Jet fuel: readers of the blog have noted US jet fuel pricing over the past few weeks. Screenshot from oilprice today:
Comment: if the trend for WTI continues (and the tea leaves suggest the trend will continue) it's very possible that folks who have been accumulating shares in publicly traded oil companies over the past few weeks may have done the right thing. I don't know. I'm not following the market, but the move over the past few days has been quite remarkable. Someone must be making some money.
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Peak ... what? Peak ...? See Mark Perry today. LOL.
Active rigs:
$52.36 | 1/9/2019 | 01/09/2018 | 01/09/2017 | 01/09/2016 | 01/09/2015 |
---|---|---|---|---|---|
Active Rigs | 64 | 53 | 37 | 58 | 167 |
Five new permits:
- Operators: XTO (4); Whiting
- Fields: North Fork (McKenzie); Elk (McKenzie)
- Comments: XTO has permits for a 4-well Badlands Federal pad in 13-149-97; Whiting has a permit for Nelsen welll in lot 4, section 2-151-102;
One permit renewed: a Whiting permit in Williams County
Two producing wells (DUCs) reported as completed:
- 34710, 2,048, Whiting, Vance 11-17-4H, Truax, t12/18; cum --;
- 34706, 1,302, Whiting, Vance 11-17H, Truax, t12/18; cum 1,230 bbls over two days which extrapolates to 18,450 bbls over 30 days; #22189;
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