CLR With Six New Permits -- August 24, 2022

WTI: $95.31. Diesel climbs for first time in two weeks.

SNOW: up $33 market closes; earnings surged.

• Warren Buffett should be relieved.
• P/E? Greater than 1,000x forward earnings.
• Note: all iCloud / all software
• Apple is huge in this same sector.
  

NVDA; big earnings miss.

• EPS: 51 cents vs $1.26 anticipated
• CEO still blames the supply chain; getting a bit tiresome.
  

Natural gas: $9.220.

Narrative starting to change?

CVX: negative all day, finally jumps a bit at the close. Same with OXY. 

US crude oil: supply in days -- drops below 26 days again; at 25.9 days.

Gasoline demand, EIA data:

• this week's report was released;
• the gasoline demand graph has not been updated
• the numbers are changed / updated from last week, but the graphic itself is not yet updated (3:30 p.m. CT)
• it appears this data point should slump a bit in this report based on most recent data point

This hurts, link here. 

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Back to the Bakken

WTI: $95.24.

Natural gas: $9.250.

Active rigs: 46.

Six new oil and gas permits, #39193 - #39198, inclusive:

• Operator: CLR.
• Field: Dollar Joe (Williams)
• Comments:
• CLR has permits for three Allen wells and three Boe permits, all in section NWNW 16-155-96; 
• to be sited 430 FNL and between 575 FWL and 800 FWL