Active Rigs Down To 33 During Prime Drilling Season -- August 3, 2023

Locator: 45470B. 

 Gasoline demand and status, link here, three charts:

Weekly EIA petroleum report:

• US crude oil in supply: decreased by another fairly respectable 6.1 million bbls of oil; now at 433.5 million bbls, US commercial inventories are 2% below the five-year average;
• imports: yawn, but 6.3% more than the same four-week period last; we need the right kind of oil for refineries to work optimally
• refiners are operating at 94.5% of their capacity; pedal to the metal
• distillate fuel inventories -- little change week over week -- are 16% below the five-year average, going into harvesting season;
• jet fuel supplied was up 5.6% compared with the same four-week period last year;

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Back to the Bakken

Active rigs: 33.

WTI: $78.89.

One new permit, #39036, a SWD:

• Operator: Grayson Mill
• Williams County

One producing well (a DUC) reported as completed:

• 39448, 280, Petro-Hunt, Steen 16-20HN, Divide County;