Slawson With One New Permit; Zavanna Renews Seven Permits; Slawson Cancels One Permit; Two DUCs Reported As Completed -- August 25, 2022

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,