Locator: 46875B.
Market at the close:
For the archives -- what's going on that affected the market today:
- some tech stocks reported great earnings; GOOG announces a dividend for the first time;
- personal consumption expenditures "price index" seems to be plateauing in the 2.8 - 3.0% range; possibly increasing; resilient American economy (Americans keep spending)
- GDP estimate, GDPNow, for 2Q24, jumped from 1.6% actual 1Q24 to 3.9% estimate 2Q24
- relatively quiet in the Mideast; though more and more it appears that Israel is yet to move into southern Palestine (Rafah) to clear out Hamas
- analysts pretty much agree that any "rate cut" in 2024 is getting less and less likely
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Back to the Bakken
WTI: $83.85.
Active rigs: 40.
Two new permits, #40701 and #40702:
- Operator: Grayson Mill
- Field: South Tobacco Garden (McKenzie)
- Comments:
- Grayson Mill has permits for two Skaar wells, NWNE 15-150-99;
- both to be sited 1519 FEL with one sited 447 FNL and the other 347 FNL
Eight permits renewed:
- CLR: eight McClintock permits, NENE 24-156-95 and SESW 13-156-95, Pleasant Valley, Williams County;
Four producing wells (DUCs) reported to be completed:
- 37921, n/d, BR, Parrish 2B TFH,
- 39908, 668, Oasis, Andrews Federal 5304 12-24 2B,
- 39909, 98, Oasis, Andrews Federal 5304 12-24 3B,
- 39910, 98, Oasis, Andrews Federal 5304 12-24 4BX,
