WTI Trending Higher; Active Rigs In North Dakota Holding Steady; Five New Permits -- January 9, 2019

Gasoline demand, link here:

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;

EOG temporarily abandoned two West Clark wells in McKenzie County; and a Fertile well in Mountrail County

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;