Hess With Seven New Permits; Whiting With Three New Permits -- June 18, 2019

API:

• forecast: a moderate draw of 2.033 million bbls
• actual: a draw of only 812,000 bbls
• in the big scheme of things: no change
• false precision: forecast and actual measure to the near thousand bbls
• validation: tomorrow with the EIA data
• WTI: closes over $54 -- closing at $54.08

Giving back to the community: I'm waiting for the renewable energy sector to make similar announcements:

Active rigs:

$53.27	6/18/2019	06/18/2018	06/18/2017	06/18/2016	06/18/2015
Active Rigs	62	64	57	28	78

Ten new permits:

• Operators: Hess (7); Whiting (3)
• Fields: Manitou (Mountrail County), Glass Bluff (McKenzie)
• Comments:
• Hess has permits for a seven-well EN-Anderson pad in section 7-156-94, Manitou oil field; it appears that all seven may be "section line" wells (not sure about this, but all seven have "LE" in their legal name)
• Whiting has permits for a three-well Erickson pad in section 26-152-103, Glass Bluff oil field;

Seven permits renewed:

• Kraken (4): a Rat Lake, a Knife River, a Sikes, and a Liberty permit, all in Mountrail County
• Slawson (2): two Nightmaker permits, Mountrail County
• RimRock: a Moccasin Creek permit in Dunn County