Sixty-Six Rigs; Six New Permits; WTI Just Under $60 -- March 19, 2019

API weekly crude oil inventory: "surprise" draw. Link here. A draw of 2.133 million bbls; forecast? A build of 309,000 bbls.

WTI: did not break through psychological ceiling of $60.

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Active rigs:

$59.08	3/19/2019	03/19/2018	03/19/2017	03/19/2016	03/19/2015
Active Rigs	66	58	47	32	107

Six new permits:

• Operators: XTO (5); Whiting
• Fields: Capa (Williams); Alkali Creek (Williams); Big Bend (Mountrail)
• Comments:
• XTO has permits for a 5-well Allie pad in Alkali Creek/Capa , section 24-155-95
• Whiting has a permit for a Sorenson well in lot 4, section 3-152-91, Big Bend oil field

Four permits renewed:

• Whiting (3): three Roggenbuck permits in Mountrail County 
• Sinclair: a Nelson permit in Mountrail County

SIx producing wells (DUCs reported as completed):

• 34157, 728, XTO, Pelton Federal 11X-35H2, Bear Creek, t2/19; cum --;
• 34159, 277, XTO, Pelton Federal 11X-35GXH, Bear Creek, t2/19; cum --;
• 34161, 490, XTO, Pelton Federal 11X-35G2, Bear Creek, t1/19; cum --;
• 34160, 85, XTO, Pelton Federal 11X-35F, Bear Creek, t1/19; cum --;
• 34158, 336, XTO, Pelton Federal 11X-35D, Bear Creek, t1/19; cum --;
• 34160, 320, XTO, Pelton Federal 11X-35C, Bear Creek, t1/19; cum --; 

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Sloop John B, Brian Wilson, Al Jardine, 2016