There It Is: $80 After-Hours; Biden Administration To Sell 26 Million More Barrels From The SPR -- February 13, 2023

I missed the memo. LOL.

The last memo I had from the Biden administration:

• no more sales from the SPR;
• time to start refilling when WTI drops to $72.

But now, this is being reported. I have an idea what's going but I grow tired of the pushback so I will keep my thoughts to myself.

Links are everywhere, most without a paywall, unlike the one below. The release is required by congressional mandate, a law passed in 2015. 

Link here.

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Back to the Bakken

Active rigs: 45. 

WTI: $80.14.

Natural gas: $2.405.

Four new permits, #39654 - #39657, inclusive:

• Operator: Hess
• Field: Wheelock (Williams)
• Comments:
• Hess has permits for four Bergstrom wells, NWNW 27-156-98; 
• to be sited 610 FNL and between 384 FWL and 483 FWL;

Three producing wells (DUCs) reported as completed:

• 38537, 3,005, MRO, Porter 31-18TFH, Bailley, t--; cum 151K 12/22;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2022	30	8232	8116	15656	9039	7700	113
BAKKEN	11-2022	27	12050	12089	25232	11514	10169	213
BAKKEN	10-2022	31	17535	17453	30725	21943	18631	1247
BAKKEN	9-2022	30	20010	19946	24100	20883	20074	102
BAKKEN	8-2022	31	24362	24306	29608	21209	20176	282
BAKKEN	7-2022	28	22790	22787	47691	19329	18378	262
BAKKEN	6-2022	29	26488	26723	47420	21034	20026	254
BAKKEN	5-2022	18	30363	29943	58391	25717	22783	1019

• 38538, 2,788, MRO, Annabelle 21-18H, Bailey, t--; cum 165K 12/22;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2022	31	5977	5874	7613	4021	3137	46
BAKKEN	11-2022	28	8102	8004	8307	4693	3895	82
BAKKEN	10-2022	24	6217	6327	7073	4780	3827	256
BAKKEN	9-2022	30	16084	16026	24209	14039	13496	67
BAKKEN	8-2022	30	18984	19051	20037	17581	16701	258
BAKKEN	7-2022	28	31185	31181	30031	25253	24003	350
BAKKEN	6-2022	30	36146	36473	48142	30035	28607	381
BAKKEN	5-2022	29	41928	41348	87485	31089	27752	763

•  38539, 4,545, MRO, Eliza 21-18TFH, Bailey, t--; cum 165K 12/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2022	30	4433	4434	7169	7034	6238	91
BAKKEN	11-2022	26	8658	8712	12197	12093	10993	230
BAKKEN	10-2022	31	13747	13694	27688	17146	14554	974
BAKKEN	9-2022	30	16459	16442	24747	18093	17373	108
BAKKEN	8-2022	30	23530	23523	33272	23330	22185	319
BAKKEN	7-2022	28	27757	27745	47905	23634	22561	227
BAKKEN	6-2022	30	30977	31302	52238	25967	24706	362
BAKKEN	5-2022	27	39208	38830	80747	29978	25966	1731
BAKKEN	4-2022	3	164	0	2207	307	68	217