Gasoline Demand Up Nicely -- End-Of-Day Report -- August 17, 2022

What we're all waiting for today, gasoline demand, link here:

The data supports the thesis that we've discussed on the blog. If the thesis is accuraet, all things being equal, we should see continued upward trajectory for one, maybe, two more weeks. 

Natural gas: this pretty much says it all -- Europe's energy crisis seems to be getting worse every day --

Stock making biggest move after-hours: Cisco.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. Full disclaimer at tabbed link.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

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Back to the Bakken

WTI: $88.03. Up nicely today; about 1.75%; up about $1.50.

Natural gas: where all the action will be through then end of this year, down about 1%; trading at $9.226.

Active rigs: 47

Eight new permits, #39171 - #39178, inclusive:

• Operators: Liberty Resources (4); CLR (3); Hunt
• Fields: Enget Lake (Mountrail County); Dollar Joe (Williams County); Divide County (a SWD)
• Comments:
• Hunt's SWD will be in Alexandria oil field, Divide County;
• Liberty Resources with permits for two Alton wells and two Sylvia permits, all in SWNW 16-158-93; 
• to be sited between 2128 FNL and 2233 FNL and all at 455 FWL;
• CLR has permits for three Clyde Hause wells, in SESE 12-155-97; 
• to be sited 350 FSL and between 946 FEL and 856 FEL.

Five permits canceled:

• Hess (3): three SC-JW Hamilton permits in Williams County;
• Oasis (2): one McCowan permit and one Erickson permit, both in Burke County;

Eight producing wells (DUCs) reported as completed:

• 34313, 3,377, XTO, Arlene Feederal 44X-23B, North Fork, first production, 6/22; t--; cum 19K over 13 days;
• 34315, 3,526, XTO, Arlene Feederal 44X-23C, North Fork, first production, 6/22; t--; cum 26K over 14 days;
• 36627, 2,901, XTO, Arnold 21X-17H, Tobacco Garden, first production, 5/22; t--; cum 90K over 57 days;
• 36628, 2,113, XTO, Arnold 21X-17G, Tobacco Garden, first production, 5/22; t--; cum 78K over 57 days;
  
• 38408, 920, Whiting, Fred TTT 12-25XH, Sanish, no production data,
  
• 38452, 2,287, Slawson,Howitzer 3-25H, Big Bend, no production data,
  
• 37483, 0 (no typo; typical for BR), BR, F Jorgenson 1A TFH, Elidah,
  
• 37481, 0 (no typo; typical for BR), BR, F Jorgenson 1C TFH, Elidah,