Three New Permits; WTI Settles Back At $83 -- April 19, 2024

Locator: 47045B.

Heavy oil to California: this is quite a story if one thinks about it for thirty seconds. LOL. 

• bringing coals to Newcastle. If regulators won't allow fracking in California, then bring in heavy oil from Alberta. Link here. 
• and put it on tankers with a risk of an oil spill off the west coast
  
• refiners Valero, Chevron in California have contracted Aframax tankers;
• pipeline: Trans Mountain Pipeline
• terminal: Westridge Terminal, near Vancouver
• carrying nearly one million bopd this would have been the oil moved down the Keystone XL had it been completed
• many ironies in this story
• Trudeau and Canada got a lot of bad press over this pipeline -- but at the end of the day, Trudeau and Canada got 'er done. More than we can say for California and the never-ending Bullet Train story;
  
• I assume if California finds a way to stop this -- which is not beyond the pale -- China will gladly take this oil off Canada's hands.
  

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Back to the Bakken

WTI: $83.14.

Active rigs: 38.

Three new permits, #40685 - #40687, inclusive:

• Operators: Hess
• Fields: Rainbow (Williams); Oliver (Williams)
• Comments: 
• Hess has a permit for one GO-Skjei well and permits for two GO-Jimmy W Hill permits, all three in lot 1, section 2-157-98, 
• to be sited 517 FEL and between 570 FNL and 636 FNL

Seven permits renewed:

• Foundation Energy Management (4): four Mosser Federal permits, Elkhorn Ranch, Billings County;
• Enerplus (3): permits for Gazelle, Aardwolf, and Elephant wells, McGregory Buttes, Dunn County