Daily Activity Report -- Yesterday And Today -- Thirteen New Permits -- December 15, 2023

Locator: 46241B.

API: link here.

Analysts forecast a draw of 2.3 million bbls. 

In fact, the inventory went in the opposite direction, a build of more than a half-million bbls. In fact, there was a build of everything including Cushing and the SPR. 

WTI closed lower, at $72.32 when I last looked. WTI with a 6-handle is almost a given; some predicting into the 50s. Is oil "dead money"? Saudi in deep doo-doo.

**********************************
Back to the Bakken

Active rigs: 41.

Daily activity report yesterday and today, thirteen new permits, #40363 - #40375, inclusive

• Operators: Enerplus (8); Slawson (3); Zavanna; and, Iron Oil
  
• Fields: Little Knife (Dunn); Pleasant Hill (McKenzie); Stockyard Creek (Williams); and, Bully (McKenzie)
  
• Comments:
• Enerplus has permits for four LK Quilliam wells and four LK Erickson wells, SESW 11-147-97;
• to be sited 498/499FSL and between 1810 FFWL and 2055 FWL.
• Slawson has permits for three Kahuna wells, section 3, 6-149-99; 
• to be sited 320 FNL and between 2224 FWL and 2324 FWL;
• Zavanna has a permit for a Sawyer well, SESE 13-154-99; 
• to be sited 504 FSL aand 884 FEL;
• Iron Oil Operating has a permit for a Stocke well, SESW 36-149-100,
• to be sited 400 FSL and 2386 FWL

Three permits renewed:

• 32381, BR, Hawktail,
• 34363, Formentera, FLX4,
• 34365, Formentera, FLX4,

Six producing wells (DUCs) reported as completed:

• 39333, 785, CLR, Hegler 6-13H,
• 39334, 515, CLR, Hegler 7-13H1,
• 39461, 1,091, Hegler 5-13H1
• 39336, 842, Hegler 9-13H1,  
• 39360, 1,312, Hegler 3-13HSl1,
• 39359, 1,032, Arthur 3-12HSL1,