My Favorite Chart -- It's Getting Interesting -- Four New Permits -- June 4, 2024

Locator: 48051B.

My favorite chart, link here:

Now this, today.

Might we see a reversal in "my favorite chart" sometime this summer? It peaked a couple of months ago and started reversing. Might it reverse again?

Market today: eked out "green" in three major indices.

Next big thing: what I would like to see -- a "crowd-source" app tracking new car sales and what folks actually paid, in real time.

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Back to the Bakken

WTI: $73.25.

Active rigs: 38.

Four new permits, #40807 - #30810:

• Operators: Hess (2), Oasis (2):
• Fields: Ellsworth (McKenzie); Bonetrail (Williams)
• Comments:
• Hess has permits for two wells, a BW-Hagen well, NWNE 15-149-100; and an EN-Uran A well, SWSW 10-154-93, 
• the first to be sited 753 FNL and 2171 FEL, and the second to be sited 391 FSL and 497 FWL;
• Oasis has permits for two Wolfman wells, SWSE 15-156-102, 
• both to be sited 2575/574 FEL with one at 388 FSL and one at 355 FSL

Two producing wells (DUCs) reported as completed:

• 35216, 3,175, XTO, Teddy Federal 12X-5A, North Fork, minimal production reported;
• 40192, 813, Whiting, Tri D Ranch 5696 13-18 6BX, Dollar Joe, nopd