Number Of North Dakota Active Rigs Up One -- December 11, 2018; Petro-Hunt With Huge 900K Well (Seven Years Old)

US crude oil weekly inventory numbers, API data: oilprice. I think this is the biggest draw I've ever seen in one week. It will be interesting to see what the EIA has to say tomorrow. Last week, the API reported a build of over 5 million barrels. A day later, the EIA had a completely contradictory report showing a 7.3-million-barrel draw. Today, from the API:

• an inventory draw of 10.18 million bbls
• forecast: a draw of 2.990 million bbls

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Back to the Bakken

Active wells:

$51.97	12/11/2018	12/11/2017	12/11/2016	12/11/2015	12/11/2014
Active Rigs	65	52	40	65	186

Five new permits:

• Operators: Kraken Operating (4); Sinclair
• Fields: Sanish (Mountrail); Robinson Lake (Mountrail)
• Comments: Kraken has permits for a 4-well pad in 24-154-93; Sinclair's State well will be in section 36-154-93;

One producing well (DUC) reported as completed:

• 33905, 1,219, Petro-Hunt, USA 153-95-9A-4-1HS, Charlson, t10/18; cum 12K over 11 days which extrapolates to 33K over 30 days;
• neighboring wells: #32529 (SI/NC), #32530 (SI/NC), #32531 (SI/NC), #32532 (conf), and, #32533 (conf).
• far to the east in this section: 
• 20342, 1,430, Petro-Hunt, USA 153-95-4B-9-1H, t11/11; cum 900K 10/18, recent production:

  Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
  BAKKEN	10-2018	12	3261	3644	743	7087	5811	1197
  BAKKEN	9-2018	30	9277	9448	1985	16977	14265	2503
  BAKKEN	8-2018	31	9216	9040	2116	17960	17618	126
  BAKKEN	7-2018	31	9724	9873	2209	17890	17595	79
  BAKKEN	6-2018	30	10650	11102	2855	16461	16076	176
  BAKKEN	5-2018	31	11129	10573	2472	17002	16704	82
  BAKKEN	4-2018	30	11191	11390	2549	16514	15353	952
  BAKKEN	3-2018	31	11710	11530	2433	16543	16327	0
  BAKKEN	2-2018	28	11134	11230	2470	16231	15528	508
  BAKKEN	1-2018	31	12724	12821	2902	18163	17947	0
  BAKKEN	12-2017	31	13263	12940	2992	17633	17343	74
  BAKKEN	11-2017	30	13117	13454	3108	16769	8209	8351
  BAKKEN	10-2017	31	14439	14496	3282	19217	0	19001
  BAKKEN	9-2017	30	12674	12004	3682	16658	0	16477
  BAKKEN	8-2017	4	501	690	85	861	839	0
  BAKKEN	7-2017	31	5175	5311	460	8108	7892	0
  BAKKEN	6-2017	30	5032	5032	405	7302	6873	220
  BAKKEN	5-2017	31	5054	4857	418	8962	2717	6029
  BAKKEN	4-2017	30	5337	5609	527	8791	8522	60
  BAKKEN	3-2017	31	5706	5469	480	8972	8756	0
  BAKKEN	2-2017	28	5343	5422	447	8303	8108	0
  BAKKEN	1-2017	31	6618	6749	572	9321	9105	0

By the way, that area is also a great area for Madison wells; most of them are now abandoned.

However, Petro-Hunt is drilling a Madison well in the area:

• 28227, conf, Petro-Hunt, CMNU C-205X, Charlson, t--; cum --