WTI closes just below. Barely. What was the API data? Link here. Maybe here? The latter link says API data shows crude stocks up 1.9 million bbls week-over-week. Oilprice calls it a "surprise" build (it seems it is always a "surprise" over at oilprice): a build of 1.93 million bbls. Oh, well, now we wait to the EIA data to be released tomorrow.
- WTI: up over just under 2%; up $1.16; closed at $59.98
- Brent: up just under 1%; up 65 cents; closed at $67.46
- OPEC basket, not so much: closed down about 3/4th of a percent; down 48 cents; closed at $66.19
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Back to the Bakken
Major flooding in the Bakken. Link here.
Active rigs:
$59.98 | 3/26/2019 | 03/26/2018 | 03/26/2017 | 03/26/2016 | 03/26/2015 |
---|---|---|---|---|---|
Active Rigs | 68 | 59 | 49 | 32 | 99 |
Note: number of active rigs now compared with number of active rigs in 2016 and 2017.
Six new permits:
- Operator: Slawson
- Field: Big Bend (Mountrail County)
- Comments:
- Slawson has permits for a 6-well Osprey Federal pad in Big Bend oil field in section 26-151-92 (It looks like these permits replace six permits previously canceled.)
- Oasis: five DomaLakes perits in Burke County renewed
- Petro-Hunt: a USA permit in McKenzie County canceled
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