One New Permit; Five DUCs Reported As Completed -- November 30, 2023

Locator: 46209B.

US field production: >13 million bopd for the second consecutive month.

Montana: judge says TikTok ban "likely" violates first amendment. Of course it does.  

OPEC+: The WSJ says OPEC+ agrees to "significant oil-production cut." No one believes that. 

Why is WTI so low? Link here. US days of supply, crude oil: 28.9 days. That's a month and doesn't include SPR.

Also, analysts, it seem, still don't understand how shale oil production works. It's a fool's errand to predict the price of oil. That's why I quit following Josh on twitter. For the three years I followed him, he was wrong.

AAPL: after being down all day, AAPL managed to eke out a minuscule gain at the close. Overall, tech had a bad day, some exceptions, but the Dow -- wow.

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Back to the Bakken

WTI: $75.66.

Active rigs: 40.

One new permit, #40359:

• Operator: Hess
• Field: Beaver Lodge (Williams)
• Comments: 
• Hess has a permit for a BL-Davidson well in SESE 34-156-96, 
• to be sited 650 FSL and 459 FEL.

Five producing wells (DICs) reported as completed:

• 37849, 887, Slawson, Loon Federal 3-24-25H, Mountrail,
  
• 37851, 624, Slawson, Loon Federal 6-24-25TFH, Mountrail,
  
• 37853, 570, Slawson, Genekat FFederal 7-13-12TFH, Mountrail,
  
• 39260, 85, Hunt, Cook 146-93-24-13H 5,
  
• 39261, 571, Hunt, Cook 1446-93-24-13H 6,