Week 30: July 22, 2018 -- July 28, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Week 30: July 22, 2018 -- July 28, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Week 30: July 22, 2018 -- July 28, 2018
link : Week 30: July 22, 2018 -- July 28, 2018

Week 30: July 22, 2018 -- July 28, 2018

If I was going to spend one hour on anything today (with regard to the blog), it would be the COP earnings report.

Another incredible week, highlights --

• North Dakota hits all-time crude oil production record -- previously reported, but Mark Perry has great graph
• US GDP growth, 2Q18, first estimate: 4.1% -- comes at time when the "bull market" is long in the tooth; most analysts suggested the number was really better than initial reading suggests
• WTI remains stable, despite "hot" war in the Mideast (Israeli/Syrians each down opponent's jets); war of words between Trump and Iran escalates, and then this: Saudi Arabia suspends shipments through the Red Sea after two of its VLCCs come under attack, and Iran takes responsibility
• US producers/refiners make history
• very interesting earnings reports from COP; XOM in trouble;
• courts throwing out global warming cases against Big Oil -- frivolous lawsuits
• although released in June, it's finally getting some traction: the BP annual global energy report has been released
• major heat across the northern hemisphere this past week; so intense that Japan is starting up old crude oil- and fuel oil-fired power plants to meet electricity demand (a/c); Texas heat wave -- record electricity demand;
• major developments in Saudi Arabia: Saudi Aramco may buy SABIC -- become global petrochemical powerhouse; also here; 
• a report that global crude oil discoveries have recovered
• US natural gas storage could break record -- on low side; US natural gas exports to Mexico hit record high; 
• a perfect fit for Berkshire Hathaway: OXY's pipeline assets
• railcar shortage for crude oil and refined products 
• and, Elon Musk went off the rails

Perhaps the biggest "post" of the week was the one regarding the spectacular MRO wells in Bailey oil field. 

Reminder: a reader asked whether to "buy" or "hold." FYI only.

The Bakken

Operations
MRO's incredible DUCs in Bailey oil field;
Slawson, MRO report huge completed DUCs
MRO re-fracks in Bailey oil field
New CLR wells produces 150K BOE in thee months 
The Christensen -- another phenomenal MRO re-frack
More MRO re-fracks

Bakken economy
Huge Legacy Fund deposit for July, 2018 

Commentary
The US is THE global swing producer

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Thus Article Week 30: July 22, 2018 -- July 28, 2018

That's an article Week 30: July 22, 2018 -- July 28, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

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