Monday, October 2, 2023

WTI Drops Well Below $90; One New Permit; Six Permits Canceled; Five DUCs Reported As Completed -- October 2, 2023

Locator: 45630B.   

 Copper: prices, extreme contango; link here.

WTI: dips on soaring US dollar; profit-taking and demand worries.

US maintenance season: to lose 2.5 million bopd. Link here

OPEC oil production: grows for second month despite Saudi cut. Link here.

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Back to the Bakken

Active rigs: 32.

WTI: $88.82.

One new permit, #40232:

  • Operator: Empire North Dakota
  • Field: Starbuck (Bottineau County)
  • Comments: 
    • Empire North Dakota has a permit for a Wigeon well, confidential, SWSE 29-161-98. 
      • to be sited 1495 FSL and 2208 FEL;

Six permits canceled:

  • Enerplus: six Fort Berthold permits, Dunn County;

Five producing wells (DUCs) reported as completed:

  • 27895, 1,234, CLR, Jersey FIU 12-6H1,
  • 39293, 415, Petro-Hunt Dakota, Hot Rod 149-102-27B-26-2H
  • 39301, 1,058, CLR, Skanchenko Federal 9-31H,
  • 39302, 1,207, CLR, Skanchenko Federal 10-31H1,
  • 39303, 759, CLR, MeadowlarkFIU 8-6H,

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