Seven DUCs Reported As Completed; WTI Almost Closes At $50 -- January 8, 2019

Finally! The API reports a huge weekly draw. Inventories drop 6.27 million bbls, but it means nothing if the EIA does not corroborate tomorrow.

Active rigs:

$49.98	1/8/2019	01/08/2018	01/08/2017	01/08/2016	01/08/2015
Active Rigs	63	54	39	58	165

Seven producing wells (DUCs) reported as completed:

• 32856, 2,941, Rimrock Oil & Gas, MC MHA 14-11-2TFH, Moccasin Creek, t918; cum 104K 11/18;
  

  Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
  BAKKEN	11-2018	30	38656	38532	28702	25452	460	23866
  BAKKEN	10-2018	28	31241	31335	20261	18593	2	17591
  BAKKEN	9-2018	21	34381	34158	25027	25200	139	24283

• 33034, 1,605, Rimrock Oil & Gas, MC MHA 14-11-2H, Moccasin Creek, t9/18; cum 78K 11/18;
  

  Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
  BAKKEN	11-2018	30	26407	26263	31663	17787	193	16468
  BAKKEN	10-2018	31	28077	27934	42038	18443	2	17277
  BAKKEN	9-2018	23	23133	22937	33874	12002	317	10851

• 33035, 690, Rimrock Oil & Gas, MC MHA 14-11-3TFH, Mocassin Creek, t9/18; cum 18K 11/18;
  
• 32855, 533, Rimrock Oil & Gas, MC MHA 14-11H, Moccasin Creek, t9/18; cum 33K 11/18;
• 32854, 1,633, Rimrock Oil & Gas, MC MHA 14-11TFH, Moccasin Creek, t9/18; cum 64K 11/18;
• 32843, 45 (no typo), BR, Remington 4B MBH, Blue Buttes, t11/18; cum --;
• 32842, 566, BR, Remington 4A MTFH, Blue Buttes, t11/18; cum --;

Three permits renewed:

• QEP (2): two Moberg permits in McKenzie County
• BR: a Manchester permit in Dunn County