Thursday, February 27, 2020

WTI Drops Below $47; Down Almost 5% -- February 27, 2020

Headline: Saudis slash March, 2020, crude oil exports to China as demand slumps.

Gasoline demand, link here




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Back to the Bakken 

Active rigs:

$46.432/27/202002/27/201902/27/201802/27/201702/27/2016
Active Rigs5066574138

Two new permits today, #37414, - #37415, inclusive:
  • Operator: Kraken
  • Field: Lone Tree Lake (Williams)
  • Comments: 
    • Kraken has permits for a two-well Redfield Central pad in NENW section 25-157-99, Lone Tree Lake oil field.
Ten wells approved for confidential status:
  • Whiting: Ogden (3), Fladeland (2), Sondrol (1), Rauser (3), Harvey, (1).
No permits canceled.

No permits renewed.

No producing wells (DUCs) reported as completed:

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