Is It Time For Biden To Announce Another SPR Release? WTI Trending Toward $82 On Surprice Jump In Price -- June 27, 2024

Locator: 48055B.

Near the close, WTI is trading up 1.26%; trading up $1.02 and now trading at $81.92.

Investors in publicly traded E&P companies seem unaware. 

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Back to the Bakken

WTI: $81.92.

Active rigs: 37.

Four new permits, #40878 - #40881, inclusive:

• Operators: Oasis (3); Phoenix Operating
• Fields: Arnegard (McKenzie); Burg (Divide)
• Comments:
• Oasis has permits for three Bitterroot wells, lot 2, section 30-150-100; 
• to be sited between 1980 FNL and 2040 FNL and between 581 FWL and 660 FWL;
• Phoenix Operating has a permit for a Jacobson well, NENW 19-159-98, 
• to be sited 310 FNL and 2152 FWL

Two permits canceled:

• Crescent Point, #39732 and #39733, a CPEUSC Suitor permit and a CPEUSC Getzlaf permit, Williams County;

Two producing wells (DUCs) reported as completed:

• 40120, 322, Slawson, Teapot Federal 6-15-14TFH, Big Bend, t--; cum --;
• 40122, 415, Slawson, Teapot Federal 7-15-14TFH, Big Bend, t--; cum --;