No New Permits; Enerplus Renews Six Permits -- November 1, 2022

API data: link here.

• missing bbls?
• SPR release?
• EIA shenanigans in summer, 2022? 
• how do you get from an expectation of a quarter-million bbl build to an-almost seven-million bbl draw?
• my hunch: analysts were using 50 US states as the basis when in fact there are 57 (per President Obama) or 54 (per President Biden)
  

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Back to the Bakken

WTI: $88.37

Natural gas: $5.714.

Active rigs: 41.

No new permits.

Six permits renewed:

• Enerplus: six FB Clinton permits in Dunn County, #35508 - #35513, inclusivee.

Two permits canceled:

• two very old SWD permits

One producing well (a DUC) reported as completed:

• 36183, n/d, XTO, Olaf 42X-11H, Capa, minimal production;