Locator: 50456B.
US markets: posted 6:07 p.m. CT after Trump announces two-week ceasefire with Iran.
Operation EPIC FURY: President Trump accepts two-week ceasefire with Iran.
President Trump has said he has also accepted a 10-point peace plan proposed by Iran "for consideration." -- 5:39 p.m. CT today April 7, during, story breaking during evening national news. It is not clear if Iran has accepted the ceasefire. So, here we go again, which is fine with me. WTI: drops $5 / bbl; now trading at $107/bbl. But Trump says the agreement comes with the stipulation that the strait will be opened without conditions. There is no indication -- yet -- that Iran has agreed to the "Trump stimulation."
The Onion soon to announce the renaming of the Iran operation to "Operation Never-Ending Story."
Ticker LNG (Cheniere): plunges after hours. LOL. As if LNG (liquefied natural gas) is going to flow through the strait immediately. Yeah, right. No more missiles flying overnight. Okay.
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Back to the Bakken
WTI: $113. On the dot -- $113.00. (At 5:00 p.m. CT during the evening news before "cease-fire deal" announced.
Active rigs: 24.
Four new permits, #42815 - #42818, inclusive:
- Operators: Whiting (3); and, EOG;
- Fields: Foreman Butte (McKenzie County); and, Parshall (Mountrail County);
- Comments:
- Whiting has permits for three State Wolf Federal wells, SWSE 33-151-102,
- to be sited 1028 / 1035 FSL and 1917 FEL; all three are spaced at 2580 acres (four sections; 4 / 9 / 16 / 21-151-102); bottom hole location; and,
- EOG has a permit for a Parshall 442-027H well, lot 3, section 2-152-90 (look at that chronologic number [442]);
- to be sited 857 FNL and 1383 FWL; section 1 and E/2 of section 2-152-90 and sections 6 / 7-152-89 (640 x 3 + 320 acres = 2240 acres (3.5 sections).
One producing well (a DUC) was reported as completed:
- 41511, 167, EOG, Wayzetta 411-0932H, NWSW 09-153-90, Mountrail County, again, look at that chronologic number, 411.
