After the much-awaited news regarding U.S. sanctions on Iran today, the American Petroleum Institute (API) reported a draw of 1.85 million barrels to the U.S. crude oil inventories for the week ending May 4, compared to analyst expectations that this week would see a smaller draw in crude oil inventories of 719,000 barrels.
Last week, the American Petroleum Institute (API) reported a large build of 3.427 million barrels of crude oil.
The API also reported a draw in gasoline inventories for week ending May 4, to the tune of 2.055 million barrels—a bigger draw than the 450,000-barrel draw that analysts had expected.
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Back to the Bakken
Where Fracking Is An 8-Letter Word
Active rigs:
5/8/2018 | 05/08/2017 | 05/08/2016 | 05/08/2015 | 05/08/2014 | |
---|---|---|---|---|---|
Active Rigs | 61 | 49 | 27 | 84 | 191 |
Five new permits:
- New permits: Newfield (4); Armstrong Operating
- Fields: Haystack Butte (McKenzie); Wildcat (Renville County)
- Comments: Newfield has permits for a 4-well Berg Federal pad in NENW 30-149-97
- BR: five Gladstone permits in McKenzie County; and one Catalina permit in Dunn County
- 30965, 2,293, CLR, Uhlman Federal 2-7H1, Banks, t4/18; cum --
- 31461, 177, Statoil, Shorty 4-9F 2TFH, Stony Creek, t2/18; cum --
- 31443, 550, Statoil, Shorty 4-9F 3H, Stony Creek, t2/18; cum --
- 31699, 133, Statoil, Shorty 4-9F 4TFH, t3/18; cum --
- 31700, 398, Statoil, Shorty 4-9F 5H, t3/18; cum --
- 31701, 254, Statoil, Shorty 4-9F 6TFH, t3/18; cum --
- 31702, 357, Statoil, Shorty 4-9F 7H, t3/18; cum --
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From Yesterday's Daily Activity Report
May 7, 2018
Two new permits:
- Operator: CLR
- Field: Dimmick Lake (McKenzie)
- Comments:
- BR (8): six Abercrombie permits; one Abersom permit; and, one Aberlid permit, all in McKenzie County
- Slawson (5): five Jore (Federal) permits in McKenzie County
- BR: an Ole permit in McKenzie County
- Crescent Point Energy: a Legacy Et Al Hansen Pager permit in Bottineau County
- North Range Resources: a Placid permit in McKenzie County
- 31703, 112, Statoil, Shorty 4-9F 8TFH, Stony Creek, t3/18; cum --
- 33054, 3,600, Whiting, Mallow 34-8H, Pembroke, t4/18; cum --
- 33313, 1,460, Whiting, Nelson 14-8-1HU, East Fork, t4/18; cum --
- 33317, 1,798, Anna 14-8-2H, East Fork, t4/18; cum --
- 33318, 1,406, Anna 14-8-1TFH, East Fork, t4/18; cum --
- 33319, 1,189, Anna 14-8-1HU, East Fork, t4/18; cum --
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