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Tuesday, March 19, 2019

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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Back To The Bakken

Active rigs:

$59.083/19/201903/19/201803/19/201703/19/201603/19/2015
Active Rigs66584732107

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

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