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,