Wednesday, July 29, 2020

BR WIth SIx New Permits -- July 29, 2020

Gasoline demand, link here:



Weekly EIA petroleum report, link here:
  • US crude oil in storage: 526.0 million bbs; 17% above the five-year average;
  • US crude oil in storage decreased by a whopping 10.6 million bbls from the previous week
  • refineries operating at 79.5% operable capacity
  • distillate fuel production increased last week, average 4.8 million bbls per day
  • distillate fuel inventories increased slightly (0.5 mlliion bbls) and are about 26% above the five-year average, and well above the  summer average when stocks are usually at their lowest;
  • jet fuel supplied was down 42.1% compared with same four-week period last year
Active rigs:

$41.117/29/202007/29/201907/29/201807/29/201707/29/2016
Active Rigs1260626135

Six new permits, #37750 - #37755, inclusive --
  • Operator: BR
  • Field: Pershing (McKenzie)
  • Comments:
    • BR has permits for a 6-well Kirklandfill / Morganfill pad in SWSE 21-150-96; Pershing oil field --
      • 37750, 924' FSL 2383' FEL
      • 37751, 909' FSL 2426' FEL
      • 37752, 894' FSL 2458' FEL 
      • 37753, 880' FSL 2511' FEL
      • 37754, 865' FSL 2553' FEL
      • 37755, 850' FSL 2596' FEL

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