Crude Oil Build More Than Expected -- API; Two Wells Released From Confidential List; Petro-Hunt With Two New Permits -- February 19, 2020

Weekly API crude oil inventory report:

• forecast: a build of 2.494 million bbls (note the false precision)
• actual: another surprise -- every week, it seems, the report is a surprise, usually on the up-side
• actual: 4.16 million bbls

WTI: up another 48 cents; back to nearly $54.

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Back to the Bakken 

Active rigs:

$53.70	2/19/2020	02/19/2019	02/19/2018	02/19/2017	02/19/2016
Active Rigs	56	66	56	40	38

Two permits, #37393 - #37394, inclusive:

• Operator: Petro-Hunt
• Field: East Tioga (Mountrail)
• Comments:
• Petro-Hunt has permits for two Blikre wells in NWNW 13-158-94, East Tioga

Two wells came off the confidential list (actually came off earlier, reported today):

• 36198, SI/NC, MRO, Parmeter 14-21H, Murphy Creek, producing, t--; cum 83K over 4.5 months;
• 36617, SI/NC, MRO, Easton 44-20H, Murphy Creek, producing, t--; cum 77K over 4.4 months; 

No permits renewed.

No permits canceled.

Four producing wells (DUCs) completed:

• 30536, n/d, Slawson, Wolf 1 SLH, Big Bend, t--; cum --;
• 35699, n/d, Slawson, Mole 6-20TFH, Big Bend, t--; 4K over 7 days; 
• 31491, n/d, Petro-Hunt, USA 153-95-1A-7-4H, Big Bend, t--; 5.6 K over 7 days;
• 35698, n/d, Slawson, Mole 7-20TFH, Big Bend, t--; cum --;