Crescent Point Energy WIth Six New Permits -- October 6, 2020

WTI: well, so much for that short rally; WTI drops back 2% after "larger than expected build" reported. Wow, what a joke:

• API data
  
• analyst expectations: a build of 400,000 bbls:
• reported: a build of 951,000bbls
• one million bbls / 500 million bbls = 0.002 = 0.2%
• and that's a headline story. Whatever.
• I saw the headline, "larger than expected build," and I was thinking, two million, four million, and then that -- 951,000 bbls
• at this post, 95 weeks of EIA data -- US crude oil in storage -- change week-over-week -- one can count on one hand builds/withdrawals this low -- enough of this; time to move on
  

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Back to the Bakken

Active rigs:

$39.85	10/6/2020	10/06/2019	10/06/2018	10/06/2017	10/06/2016
Active Rigs	12	58	64	59	33

Six new permits, #37882 - 37887, inclusive:

• Operator: Crescent Point Energy
• Field: Winner oil field (Williams County)
• Comment: Crescent Point Energy has permits for six wells on the Burgess/Sylven pad in SESW 11-158-100, Winner oil field, 380' FSL and from 2300' to 2425' FWL

Two permits renewed:

• Rimrock: a Two Shields Butte permit in Dunn County
• Southwestern Production Corp: a TMW permit in Billings County

Southwestern Production Corp:

• NDIC well search:
• about fifty file numbers, all in Tracy Mountain
• target: Tyler formation