Hess With Six New Permits; Six DUCs Reported As Completed -- December 6, 2022

US power demand / usage: to hit all-time record this year (2022). Link here.

Ban on Russian crude could be more effective than predicted, link here.

• earlier, we posted:
• Saudi's oil policy: Saudi first"
• India: free-for-all among Iraq (#1), Saudi (#2), Russia (distant third -- until December 5th)
• China: Saudi's #1 customer; Saudi won't cede China to Russia
• get out the popccorn 
• baseline here;

**************************
Back to the Bakken

Active rigs: 43.

WTI: $74.25. (D5S+1 = December 5th sanctions + 1 day)

Natural gas: $5.469.

Six new permits, #39463 - #39468, inclusive:

• Operator: Hess
• Field: Sorkness (Mountrail)
• Comments:
• Hess has permits for six wells, NENE 15-157-93; three EN-Bakk wells and three EN-Erickson wells
• to be sited 469 FNL and between 582 FEL and 747 FEL

Six producing wells (DUCs) reported as completed:

• 38818, 1,138, CLR, Bonnevillle 10-23H1,
• 38817, 1,263, CLR,  Bonneville 11-23HSL,
• 38858, 1,157, WPX, Samuel Packineau 8HL,
• 38435, 2,474, WPX, Wounded Face 14-15HW,
• 38436, 1,543, WPX, Wounded Face 14-15HEL,
• 38604, 376 (no typo),WPX, Samuel Packineau 8HX,