Oil surges late in day:
- Brent: up 2%; up $2.10; trading at $107.40
- WTI: up 3.3%; up $3.34; trading above $105
- my hunch: strong talk by Pelosi / Schumer today to stymie oil production in this country will result in yet higher prices; a surge like this does not suggest a significant or long-lasting recession.
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Back to the Bakken
Active rigs:
| $105.40 | 4/28/2022 | 04/28/2021 | 04/28/2020 | 04/28/2019 | 04/28/2018 |
|---|---|---|---|---|---|
| Active Rigs | 36 | 16 | 30 | 64 | 62 |
Eight new permits, #38907 - #38914, inclusive:
- Operator: CLR
- Fields: Pleasant Valley (Williams); Beaver Lodge (Williams),
- Comments:
- CLR has permits for eight McClintock wells;
- two will be sited in NENE 24-156-95;
- the other six in SESW 13-156-95;
- the two in the NENE quadrant will be sited 260 FNL and between 647 FEL and 602 FEL;
- the six in the SESW quadrant will be sited 335 FSL and between 1338 FWL and 1563 FWL.
Two permits renewed:
- BR: a Catalina permit in Dunn County, and a Croff permit in McKenzie County
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