Weekly Petroleum Report: Crude Oil Inventories And Jet Fuel Provide Both Surge -- November 22, 2023

Locator: 46134EIA.  

Weekly EIA petroleum report: link here.

• US crude oil supplies: 448.1 million bbls; 1% below five-year average; increased by a whopping 8.7 million bbls w/w;
• US crude oil imports: background noise; yawn;
• refiners: 87.0%
• distillate fuel inventories: 13% below five-year average; decreased by 1.0 million bbls w/w;
• jet fuel product supplied up a whopping 13.6% compare with same four-week period last year

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Gasoline Demand

Link here.

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Back to the Bakken

Active rigs: 38.

WTI: $76.07.

Two new permits, #40353 - #40354, inclusive:

• Operators: Iron Oil Operating, KODA Resources
• Fields: Bully (McKenzie); and Fertile Valley (Divide)
• Comments:
• KODA Resources has a permit for an Amber well, SWSW 13-160-103, 
• to be sited 305 FSL and 426 FWL;
• Iron Oil Operating has a permit for a Stocke well, SESW 36-149-149, 
• to be sited 400 FSL and 2286 FWL

Nine permits renewed:

• BR: Rifle Person, Scottvale, Tilton (3), Concord (3), Lloyd -- all in Dunn County -- Lone Butte, Little Knife, and Murphy Creek;

One producing well (a DUC) reported as completed:

• 14953, 21, Foundation Energy, federal DM 9210 JV-P2, Billings, recompleted from Birdbear to Bakken;