OPEC Basket Still Below $20 -- WTI At $24 -- ND Rig Count At 24; Seventeen Permits Renewed -- May 5, 2020

API weekly inventory:

• consensus: 8.125 million bbls (note the false precision)
• actual: 8.440 million bbls

$30-WTI: two major Permian operators say they could re-start operations if WTI gets back to $30; Parsley, Diamondback; 

OPEC Basket, link here: $18.36.

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Back to the Bakken

NDIC daily activity report: again, a lot of formatting errors; also --

• a typographical error? "Rimrock Oil & Gas Williston LLV (sic),
• generally new permits that show up on the daily activity report, are also available at the NDIC scout ticket site; the five new permits posted today do not yet show up at that site; 

Active rigs:

$24.56	5/5/2020	05/05/2019	05/05/2018	05/05/2017	05/05/2016
Active Rigs	24	64	62	50	27

Five new permits, #37554 - #37558, inclusive --

• Operators: CLR (4); Oasis (1)
• Field: Fancy Buttes (McKenzie); Dimmick Lake (McKenzie); Enget Lake (Mountrail)
• Comments
• CLR has permits for a 4-well Norway pad in Lot 4, section 5-150-96, Dimmick Lake/Fancy Buttes; all 270' FNL and about 950' FWL,
• Oasis has a permit for a Grad well in SENE 23-158-93, Enget Lake, 2022' FNL 270' FEL;

Seventeen permits renewed:

• BR (13): seven Abercrombie permits; one Aberlid permit; two Shafer permits; two Sandie permits; and one Ole permit, all in McKenzie County;
• EOG (2): two Clarks Creek permits, both in McKenzie County;
• Rimrock (2): two Skunk Creek permits in Dunn County;