Thursday, February 23, 2023

Gasoline Demand Increases But Crude Oil In Storage Also Increases; Crescent Point Energy With Eight New Permits -- February 23, 2023

Weekly EIA data:

  • days crude oil in storage: 31.7 (an increase from the week before, 31.2); link here; fourth consecutive week that storage has increased;
  • gasoline demand, link here:

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Back to the Bakken

Active rigs: 44.

WTI: $75.39.

Natural gas: $2.314.

Eight new permits, #39678 - #39685, inclusive:

  • Operator: Crescent Point Energy
  • Field: Little Muddy (Williams); Church (Williams); Winner (Williams)
  • Comments:
    • Crescent Point Energy has permits for eight CPEUSC wells, Getzlaf (2); Farthing (3); Clermont (3); NENE 25-158-101; 
      • to be sited 300 FNL and between 300 FEL and 475 FEL (spacing between each well, 25 feet)

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