No Daily Activity Report Published Today -- November 19, 2019

Perhaps the Bakken is closed.

Until further notice.

CLR's Long Creek Unit: On another note, today I noted on the NDIC GIS map that there are two rigs operating in CLR's Lone Creek "60-well" unit. The original plan, according to CLR, was to drill out the 60 wells using only one rig. Today, I noted two rigs in the Long Creek Unit. It's possible the graphic lags what is really going on in the field, and possibly there is still just one rig operating there, but the NDIC GIS map shows two today. One rig is on #36760. The five rigs on that particular pad are all on drl status.

The other rig is on #36866; that location and #36865 on that particular 5-well pad are on drl status; the other three are still loc only.

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Great News For Texas, North Dakota, Oklahoma, New Mexico

California is one step closer to banning all oil drilling in their state. California has seen a steady decline in crude oil production since 1985, and is now down to about 450,000 bopd. In August, 2019, production was down to 439,000 bopd. The state imports much (most?) of its oil from Saudi Arabia, or at least it did at one time.

The state of California is currently investigating the high price of gasoline in their state compared to the rest of the country. I believe California's daily crude oil demand was around 1,900,000 bopd back in 2017.

Norway's Johan Sverdrup will easily make up the difference if when California bans all oil drilling.

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API Weekly US Crude Oil In Storage

A build of 5.954 million bbls. Analysts had expected a much smaller build: 1.543 million bbls.