Unexpected Jump In US Crude Oil Inventories; Five New Permits In North Dakota; Six DUCs Reported As Completed -- November 5, 2019

US crude oil in storage, API:  "surprise build." It's always a surprise. LOL. A build of 4.26 million bbls; forecast: 1.515 million bbls. WTI not affected.


Active rigs:

$57.23	11/5/2019	11/05/2018	11/05/2017	11/05/2016	11/05/2015
Active Rigs	55	65	55	37	67

Five new permits, #37155 - #37159, inclusive:

• Operators: MRO (4); North Range Resources
• Fields: Grassy Butte (McKenzie); Killdeer (Dunn County)
• Comments:
• MRO has permits for a 4-well pad in Killdeer oil field (Lowry/Helseth/Gunvaldson/Gustav); section 9-145-94; Killdeer oil field
• North Range Resources has a single permit, a Placid permit in Grassy Butte oil field, section 36-146-100;

Two permits renewed:

• SHD: a Mufasa permit and a Rocky permit, both in McLean County

Six producing wells (DUCs) reported as completed:

• 35983, 2,543, Bruin, Wm Johnson 157-93-3B-10-4B, 42 stages; 14.5 million lbs; FracFocus does not display data yet, Lone Tree Lake, t8/19; cum 42K after 30 days;
• 26818, 2,729, Bruin, Wm Johnson 157-93-3B-10-3B, Lone Tree Lake, t9/19; cum 19K after 15 days;
• 26816, 2,722, Bruin, Wm Johnson 157-93-3B-10-2B, Lone Tree Lake, t9/19; cum 22K after 17 days;
• 36192, 2,248, Bruin, Wm Johnson 157-93-3B-10-1T, Lone Tree Lake, t8/19; cum 30K after 30 days;
• 35984, 2,351, Bruin, Wm Helstad 157-99-34C-27-4B, 57 stages; 15.1 million lbs; FracFocus does not display data yet; Ellisville, t9/19; cum 25K after 19  days;
• 26817, 2,586,  Bruin, Wm Helstad 157-99-34C-27-3B, 57 stages; 15.1 million lbs; FracFocus does not display data yet;, Ellisville, t9/19; cum 35K after 23 days; no data yet for neighboring well #21040, Helstad ....34D-27-1H.