Locator: 49413B.
Finally some adulting in the room! Link here.
In the past few administrations / past few years, it seems "classified" was becoming ignored. It didn't begin with Hillary, of course, but when she said she didn't know what "the C" meant on her staffing papers ... well, what can I say. For those who might not know, "C" means "classified without further designation."
This was back in 2016: link here. "There are no excuses."
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Back to the Bakken
WTI: $57.46. Inflation should be dropping like a rock. Will make it easier for the Fed to cut rates by at least a quarter point.
Active rigs: 32.
No new permits.
One permit renewed: a Minnkota carbon capture permit, #40270, NRDT 1, Oliver County.
Five permits were canceled: all SWD permits. Permitting SWD wells is a great proxy for drilling activity. This is a very, very bad omen.
With this kind of report, one can see why I'm spending more time on AI.
