WTI Drops; Trending Toward $70 -- Trump Hoping He Can Get Price Of Oil Down To Bring Down Inflation -- January 29, 2025

Locator: 48434B.

Sentenced:

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Back to the Bakken

WTI: $72.62 -- big drop; down $1.15; down 1.56%. I haven't been watching the news: have "they" been talking about a recession?

Active rigs: 36.

Five new permits, #41561 - #41465, inclusive:

• Operators: Silver Hill Energy Operating, LLC (4); Empire North Dakota, LLC.
• Fields: East Tioga (Mountrail); Starbuck (Botttineua)
• Comments:
• Empire has a permit for a Goldeye well, NESW 32-161-78, 
• to be sited 2110 FSL and 2400 FWL;
• Silver Hill has permits for four Rice E wells, NENW 25-158-94, 
• to be sited 323/428 FNL and 2262 FWL.

Six XTO permits reinstated: #37310 - 37313, inclusive, and #37354 - #37355, inclusive;

• Field: North Fork (McKenzie)
• Location: NWSW 24-149-98; SWSW 24-149-98; SESW 35-151-98.