Damn The Torpedoes -- Full Speed Ahead -- CLR With Eight New Permits -- April 28, 2022

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