WTI Surges -- October 19, 2022

Diesel: finally, someone provides "US diesel, in days of supply." The number: 25. Now, to find EIA source.

OKE: declared quarterly dividend for 4Q22; unchanged from previous quarter. OKE has not changed its dividend since 1Q20.

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Back to the Bakken

Active rigs: 43.

WTI: $85.87. Surges 3.68% after President Biden speaks; up $3.05 / bbl.

Natural gas: $5.444 (down slightly).

Eight new permits. #39317 - #39324, enclosed:

• Operators: Grayson Mill (4): Oasis (4)
• Fields: Painted Woods (Williams); Todd (Williams)
• Comments:
• Grayson Mill has permits for four Marilyn wells, lot 5-section 31-155-102, to be sited 1703 FNL and between 322 FWL and 412 FWL;
• Oasis has permits for three Osprey wells, and one Harrier well, SESE 23-154-101, to be sited between 681 FSL and 708 FSL and betweeen 1010 FEL and 1070 FEL

Please note that it appears the three Oasis Osprey wells were previously permitted; the original ones (#39117 - #39119) were permitted August 1, 2022, but slightly different spud sites.

One producing well (a DUC) reported as completed:

• 37368, 568, Petro-Hunt, Estby 159-94-35C-26-3H,