This week’s key data from the oil and gas industry shows that fears of a Brexit continue to weigh on oil, as the dollar strengthens due to market uncertainty. We also see the rig count continue to climb, although still at a relatively slow rate. (Click to enlarge) (Click to enlarge) Chart of the Week • The Bakken in North Dakota saw natural gas production explode over the past decade, and because of inadequate pipeline and processing infrastructure, natural gas flaring also surged . • But since the collapse of oil prices two years ago, flaring has fallen substantially, both in percentage terms and on an absolute basis. • As of March 2016, the industry flared 10 percent of the natural gas produced in the U.S., down by about one third from early 2014 levels. Much of that has to do with the sharp decline in drilling. • But […]