WTI Finishes Down Over 1% Today Despite "Saber-Rattling" In The Mideast -- May 13, 2019

Fake news: from oilprice.com earlier today --oil prices jumped on Monday on news that two Saudi oil tankers were supposedly attacked near the Persian Gulf, raising fears that supply may be at risk. In fact, WTI dropped 1.01%, trading barely above $61 at close of business today. Brent was down 0.55%. So much for hostilities in the Mideast -- at least today. Tomorrow is another day, to coin a phrase.

Active rigs:

$61.04	5/13/2019	05/13/2018	05/13/2017	05/13/2016	05/13/2015
Active Rigs	65	60	51	27	83

Nine new permits:

• Operators: BR (6); XTO (3)
• Fields: Clear Creek (McKenzie); Killdeer (Dunn County)
• Comments:
• BR has permits for a 9-well Glacierfill pad in section 16-151-96, Clear Creek oil field
• XTO has permits for a 3-well Beckert pad in section 7-145-94, Killdeer oil field

Four permits renewed:

• Whiting (2): two Carscallen permits in Williams County
• Equinor (2): two Raymond permits in McKenzie County

Nine producing wells completed:

• 34510, 3,114, MRO, Monteau USA 34-7H, Van Hook, t3/19; cum 42K 24 days;
• 34509, 1,416, MRO, McKinley USA24-7TFH, Van Hook, t3/19; cum 17K 19 days;
• 34507, 3,610, MRO, Burshia USA 14-7H, Van Hook, t3/19; cum 28K 16 days;
• 34508, 2,931, MRO, Dearborn USA 24-7TFH, Van Hook, t3/19; cum 8K 6 days;
• 34451, 2,946, MRO, Greybull USA 31-18TFH, Van Hook, t3/19; cum 33K 22 days;
• 34450, 4,038, MRO, Berry USA 21-18H, Van Hook, t3/19; cum 66K 28 days;
• 34045, 7,152, MRO, Gudmon 44-35TFH, Bailey, t3/19; cum 24K 6 days; see this post;
  
• 35516, 1,008, Newfield, Dahl 150-98-5-8-12H, Siverston, t4/19; cum --;
• 35391, 1,246, Newfield, Dahl 150-98-5-8-7H, Siverston, t4/19; cum --; 

Locations and completions:

• 34510: NENW 18-150-92; MB: 45 stages; 8.5 million lbs;
• 34509: NENW 18-150-92; TF1: 45 stages; 6.2 million lbs;
• 34507: NENW 18-150-92; MB: 45 stages; 8.4 million lbs;
• 34508: NENW 18-150-92; TF1: 45 stages; 6.5 million lbs;
• 34451: NENW 18-150-92; TF1: 45 stages; 6.4 million lbs;
• 34450: NENW 18-150-92; MB: 45 stages; 8. 4 million lbs;
• 34045: SWSE 35-146-94; TF1: 45 stages; 6.1 million lbs;
• 35516: Lot 1 5-150-98; 314 FNL 1048 FEL; MB: 62 stages; 7.2 million lbs;
• 35391: Lot 1 5-150-98; 314 FNL 1108 FEL; MB: 62 stages; 7.3 million lbs;

Draft -- needs to be checked:

File #	Fm	Oil	Days	30-day	MCF	30-day	MCF boe	TOTAL 30-day BOE
34045	TF1	23981	6	119,905	16566000	82830000	13,803	133,708
34450	MB	65945	28	70,655	52548000	56301429	9,382	80,037
34451	TF1	33182	22	45,248	29211000	39833182	6,638	51,886
34508	TF1	8406	6	42,030	15219000	76095000	12,680	54,710
34507	MB	27897	16	52,307	19100000	35812500	5,968	58,275
34509	TF1	17420	19	27,505	13290000	20984211	3,497	31,002
34510	MB	42318	24	52,898	30340	30340000	5,056	57,953