US Crude Oil Inventories Essentialyl Flat -- API -- April 10, 2018; Seven DUCs Reported As Completed

US crude oil inventories: ho-hum; flat; API data -- an increase of 1.758 million bbls

• EIA data comes out tomorrow
• WTI: closes up almost 3.5%; up $2.16; closed at $65.58

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Active rigs:

$65.58↑↑	4/10/2018	04/10/2017	04/10/2016	04/10/2015	04/10/2014
Active Rigs	59	52	31	93	190

Only one new permit:

• Operator: CLR
• Fields: Brooklyn (Williams)
• Comments:

One permit canceled:

• QEP: a Tipi V permit in McKenzie County

Four permits renewed:

• Thunderbird (3): three Watson B permits in McKenzie County
• BR: a Gudcadia permit in McKenzie County

Seven producing wells (DUCs) reported as completed:

• 29556, 330, Statoil, Patent Gate 7-6 3H,  Sakakawea, 11 million gallons of water, 89% water, t1/18; cum --
• 31317, 157, BR, Midnight Run 2-8-12MTFH, Union Center, t3/18; cum --
• 31318, 133, BR, Midnight Run 3-8-12MBH, Union Center, t3/18; cum --
• 31319, 448, BR, Midnight Run 4-8-12MTFH, Union Center, t3/18; cum --
• 32712, 2,167, Statoil, Heinz 18-19 5H, Patent Gate, t2/18; cum 15K after 26 days;
• 32713, 3,527, Statoil, Heinz 18-19 XE 1H, Patent Gate, t1/18; cum --
• 32714, 2,878, Statoil, Patent Gate 7-6 XE 1H, Poe; 11.4 million gallons of water; 89% water, t2/18; cum --