Inflation, The Market, The Bakken-- July 20, 2023

Locator: 45174B.

He’s reading the blog.

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Bidenomics

Two things.

One, in the old days, rule of thumb, Dow : S&P ratio = 10:1.

Lately, NASDAQ and S&P have been tracking. Today, almost exactly 10:1 -- NASDAQ : S&P.

Second, first time since 2017, Dow notched a nine-day rally.

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Back to the Bakken

WTI: $76.55.

Rigs: 39.

Four new permits, #40056 - #40059, inclusive:

• Operator: CLR
• Field: Catwalk (McKenzie)
• Comments:
• CLR has permits for four Brakken FIU wells, SENW 7-153-100, 
• to be sited between 1861 FNL and 1993 FNL and between 1649 FWL  and 1677 FWL

One permit renewed:

• 35228, Liberty Resources, Holmen E..., Gros Ventre, Burke County;

Four permits canceled:

• CLR: four Putnam permits, Williams County

Six producing wells (DUCs) reported as completed:

• 37948, 1,344, CLR, Brangus FIU 11-11H,
• 37951, 1,486, CLR, Brangus Federal 8-11H,
• 37953, 1,475, CLR, Brangus Federal 6-11H,
• 39010, 1,460, CLR, Rhoda 7-28H,
• 38448, 2,119, MRO, Rustad 44-9H,
• 35464, 1,297, Oasis,MHA 1-27H-150-92,