Crude Oil In Storage Dropping; Gasoline Demand Up; And, Price Of Oil Dropping -- Biden Makes Formal Announcement From Oval Office -- Won't Run For President -- July 24, 2024

Locator: 48225B. 

EIA weekly petroleum report, link here:

• crude oil in storage: 5% below five-year average
• refiners: 91.6%.
• jet fuel supplied: up 3.8% compared with same four-week period last year;

Gasoline demand, link here:

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Back to the Bakken

WTI: $77.38.

Active rigs: 39.

Five new permits, #40955 - #40959, inclusive;

• Operators: Grayson Mill (4); CLR
• Fields: Sixmile (Williams); Cabernet (Dunn)
• Comments:
• CLR has a permit for a Rutledge well, SESE 11-144-97; 
• to be sited 325 FSL and 1189FEL;
• Grayson Mill has permits for four Grand National wells, NWSE 34-153-103, 
• to be sited 388 FWL and at 1554 FSL, 1524 FSL, 1464 FSL, and 1434 FSL.

Six permits renewed:

• BR: three Kirklandfill permits and three Morganfill permits; Pershing oil field;

Three producing wells (DUCs) reported as completed:

• 30263, 551, Slawson, Bazooka 1 SLH,
• 38161, 0, Lone Beaver 6-1-17MBH,
• 39299, 987, Minx Federal 1 SLH,