XTO With Five New Permits; Another Nice Draw In Crude Oil Inventory -- API -- January 7, 2020

API weekly crude oil data, link here, report released at 16:30 ET:

• previous (previous week): a draw of 7.8 million bbls (API figure)
• EIA forecasts a drop of 3.6 million bbls when it reports tomorrow;
• API report released today, actual inventory: a draw of 5.945 million bbls;
• price of oil moved little today
• some say the relatively large draw in crude oil was offset by a huge build in gasoline supplies;
• we'll see all that EIA data tomorrow

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Back to the Bakken

Active rigs:

$62.70	1/7/2020	01/07/2019	01/07/2018	01/07/2017	01/07/2016
Active Rigs	56	64	54	39	54

Six new permits, #37310 - #37315, inclusive --

• Operators: XTO (5); MRO
• Fields: North Fork (McKenzie); Killdeer (Dunn)
• Comments: 
• XTO has permits for a 5-well Wolff Federal pad in section 24-149-98, Haystack Butte oil field;
• MRO has a permit for a single Gunter well in section 9-145-94, Killdeer oil field;

Two permits renewed:

• CLR: two Entzel permits, both in Dunn County

Fifteen (15) producing wells (DUCs) reported as completed:

• 35259, 3,103, Hess, BB-Olson-150-95-09H-8, Blue Buttes, t11/19; cum 14K over 6 days;
• 34880, 3999, Hess, AN-Norby-152-94-0409H-6, Antelope-Sanish, t11/19; cum 10K over 7 days;
• 34881, 3,544, Hess, AN-Norby-152-94-0409H, Antelope-Sanish, t11/19; cum 23K over 13 days;
• 35335, 2,030, Hess, EN-Ruland A-155-94-1201H-4, Manitou, t12/19; cum --;
• 35337, 1,062, Hess, EN-Dobrovolny A-LE-155-94-1319H-1, Alger, t11/19; cum 7K over 8 days;
• 31500, 1,371, Petro-Hunt, USA 153-95-1B-7-7H, Charlson, t12/19; cum --;
• 31499, 1,660, Petro-Hunt, USA 153-95-1B-7-6H, Charlson, t12/19; cum --;
• 31497, 1,657, Petro-Hunt, USA 153-95-1B-7-4H, Charlson, t12/19; cum 13K over 10 days;
• 36366, 1,906, Newfield, Hoffmann 150-98-17-20-6H, Siverston, t11/19; cum 57K over 28 days;
• 36368, 560, Newfield, Hoffmann 150-98-17-20-5HLW, Siverston, t11/19; cum --;
• 36369, 2,397, Newfield, Hoffmann 150-98-18-19-5H, Siverston, t11/19; cum 16K over 13 days;
• 36367, 2,490, Newfield, Hoffmann 150-98-17-20-10HLW, Siverston, t11/19; cum 36K over 17 days;
• 36370, 2,022, Newfield, Hoffmann 150-98-18-19-10H, Siverston, t11/19; cum 22K over 20 days;
• 36316, 35, PetroShale, Anderson North 1MBH, Croff, t9/19; cum 24K over 26 days;
• 36317, 584, PetroShale, Anderson North 1TFH, Croff, t10/19; cum 14K over 25 days;