Just when the Saudis thought it couldn't get any worse, the price of WTI closes below $49. Saudi responds by telling the US shale industry "they won't get a free ride." Whatever that means. Saudi is in deep doo-doo.
That OPEC cut? Turns out that OPEC exported more oil in February than the cartel did in January. Saudi and company caught with hands in the proverbial cookie jar. So much for their announced cuts.
The Australian Climate Institute announced it was closing its doors. Funding has dried up.
Meanwhile, the owner of President Obama's biomass refinery in Hawaii announced that the refinery will be closed. Apparently no one is willing to pay $26 / gallon for algae-produced jet fuel.
Meanwhile, another huge oil discovery was announced in Alaska this past week; the largest on-shore conventional crude oil discovery in 30 years. Peak oil? What peak oil?
"Every" operator is leaving the Canadian oil sands as fast as possible; "every" operator salivating over the Permian.
EOR
Top story of the week: EOG announces natural gas EOR
Operations
North Dakota crude oil production 4% higher month-over-month despite fewer wells; also here;
Oasis acquires 156 SM Energy wells
Flashback: a short lateral that produced 90,000 bbls in one month
Whiting continues to report very nice Rolla Federal wells; and, here
Random update of a Newfield Lost Bridge Federal well
North Dakota's quarterly lease auction; you, too, can buy into the Bakken for $1/acre
Pipelines
"Final" challenge to DAPL thwarted by judge
Enbridge and Spectra Energy acquisition closes
Flaring
Where is all that natural gas going?
Fracking
Cost of sand going parabolic
Random note on volume of sand used in fracking
Fracking volumes in the Bakken
How far might fracking interference extend?
Bakken economy
Williston is #4 on the list of the wealthiest cities in the US: New York City is #15; Dickinson is #14
North Dakota #2 overall; #1 in economic growth
Miscellaneous
#1 hit on the blog this past week
Bakken 2.0? That's what Bloomberg calls it
Friday, March 10, 2017
Train Hauling Ethanol Derails In Iowa; Fire; Mass Evacation Order (Two People Apparently Lived Near The Event) -- No One Injured -- March 10, 2017
Union Pacific train hauling ethanol derails, burns in Iowa.
I'm willing to bet 10 - 1 that mainstream media does not cover this derailment to extent a CBR train derailment would be covered. It's rhetorical. Please don't place any bets. Betting on such things is probably illegal in most states. Just saying.
Link here.
If a train had to derail, happy to see it happen in Iowa, ground zero for ethanol by rail.
Memo to self: file under "Wife Will Kill Me."
Tomorrow morning our 2 1/2 year-old Sophia has gymnastics and swimming lessons.
Her dad is out of town and her mom will be at work. I will take her to her classes.
I plan to give her the card below, and tell her to hand it to the person at the desk. I will stand outside the glass doors and then watch the events unfold.
My wife will kill me, but it should be lots of fun. I can guarantee you that Sophia will do as instructed. She is a very, very smart kid. She has to be, to survive me.
I'm willing to bet 10 - 1 that mainstream media does not cover this derailment to extent a CBR train derailment would be covered. It's rhetorical. Please don't place any bets. Betting on such things is probably illegal in most states. Just saying.
Link here.
If a train had to derail, happy to see it happen in Iowa, ground zero for ethanol by rail.
**************************
Sophia: Note To The Granddaughers
Memo to self: file under "Wife Will Kill Me."
Tomorrow morning our 2 1/2 year-old Sophia has gymnastics and swimming lessons.
Her dad is out of town and her mom will be at work. I will take her to her classes.
I plan to give her the card below, and tell her to hand it to the person at the desk. I will stand outside the glass doors and then watch the events unfold.
My wife will kill me, but it should be lots of fun. I can guarantee you that Sophia will do as instructed. She is a very, very smart kid. She has to be, to survive me.
NDIC Daily Activity Report Posted, But Mis-Dated; Mis-Numbered -- March 10, 2017
Active rigs;
Five permits renewed:
| 3/10/2017 | 03/10/2016 | 03/10/2015 | 03/10/2014 | 03/10/2013 | |
|---|---|---|---|---|---|
| Active Rigs | 45 | 33 | 113 | 191 | 187 |
Five permits renewed:
- HRC (3): three Fort Berthold permits, Dunn County
- BR (2): a Rollacleetwood permit and a Cleetwood permit, both in McKenzie County
Williston Made The CNBC List -- March 10, 2017
Dickinson made the list, too.
Watford City, ND, did not make the list but I don't know if there was a population minimum (I could not find the answer in the full report, but the smallest cities, it appeared, had populations of at least 9,000. Watford City, using the 2010 census, would not have met that threshold).
The list: the fifteen wealthiest US cities.
Link here.
Of the top 15 US cities, Williston, ND (Boomtown, USA) comes in #4.
