ND Rig Count Holds Steady At 29; WTI Fairly Stable -- April 23, 2020

Gasoline demand, link here, truly incredible -- if atmospheric CO2 doesn't show a decrease in April, 2020, it will speak volumes about the human contribution to same.

US oil supply, in days, link here:

See previous week data here. At that time I suggested the US will max out at 39.7 days supply of crude oil.

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Back to the Bakken

Active rigs:

$16.50	4/23/2020	04/23/2019	04/23/2018	04/23/2017	04/23/2016
Active Rigs	29	61	60	49	29

Two new permits, #37533 - #37534, inclusive --

• Operator: MRO
• Field: Jim Creek (Dunn County), Murphy Creek (Dunn County)
• Comments:
• MRO has permits for two wells; both sited in SESW section 33-145-96, but one in Murphy Creek; the in Jim Creek

Five permits renewed:

• NP Resources (4): four Elkhorn Ranch Federal permits, all in Billings County;
• Equinor: a Marcia permit in Williams County

Dry hole:
34107, dry, Oasis, Wren Federal 5300 11-35 8B,

Two producing wells (DUCs) reported as completed:

• 36496, SI/NC, MRO, Royal USA 41-3TF, Reunion Bay, t--; cum 122K 2/20; a 61K month;
• 36493, drl, Hess, TI-Stenbak-158-95-2526H-7,  Tioga, t--; cum 8K over 17 dasy;