BR WIth SIx New Permits -- July 29, 2020

Gasoline demand, link here:

Weekly EIA petroleum report, link here:

• US crude oil in storage: 526.0 million bbs; 17% above the five-year average;
• US crude oil in storage decreased by a whopping 10.6 million bbls from the previous week
• refineries operating at 79.5% operable capacity
• distillate fuel production increased last week, average 4.8 million bbls per day
• distillate fuel inventories increased slightly (0.5 mlliion bbls) and are about 26% above the five-year average, and well above the  summer average when stocks are usually at their lowest;
• jet fuel supplied was down 42.1% compared with same four-week period last year

Active rigs:

$41.11	7/29/2020	07/29/2019	07/29/2018	07/29/2017	07/29/2016
Active Rigs	12	60	62	61	35

Six new permits, #37750 - #37755, inclusive --

• Operator: BR
• Field: Pershing (McKenzie)
• Comments:
• BR has permits for a 6-well Kirklandfill / Morganfill pad in SWSE 21-150-96; Pershing oil field --
• 37750, 924' FSL 2383' FEL
• 37751, 909' FSL 2426' FEL
• 37752, 894' FSL 2458' FEL 
• 37753, 880' FSL 2511' FEL
• 37754, 865' FSL 2553' FEL
• 37755, 850' FSL 2596' FEL