NDARC Down To Thirteen -- May 15, 2020

NDIC Director's Cut scheduled for release later today, 2:00 p.m. Link here. 

OPEC basket price, link here: $24.93.

Elsewhere:

Saudi tankers to the US: more then 30 tankers to the US scheduled for May, June. The more-than 50 million barrels of Saudi crude on the water threaten to disrupt a positive supply development: U.S. crude stockpiles declined for the first time since January and inventories at the Cushing, Oklahoma storage hub contracted by the most in months. Bloomberg via Rigzone.

RBN Energy: crude export volumes key to balancing market.

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Back to the Bakken

Two wells coming off the confidential list today  --  Friday, May 15, 2020: 48 for the month; 98 for the quarter, 325 for the year:

• 35385, SI/A, CLR, Palmer 5-25H1, Haystack Butte, t--; cum 4K over 5 days;
• 35382, SI/A, CLR, Palmer Federal 10-25H, Haystack Butte, t--; cum 69K over 32 days;

Note: the CLR Palmer / Palmer Federal wells are going to be huge wells; they are tracked here. 

Active rigs:

$28.56	5/15/2020	05/15/2019	05/15/2018	05/15/2017	05/15/2016
Active Rigs	13	65	59	51	27