- number of rigs does not matter;
- amount of oil stored does not matter;
- what matters: the amount of crude oil being exported by the US
$58.02* | 12/11/2017 | 12/11/2016 | 12/11/2015 | 12/11/2014 | 12/11/2013 |
---|---|---|---|---|---|
Active Rigs | 52 | 40 | 65 | 186 | 192 |
*Why WTI jumped a bit: WTI jumped a bit today on news that a major Brent oil pipeline will be taken off-line for three weeks for repairs. This is a a one-time event which may or may not amount to anything.
Eight new permits:
- Operator: White Butte
- Field: Clarks Creek (McKenzie)
- Comments: it appears White Butte Oil Operations has permits for an 8-well Jore-Federal pad in Clarks Creek, 12-151-95 (all 275' from the north line, and between 1,946 feet from the west line and 2,598 feet from the east line; see graphic below; the section the wells will be sited in is spaced for 640 acres;
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The other wells in that section:
- 28747, 2,592, Slawson, Jore Federal 2-12H, Clarks Creek, one section, 21 stages 4.8 million lbs, t9/14; cum 188K 10/17; shut in most of 6/17 - 10/17; probably due to neighboring wells being fracked?
- 31194, conf, Slawson, Jore Federal 1-12H, no production data,
- 31193, conf, Slawson, Jore Federal 13-12TF2H, no production data,
- 31192, conf, Slawson, Jore Federal 6-12TFH, no production data,
- 31191, conf, Slawson, Jore Federal 24-12TF3H, no production data,
- 31190, conf, Slawson, Jore Federal 14-12TF2H, no production data,
- 34372, 23-12TF3H,
- 34373, 11-12TFH,
- 34374, 15-12TF2H,
- 34375, 3-12H,
- 34376, 22-12TF3H,
- 34377, 10-12TFH
- 34378, 4-12H,
- 34379, 16-12TF2H
- middle Bakken: 4 wells
- TF, 1st bench: 3 wells
- TF, 2nd bench: 4 wells
- TF, 3rd bench: 3 well
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