Friday, April 4, 2025

WTI Plunges; Settles Below $62; CLR With Four New Permits -- April 4, 2025

Locator: 48425B.

Tiktok: is becoming more and more irrelevant by the day. Close to a deal (?) but then China says "no" after new Trump tariffs; Trump extends waiver for 75 days. Having said that, "75 days" might be an important "line in the sand."

JPow and the Fed: the fact that the Fed is willing to "wait and see" speaks volumes.

Cowboys:

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Back to the Bakken

WTI: $61.99 -- a reminder, Trump has been advocating for much lower crude oil prices, so no complaining.

Active rigs: 34.

Four new permits, #41774 - #41777, inclusive:

  • Operator: CLR
  • Field: West Capa
  • Comments:
    • CLR has permits for two Rose Federal wells and two Willey wells, lot 3, section 3-154-97, 
      • to be sited 260 / 356 FNL and 2380 FWL.

Four permits renewed:

  • BR: three Gorhman wells, Bailey, Dunn County; and one Hawktail well, Jim Creek, Dunn County.

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