Monday, February 13, 2023

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.

*****************************
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;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-202230823281161565690397700113
BAKKEN11-2022271205012089252321151410169213
BAKKEN10-20223117535174533072521943186311247
BAKKEN9-2022302001019946241002088320074102
BAKKEN8-2022312436224306296082120920176282
BAKKEN7-2022282279022787476911932918378262
BAKKEN6-2022292648826723474202103420026254
BAKKEN5-20221830363299435839125717227831019
  • 38538, 2,788, MRO, Annabelle 21-18H, Bailey, t--; cum 165K 12/22;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2022315977587476134021313746
BAKKEN11-2022288102800483074693389582
BAKKEN10-20222462176327707347803827256
BAKKEN9-202230160841602624209140391349667
BAKKEN8-2022301898419051200371758116701258
BAKKEN7-2022283118531181300312525324003350
BAKKEN6-2022303614636473481423003528607381
BAKKEN5-2022294192841348874853108927752763
  •  38539, 4,545, MRO, Eliza 21-18TFH, Bailey, t--; cum 165K 12/22;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN12-2022304433443471697034623891
BAKKEN11-20222686588712121971209310993230
BAKKEN10-2022311374713694276881714614554974
BAKKEN9-2022301645916442247471809317373108
BAKKEN8-2022302353023523332722333022185319
BAKKEN7-2022282775727745479052363422561227
BAKKEN6-2022303097731302522382596724706362
BAKKEN5-20222739208388308074729978259661731
BAKKEN4-202231640220730768217

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