MRO Reports Two Huge Reunion Bay Wells -- November 27, 2018

US crude oil inventory -- API data:

• US crude oil: a build of 3.453 million bbls -- let's see what the EIA reports tomorrow
• analysts' forecast: a build of well less than one million bbls (actual forecast: a build of only 769,000 bbls)
• last week the API reported a draw, after six weeks of straight builds as reported by the API
• a day later, the EIA reported a build of an incredible 5 million bbls -- the tenth straight week of inventory builds for US crude oil
• gasoline? a different story:
• analysts predicted a build of 640,000 bbls for the week
• actual: a draw of 2.62 million bbls

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Back to the Bakken

Active rigs:

$52.03	11/27/2018	11/27/2017	11/27/2016	11/27/2015	11/27/2014
Active Rigs	62	54	37	64	183

Three new permits:

• Operators: Whiting (2); XTO
• Fields: Foreman Butte (McKenzie); Lost Bridge (Dunn County)
• Comments: Whiting has permits for a 2-well Link pad in section 10-150-102;

Three producing wells (DUCs) reported as completed:

• 33979, 161, BR, Kermit 4-8-32MBH, Pershing, t8/18; cum 4K after 24 days;
• 33941, 6,943, MRO, Rue USA 44-19TFH, Reunion Bay, t10/18; cum 22K after two days;
• 33943, 6,396, MRO, Sibyl USA 44-19TFH, Reunion Bay, t9/18; cum 29K after 10 days; 

Obviously, we really can't do this but 21,578bbls after two days (#33941) extrapolates to 323,670 bbls in 30 days. LOL. But Lynn Helms always said the TFH wells might be better than a middle Bakken well at the same site. Record IPs in the Bakken are tracked here.