Active Rigs Up To Recent All-Time High Of 37; One New Permit; Three DUCs Reported As Completed -- April 7, 2022

Inelastic demand: in what appears to be a "bear market," Hershey chocolate traded at an all-time high today, closing near the intra-day high.

Hulu: a bit of the Masters -- looping tonight -- before I get back to Cheers. I have just started the second season. More on this later, perhaps. 

The Book Page: I've almost completed Sebald's The Rings of Saturn. I cannot believe how good it really is. I don't think it's for many but for those who like "Virginia Woolf writing," this is outstanding. Maybe more later.

Sports:

• PGA: I was quite impressed with the Masters coverage today. Maybe more on this later.
• best thing so far: haven't had to listen to Brandel Chamblee at all so far today; 
  
• MLB: opening day. The only team that matters to me right now are the St Louis Cardinals and they won their opener, 9 - 0, I believe.

LNG projects, link here:

• FERC grants extension:
• SRE building two pipelines in Texas and Louisiana
• to connect to its Port Arthur, TX, LNG plant
• NextDecade seeks FERC extension
• proposed Rio Grande LNG project in Brownsville, TX

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Back to the Bakken

Active rigs:

$96.84	4/7/2022	04/07/2021	04/07/2020	04/07/2019	04/07/2018
Active Rigs	37	15	36	62	58

One permit approved, #38874:

• Operator: Iron Oil Operating;
• Field: Sather Lake (McKenzie County)
• Comments: 
• Iron Oil has a permit for a Antelope well in SWNW 2-148-102, 
• to be sited 1050 FNL and 355 FWL;

Three producing wells (DUCs) reported as completed:

• 38460, 620, Iron Oil, Antelope 4-17-20H,
• 38461, 804, Iron Oil, Antelope 5-17-20H,
• 38614, 1,215, Grayson Mill, Garmann 19-18F 8TFH,