Crisis: link here. I do not share the concern. The y-axis is compressed. There is a 20+ day of SPR supply and a 26+ day of commercial crude oil supply. Natural gas inventories are still within five-year range.
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Back to the Bakken
WTI: $93.05. Bellwether CVX was up $1.41 / share today, up almost a percent, trading just under $165.
Natural gas: $9.368, up slightly.
Active rigs: 46.
One new permit, #39200:
- Operator: Slawson
- Field: Big Bend (Mountrail)
- Comments:
- Slawson has a permit for a Voyager well in NENE 33-152-92;
- to be sited 250 FNL and 1100 FEL
Seven permits renewed:
- Zavanna: seven Hunter permits, McKenzie County.
One permit canceled:
- 37240, Slawson, Loon Federal 1 SLH, Mountrail County;
Two producing wells (DUCs) reported as completed:
- 37240, 0, BR, F Jorgenson 1E TFH,
- 36246, 150, BR, Maverick 2E TFH,
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