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Title : Three New Permits; Six DUCs Completed -- March 27, 2018 -- This Page Still Being Updated
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Three New Permits; Six DUCs Completed -- March 27, 2018 -- This Page Still Being Updated

API crude oil inventory data:

• forecast: a build of 1.0 million bbls
• actual: a build of 5.321 million bbls 
• WTI after the announcement: nearly unchanged at $65.25

TSLA: down 8%, dropping $25 during normal business hours; down another dollar+ after hours trading. Moody's cut ratings from B2 to B3.

The impetus for the cut in rating is the company’s slipping production rates for its newer “Model 3” sedan, something that has been worrying multiple parties of late, as Barron's Ben Levisohn wrote earlier today. 

As Moody's put it: Tesla's ratings reflect the significant shortfall in the production rate of the company's Model 3 electric vehicle. The firm writes that it’s conceivable the company may have to do a large capital raise: The negative outlook reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity short-fall.

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Back to the Bakken

Active rigs:

$65.25→	3/27/2018	03/27/2017	03/27/2016	03/27/2015	03/27/2014
Active Rigs	59	49	32	97	196

Three new permits:

• Operator: CLR
  Field: Banks (McKenzie)
  Comments: CLR has permits for a 3-well Pasadena pad in SWSW 11-152-99, Banks oil field

Eleven permits renewed:
WPX (4):
Thunderbird Resources (3):
NP Resources (2):
Petro Harvester (2):
Two permits canceled:
Petro-Hunt: two Moberg permits in Burke County
Six producing wells (DUCs) reported as completed:
30135, 4,881, MRO, Deane USA 24-22H,
31610, 349, BR, He 5-8-20UTFH,
31611, 467, BR, He 4-8-20MBH,
31613, 450, BR, He 2-8-20MBH,
32978, 10, BR, Dodge 3C TFH,
33337, 56, BR, Dodge 2A TFH,
Three permits reinstated:

• Slawson: three Hunter permits in Mountrail County

https://ift.tt/2dZyQXu

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