EVs: Happy Together! -- October 3, 2018:

Updates

Later, 4:50 p.m. CDT: after the market closed, WTI continued to melt up. At 4:50 p.m. CDT, WTI was trading at $76.41.

Original Post

WTI: again, completely missed. I didn't see this until just now. Look at that. Oil closed up over 1%, up almost another dollar, and closed at $76.18. And this was on a day that the EIA reported a whopping increase in the US crude oil inventories. Inventories increased by a whopping 8 million bbls, and in so doing:

• crossed over the 400 million-bbl threshold (at 404 million bbls)
• went from "below" the 5-year average (last week) to "now within the 5-year average" (this week)
• when imports increased again, year-over-year

EVs:

• GM and Honda team up: EVs.
• Will Ford and Tesla be next? Many think so.

Happy Together, The Turtles
Making America great again: Dow hit an all-time record today.

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Back to The Bakken

Active rigs:

$76.18💪💪	10/3/2018	10/03/2017	10/03/2016	10/03/2015	10/03/2014
Active Rigs	65	57	33	68	188

Two new permits;

• Operator: RimRock Oil & Gas
• Field: Heart Butte (Dunn)
• Comments: RimRock has permits for a Two Shields Butte pad in SWSW 21-149-92

Three wells came off the confidential list:

• 32127, 768, CLR, Burr Federal 6-26H2, Sanish, t7/18; cum 30K after 42 days;
• 33114, 1,495, CLR, Bailey 11-24H2, Pershing, t6/18; cum 58K 2.5 months;
• 33533, SI/NC, Hess, AN-Gudbranson-153-94-2215H-8, Elm Tree,

Eight permits renewed:

• Petro-Hunt (5): two Arsenal Federal and three Mongoose permits, all in McKenzie County
• EOG: a Hardscrabble permit in Williams County
• Crescent Point: a CPEUSC Keith permit in Williams County
• Sinclair: one Bighorn permit in Dunn County

Three producing wells (DUCs) reported as completed:

• 24235, 2,373, Enerplus, Cheetah 149-93-30A-31H, Mandaree, t8/18; cum 9K after 7 days;
• 34011, 1,450, XTO, Serrahn 11X-5F, Siverston, t7/18; cum 31K after 1.5 months;
• 34012, 1,610, XTO, Serrahn 11X-5B, Sivrston, t8/18; cum 28K after 1 month;