Finally! Three DUCs Reported As Completed -- July 4, 2018

Data from yesterday and today. I took the day off yesterday.

API, US weekly crude oil reserves, link here or here: US crude oil reserves are down another 4.5 million bbls (after being down 9.22 million bbls the previous weeks. Price of WTI surges? Nope, WTI actually decreases slightly on this news.

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Daily Activity Report

Active rigs:

$73.90→	7/4/2018	07/04/2017	07/04/2016	07/04/2015	07/04/2014
Active Rigs	66	57	30	76	191

Five new permits (July 3, 2018):

• Operator: Hess
• Field: Antelope (McKenzie)
• Comments: Hess has permits for a 5-well AN-Bohmbach pad in SESW 22-153-94

Nine wells came off the confidential list:

• BR had seven Cleetwood permits in Elidah oil field go PNC.
• the other two wells, a Petro-Hunt well and an MRO well were reported yesterday

Thirteen permits renewed:

• SHD Oil (7): a Zeta, Poseidon, Narcissus, Cheetah, Demeter, Delta, and Epsilon permit were each renewed in McLean County
• CLR (4): four Steele Federal permits were renewed in McKenzie County
• BR (2): two Patton permits were renewed in McKenzie County
• Seven permits were canceled:
• BR, as noted above, canceled seven Cleetwood permits in McKenzie County

And how about this!? Three DUCs were reported as completed; the first in a long time:

• 30148, 463, Hess, BB-Federal A-151-95-0910H-3, Blue Buttes, t5/18; cum --
• 33731, 1,631, Hess, EN-VP and R-154-94-2536H-11, Alkali Creek, t5/18; cum --
• 33732, 2,078, EN-VP and R-154-94-2536H-12, Alkali Creek, t5/18; cum --

I'll begin tracking the EN-VP and R- wells at this post.