Week 16: April 15, 2018 -- April 21, 2018

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Title : Week 16: April 15, 2018 -- April 21, 2018
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Week 16: April 15, 2018 -- April 21, 2018

Of course, in geopolitics, not much is going to "rank higher" than the news that North Korea will suspend all nuclear missile testing/development.

The big energy story, without question, was the very likely possibility that KMI will walk away from the Trans Mountain pipeline project. My hunch: Alberta will take over the pipeline project, but KMI will form a new subsidiary to build the pipeline for Alberta and perhaps a separate subsidiary to operate the pipeline once complete. The names of the new subsidiary (or subsidiaries) will be completely unrelated to Kinder Morgan or KMI. 

Of passing interest, it was also reported that India plans to slash by two-thirds any new nuclear reactors, thus "further expanding the country's use of coal for electrical power generation."

As the price of oil starts to creep up, with WTI coming close to $70 briefly at the end of the weekWTI topped $68 for the first time in three years. President Trump tweeted that OPEC-Russia were colluding to drive the price "artificially" higher. Within 24 hours of that tweet, is is reported that the EPA will "unveil" more flexible rules for the US oil and gas industry.

Operations
MRO's staggering IPs -- recently completed DUCs; and, here
Newfield may be the best producer in the Bakken -- Filloon
Different completion strategies being tested 


Mineral rights
North Dakota has completed the much-anticipated high water / low water study of the Missouri River in the Bakken

Flaring
North Dakota will be more flexible regarding flaring

Bakken economy
Surprisingly sharp decline in Legacy Fund deposits in April, 2018 

Miscellaneous
US government cedes control of state's carbon capture and storage program to the state

Miscellaneous
Bald eagles make astonishing comeback in North Dakota


Thus Article Week 16: April 15, 2018 -- April 21, 2018

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