in sight
- China "opens" at end of the year; will pivot to herd immunity
- Crypto crushed
Runner-up story of the year:
- Recession talk continues; US equity markets in bear territory
- Covid-19 in the US, as a top story, quietly goes away
- Southwest Airlines collapse during Christmas holidays; extended into New Year's
The Biden administration:
- Southern surge: a non-story:
- Official energy policy: no more drilling
- Three huge bills passed
- Infrastructure, make America great again (IRA)
- Tech ("Chips" bill)
- Spending
The world:
- China: Covid-19 disaster
- Millions to become infected;
Most surprising story of 2021:
- Coal is the transition fuel
The most egregious story to come out of the Bakken:
The "best call" by the blog:
- Devon
The most frustrating story to come out of the Bakken:
- Winter storms greatly affect production
- Spring, 2022
- Autumn, 2022
The top US story:
- Biden doing surprisingly well.
- Huge spending bill passed
- Three major bills passed
- no "red wave"
- in off-year election, POTUS' party holds the US Senate
- barely took control of the US House
North Dakota, energy:
- Harold Hamm takes CLR private
- Whiting - Oasis merge: Chord
North Dakota economy:
North Dakota technology:
Most exciting non-operator in the Bakken:
- NOG, as usual
Most exciting micro operator in the Bakken:
Most exciting small operator in the Bakken:
Most exciting medium-size operator in the Bakken:
- Enerplus
Most exciting large operator in the Bakken:
- CLR
Most aggressive large operator in the Bakken:
- CLR
Biggest deals:
- Whiting - Oasis merge: Chord
Most surprising deal:
- Whiting - Oasis merge: Chord
- CLR: is taken private
Record price per Bakken mineral acre, 2022 (quarterly lease sales):
Bakken operations, rigs:
- Trended toward forty-five active rigs; plateaued at 45 rigs
Bakken operations, production:
- Maintains third place in US but with a third of the rigs New Mexico (the #2 state) requires
Bakken operations, density:
Top prediction made in 2022 for 2023:
- EVs will destroy a lot of investors, severely harm several manufacturers (unchanged from last year)
Record initial production:
Biggest story in takeaway capacity:
- Freeport LNG taken off line; huge drop in price of natural gas
CBR:
- Non-story in 2022
Pipeline:
Fracking:
Flaring:
Natural gas:
- Bakken continues to set production records, month-after-month;
Refining:
Investment story of the year:
- Crypto crushed
- Historic Fed rate increases; much faster than expected
The "other" Williston Basin formations:
- Nothing.
Bakken economy:
New (or better-understood) oil patch jargon:
Bakken economy -- Williston Economic Development (WED) top ten stories:
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