API: massive crude build pressures oil prices.
- "rose by an impressive 10.507 million bbls" last week;
- that's why "we" need to release another 26 million bbls from the SPR;
- I can't make this stuff up.
- last year, 2022:
- commercial inventory increased by a total of 13 million bbls
- SPR decreased by 221 million bbls
Market wrap: link here.
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Back to the Bakken
Active rigs: 47.
WTI: $79.06.
Natural gas: $2.567.
Three new permits, #39658 - #39660, inclusive:
- Operator: EOG:
- Field: Stanley (Mountrail)
- Comments:
- EOG has permits for three Blueberry wells, SESE 29-155-90,
- to be sited 450 FEL and between 500 FEL and 590 FSL.
Active, producing well in that section, 29-155-90:
- 17689, 1,269, Hess, Burke 20-29H, Stanley, one section spacing, jump in production, 2014; t6/09; cum 412K 12/22;
Thirteen permits renewed:
- Hess (5): five BB-Federal permits in Blue Buttes, McKenzie County;
- BR (3): three Lone Beaver permits in North Fork, McKenzie County;
- Lime Rock Resources (3): one Schneider permit and two Reuben Schneider permits in Dunn County;
- Murex (2): a Patricia Ann and a Michael Douglas, the former in West Bank, Williams; and, Michael Douglas in Beaver Lodge, Williams;
One permit canceled:
- 38091, Enerplus, Orca, McGregory Buttes, Dunn County;
Two producing wells (DUCs) reported as completed:
- 29293, 2,260, Slawson, Vixen Federal 3-19-30H, Big Bend, t--; cum 2K 12/22;
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 12-2022 | 2 | 1664 | 0 | 11797 | 1332 | 0 | 132 |
- 38587, 2,855, MRO, Cody 11-18H, Bailey, t--; cum 164K 12/22;
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 12-2022 | 30 | 8852 | 8905 | 7930 | 9069 | 8604 | 40 |
| BAKKEN | 11-2022 | 28 | 10944 | 10857 | 11428 | 12191 | 10536 | 1168 |
| BAKKEN | 10-2022 | 31 | 13541 | 13543 | 14408 | 18987 | 16249 | 2210 |
| BAKKEN | 9-2022 | 30 | 18560 | 18500 | 17964 | 22982 | 22634 | 0 |
| BAKKEN | 8-2022 | 31 | 24400 | 24355 | 23478 | 25218 | 24561 | 245 |
| BAKKEN | 7-2022 | 30 | 25743 | 25778 | 26184 | 21676 | 21288 | 0 |
| BAKKEN | 6-2022 | 30 | 27357 | 27390 | 33997 | 19687 | 18805 | 482 |
| BAKKEN | 5-2022 | 29 | 34606 | 34407 | 57029 | 26359 | 23819 | 15 |
Well of interest:
- 17628, 180, MRO, Oneil 34-24H, Bailey, t5/09; cum 618K 12/22; note halo effect:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 12-2022 | 29 | 3981 | 3998 | 4311 | 3699 | 1326 | 1909 |
| BAKKEN | 11-2022 | 30 | 4544 | 4565 | 5759 | 4748 | 2955 | 1233 |
| BAKKEN | 10-2022 | 31 | 5340 | 5214 | 7226 | 5953 | 4884 | 459 |
| BAKKEN | 9-2022 | 30 | 5695 | 6055 | 8233 | 6448 | 5696 | 104 |
| BAKKEN | 8-2022 | 31 | 6564 | 6298 | 12745 | 7157 | 6149 | 291 |
| BAKKEN | 7-2022 | 31 | 7860 | 7850 | 18342 | 6841 | 5153 | 871 |
| BAKKEN | 6-2022 | 27 | 6940 | 6748 | 21705 | 5718 | 4744 | 258 |
| BAKKEN | 5-2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 4-2022 | 0 | 0 | 203 | 0 | 0 | 0 | 0 |
| BAKKEN | 3-2022 | 2 | 53 | 214 | 199 | 51 | 0 | 38 |
| BAKKEN | 2-2022 | 26 | 2079 | 2085 | 1576 | 1769 | 0 | 1444 |
| BAKKEN | 1-2022 | 31 | 2797 | 2692 | 1877 | 2211 | 0 | 1807 |
| BAKKEN | 12-2021 | 31 | 2625 | 2660 | 1909 | 2194 | 0 | 1807 |
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