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Title : Week 29: July 15, 2018 -- July 21, 2018
link : Week 29: July 15, 2018 -- July 21, 2018

Week 29: July 15, 2018 -- July 21, 2018

US crude oil production hits a landmark milestone: 11 million bopd  -- but something strange, and bit irritating -- it appears the EIA is now rounding to the nearest 100,000; see graphic at this post; in the big scheme of things, it doesn't matter, of course, but for folks following this closely, the change is irritating.

Wow, the week that Texas smashed electricity demand records going back to 1925; and, here, compare with California.

Texas oil industry continues to raise the bar:
Massive off-shore terminal for VLCC proposed by EPD
ICE (Houston) to overtake WTI (Cushing) in "importance"
fast and furious 

The Permian - WTI spread approached $16

This is not an "oil and gas story," but it certainly suggests something about the US industrial sector: Alcoa expects to restart a third potline at its Indiana Warrick aluminum smelter

EIA reports a huge crude oil inventory build; meanwhile, the API reports a huge gasoline build at the height of the US driving season

Operations
CLR's Thronson wells in Alkali Creek have been updated
CLR's Pittsburgh / Uhlman Federal wells in Banks oil field have been updated
XTO's Bullberry Federal pad is updated ; and, here;
Active rigs hit 69 in North Dakota
Oasis reports a nice well using lesser amount of proppant
A BR Remington well in Blue Buttes produces 50K in one month 


Miscellaneous
Petro-Hunt acquires 130 Divide County wells from SM Energy
Keystone XL activity in Montana/North Dakota area updated
Petroshale paying "Permian prices" for Bakken acreage 

Bakken economy;
Taxable sales, 1Q18; North Dakota, re-posted, expanded 

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Thus Article Week 29: July 15, 2018 -- July 21, 2018

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