Hess Reports A Huge DUC; Active Rigs Up One; Huge Build In US Crude Oil Inventories (Again); Zavanna With Seven New Permits -- October 30, 2018

Weekly crude oil inventories: again, another huge build, up almost 6 million bbls -- API; link here.  More at oilprice.com.

WTI: down 62 cents at $66.42.

Active rigs:

$66.42↓	10/30/2018	10/30/2017	10/30/2016	10/30/2015	10/30/2014
Active Rigs	68	52	34	70	190

Seven new permits:

• Operator: Zavanna
• Field: Poe (McKenzie) -- seven miles northeast of Alexander; tracked here;
• Comments: Zavanna has permits for a 7-well Stranger pad in section 28-151-100; these are the first new permits in Poe field since 2016; there were no new permits in Poe field in 2017;

Four permits renewed:

• EOG: three Hawkeye permits in McKenzie County and one Van Hook permit in Mountrail County

Seven permits canceled:

• Enerplus: the "solar system" well permits were canceled -- Mars, Venus, Saturn, Rocket, Copper, Jupiter, and Pluto, all in Dunn County

Nine producing wells (DUCs) were reported as completed:

• 32379, 1,112, XTO, Werre Trust 21X-3E, Bear Creek, t8/18; cum 12K after only 9 days;
• 33531, 5,872, Hess, AN-Gudbranson-153-94-2215H-10, Elm Tree, t10/1; cum -- ; the Gudbranson wells are tracked here;
• 34283, 1,162, Abraxas, Lillibridge 20-17-12H, Pershing, t7/18; cum 59K 9/18;
• 34282, 1,032, Abraxas, Lillibridge 20-17-11H, Pershing, t9/18; cum 43K 9/18;
• 34281, 1,017, Abraxas, Lillibridge 20-17-10H, Pershing, t7/18; cum 57K 9/18;
• 34328, 718, Abraxas, Lillibridge 20-17-9H, Pershing, t9/18; cum 44K 9/18;
• 34005, 2,212, CLR, Radermecher 5-22H, Camel Butte, t9/18; cum --
• 31478, 785, Slawson, Serpent Federa 4 SLTFH, Big Bend, t9/18; cum 8K after 22 days;
• 31394, 265, Slawson, Serpent Federal 1 SLH, Big Bend, t7/18; cum 5K after 18 days;

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The geologist's report, for the well:

• 33531, 5,872, Hess, need to confirm; 33-053-07997;

• spud June 11, 2018
• curve began on June 14, 2018
• curve landed at June 15, 2018
• TD, June 20, 2018
• fracked, 8/22/2018 - 8/25/2018; sundry form not scanned
• FracFocus: small - moderate frack; 5.5 million gallons of water; 84.2% water by weight
• neighboring wells: 19538; 21312;