Whoo-hoo! WTI Flirting With $63-Oil -- April 2, 2019

Weekly API crude oil data: a "surprise" build; I'm shocked, shocked --

• forecast: a draw of 425,000 bbls (note the false precision)
• actual: a build of 3.0 million bbls (I'm shocked, shocked!)

Platts forecast, posted earlier:

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Back to the Bakken

Active rigs:

$62.74	4/2/2019	04/02/2018	04/02/2017	04/02/2016	04/02/2015
Active Rigs	65	60	50	29	94

Twelve new permits:

• Operators: Enerplus (10); WPX; Hess
• Fields: Mandaree (Dunn); Squaw Creek (Dunn); McGregory Buttes (Dunn); Spotted Horn (McKenzie);  Baskin (Mountrail)
• Comments: 
• Enerplus has permits for a 2-well "Salmon/Sturgeon" pad in section 3-148-94; Squaw Creek
• Enerplus has permits for a 8-well "African" pad in section 3-148-94, in McGregory Buttes and Mandaree oil fields (see graphic below)
• WPX has a permit for a single Pheasant well in section 4-149-94, in Spotted Horn, on the reservation
• Hess has a permit for another EN-Chamley well in lot 3, section 5-156-93, in Baskin oil field

One producing well (DUC) reported at completed but still shows up as a DUC:

• 34846, SI/NC, CLR, Patterson Federal 8-13HSL1, Banks, no production data, Three Forks Bench 1, 2560-acre spacing;

The graphic (see Enerplus 8-well "African" pad noted above); in the graphic, I call it a 10-well "African" pad but noting above that the pad has a Sturgeon well and a Salmon well, both of which will run into Squaw Creek, which seems to make sense, two fish "running" into a creek:

Disclaimer: in a long note like this, there will be typographical and factual errors. The graphic may be completely wrong. Proposed pad location is not drawn to scale and may be incorrectly placed. If this information is important to you, go to the source.

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One Million Tulips, Waxahachie, Texas

March - April

First Year Open To The Public: 2019

Planted, October, 2018

Links:

• first-ever
• one million bulbs (we had lunch with the "developer"; pictured in the video; he looks just like his picture); Thijs van Zaal;
• Facebook
• Kubota