WTI; $96.30.
- having come up a bit off its low for the day, this suggests:
- recession worries were the initial reason for the price of oil dropping;
- now, the price of WTI is probably as much about the strength of the dollar as anything else
- it will be interesting to see how traders "see" Biden's trip to the mideast
Natural gas: $6.689
NDIC GIS map server: remains in-op.
Active rigs: 45 or thereabouts. NDIC repoorts 46 active rigs; at least one is SWD.
Three new permits, #39083 - #39085, inclusive:
- Operator: CLR
- Field: West Capa (Williams)
- Comments:
- CLR has permits for three Woodrow permits in SESW 32-155-96,
- to be sited 365 FSL and between 1935 FWL and 2025 FWL
Four permits cancceled:
- Enerplus: four WM Brown permits, Williams County
One producing well (a DUC) reported as completed:
- BR, 0 (no typo; not unusual for BR), Outlaw Gap 34-23TFH,
Six dry holes reported:
- information pending
- obviously not "dry" in the sense that there is no oil there;
- we've discussed similar situations before
- scout tickets / file reports do not yet reflect this information;
- Oasis:
- 34133, dry, Borden Federal ...
- 34132, dry, Borden Federal ...
- 31654, dry, O M Erickson ...
- 35613, dry, A Johnson ....
- CLR:
- 37446, dry, Irgens Rexall ...
- 37292, dry, Irgens Rexall ...
