Seven New Permits -- January 23, 2019 -- At The National Level, Huge Crude Oil Build Reported By API

API weekly crude oil inventories: surprise, surprise, another build -- but look at the size of this build -- 6.55 million bbls;

• expectations - a small draw of 42,000 bbls 
• I love that "precision" -- 450 million bbls in storage (give or take a few million bbls) and analysts came up with a 42,000-bbl draw -- 42,000/450,000,000 = a nine with four zeroes in front of it before getting to the decimal point -- the AGW crowd would be pleased
• We'll have to wait until tomorrow morning to see what the EIA says

EIA confirms: US crude oil inventories surge by a whopping 8 million bbls. 

WTI: despite this massive build, WTI? Flat.

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Back to the Bakken

Wells coming off the confidential list today:
Wednesday, January 23, 2019

• 34197, 2,086, CLR, Norway 9-5H2, Fancy Buttes, t11/18; cum 10K 11/18; 
• 33643, IA/n/d, CLR, Ransom 5-20H2, 33-053-08052, 8.7 million gallons water, 90.1% water by mass; Elidah, t--; cum --;  

Tuesday, January 22, 2019

• 34879, 1,066, Newfield, Berg Federal 149-97-30-31-4H, 33-053-08527, 9.8 million gallons water; 92% water by mass;Haystack Butte, t11/18; cum 13K after 17 days;
• 34878, 734, Newfield, Berg Federal 149-97-30-31-5H, Haystack Butte, t11/18; cum 9K after 16 days; 
• 34613, SI/NC, WPX, Benson 3HC, 33-053-08425, no frack data at FracFocus as of 11/18; Squaw Creek, no production data, 
• 34476, 386, Lime Rock Resources, Laura Sadowsky 2-1-36H-142-96, 33-025-03437, 9.1 million gallons, 92.9% water by mass; Manning, t7/18; cum 42K 11/18;
• 34475, 389, Lime Rock Resources, Laura Sadowsky 3-1-36H-142-96, Manning, t7/18; cum 47K 11/18;
• 23939, drl, XTO, FBIR Ironwoman 21X-10E, Heart Butte,

Active rigs:

$52.66	1/23/2019	01/23/2018	01/23/2017	01/23/2016	01/23/2015
Active Rigs	63	57	38	47	157

Seven new permits:

• Operators: Equinor (4): EOG (2); Slawson
• Fields: Bull Butte (Williams); Parshall (Mountrail); Big Bend (Mountrail)
• Comments: Slawson has a permit for a Moray Federal well in 21-151-92; EOG has permits for a 2-well Austin pad in section 9-154-90; and Equinor has permits for a 4-well Sam pad in 30-156-102 (Bull Butte)

Three permits renewed:

• BTA: a 20002 Agate permit in Golden Valley County
• Crescent Point Energy: a CPEUSC Lowe permit in Williams County
• Lime Rock Resources: a Schneider permit in Dunn County

One permit canceled:

• EOG: a Clarks Creek permit in McKenzie County