Dickinson, ND, barely broke into the top 15, but beat out New York City.
Cities not on the list: Dallas or Houston; Odessa; Seattle; Chicago; Los Angeles; San Diego; Omaha; Williamsburg.
States not on the list: Washington State; Maryland; DC; Virginia; Nebraska; New Mexico; Middleburg (VA); Ohio; Illinois; Pennsylvania; New Jersey; North Carolia. Except for New York City, no city in New York state made it.
No city in southern California made the list.
Only one city in Texas made the list, falling short of two cities in North Dakota.
Four states had two cities on the list: North Dakota, Colorado, California, Florida.
Only four cities broke the $1 million mark.
Had they only listed the top 10, Williston would have made it.
Had they only listed the top 5, Williston would have made it.
This is not total wealth, this is annual income.
How much you have to earn to be in the top 1% in the wealthiest US cities:
Watford City, ND, did not make the list but I don't know if there was a population minimum (I could not find the answer in the full report, but the smallest cities, it appeared, had populations of at least 9,000. Watford City, using the 2010 census, would not have met that threshold).
The list: the fifteen wealthiest US cities.
Link here.
Of the top 15 US cities, Williston, ND (Boomtown, USA) comes in #4.
Dickinson, ND, barely broke into the top 15, but beat out New York City.
Cities not on the list: Dallas or Houston; Odessa; Seattle; Chicago; Los Angeles; San Diego; Omaha; Williamsburg.
States not on the list: Washington State; Maryland; DC; Virginia; Nebraska; New Mexico; Middleburg (VA); Ohio; Illinois; Pennsylvania; New Jersey; North Carolia. Except for New York City, no city in New York state made it.
No city in southern California made the list.
Only one city in Texas made the list, falling short of two cities in North Dakota.
Four states had two cities on the list: North Dakota, Colorado, California, Florida.
Only four cities broke the $1 million mark.
Had they only listed the top 10, Williston would have made it.
Had they only listed the top 5, Williston would have made it.
This is not total wealth, this is annual income.
How much you have to earn to be in the top 1% in the wealthiest US cities:
#1
|
Jackson
|
Wyoming
|
$1,650,902
|
#2
|
Bridgeport
|
Connecticut
|
$1,390,965
|
#3
|
Summit Park
|
Utah
|
$1,206,863
|
#4
|
Williston
|
North Dakota
|
$1,066,541
|
#5
|
San Jose
|
California
|
$964,238
|
#6
|
Naples
|
Florida
|
$959,229
|
#7
|
Midland
|
Texas
|
$885,806
|
#8
|
San Francisco
|
California
|
$785,946
|
#9
|
Key West
|
Florida
|
$773,711
|
#10
|
Boston
|
Massachusetts
|
$701,776
|
#11
|
Hailey
|
Idaho
|
$690,535
|
#12
|
Boulder
|
Colorado
|
$683,648
|
#13
|
Edwards
|
Colorado
|
$680,688
|
#14
|
Dickinson
|
North Dakota
|
$674,032
|
#15
|
New York City
|
New York
|
$672,795
|
Another One Bites The Dust -- March 10, 2017
I may have to start a whole new page: "Another One Bites The Dust." Two stories in a row, sent in by different readers and we're only into day 49 of President Trump's administration.
From The [London] Guardian: Climate Institute to shut down, citing lack of funds for independent research. Chairman says cost of inaction on climate change is clear and issue shouldn’t be used to fight "political and ideological battles."
I'm not sure why "the world" would even need a "climate institute." The science is settled:
Oh, no! The institute's CEO is moving to Fiji to host the 23rd UN convention on climate change.
Please, Mr Trump, do not go.
She will be three years old this summer. On her way to Tutor Time this morning:
From The [London] Guardian: Climate Institute to shut down, citing lack of funds for independent research. Chairman says cost of inaction on climate change is clear and issue shouldn’t be used to fight "political and ideological battles."
I'm not sure why "the world" would even need a "climate institute." The science is settled:
- the world is undergoing climate change (as usual)
- the world is facing another round of global warming (the sixth known "round" of global warming; this is the first one to occur during modern times)
- humans are respiring, pushing more and more CO2 into the atmosphere
- Venus has a lot of CO2 in its atmosphere and look what happened to that planet
- it looks like earth doesn't need a "climate institute," Venus does
- we need to send Tom Steyer, Algore, Michael Moore, George Soros, BO, HRC, and about 6,000 others to Venus to "fix" that planet
- Australian
- founded in 2005
- twelve years of "independent advocacy and research"
- proud of its achievements
- Australia prospering in a zero-carbon global economy -- say what?
Oh, no! The institute's CEO is moving to Fiji to host the 23rd UN convention on climate change.
Please, Mr Trump, do not go.
*******************************
Olivia On Her Way To Tutor Time
She will be three years old this summer. On her way to Tutor Time this morning:
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