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Title : Idle Chatter: Bakken Operators Executing Their Strategy; Saudi Preparing For 2019 IPO -- June 3, 2018
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Idle Chatter: Bakken Operators Executing Their Strategy; Saudi Preparing For 2019 IPO -- June 3, 2018

Wells coming off the confidential list this next week have been posted. It appears the wells being released over the weekend will be some huge wells but then next week there are going to be a lot of DUCs.

I have talked about the large number of DUCs and inactive wells despite the fact that the price of oil is in a nice range for Bakken operators. My hunch is that operators are "managing" their assets based on their strategic plans, and that's why we continue to see so many DUCs despite the nice oil price environment.

So, what is oilprice.com talking about today. They call this "breaking news" but in fact it was reported last week. I think they are just keeping the same headline: "Saudis may hike July oil prices to Asa to more than 4-year high."

Remember, for newbies:

• Brent is set by the market, directly; affected by Saudi Arabia, indirectly.
• WTI is set by the market, directly: affected by Saudi Arabia, indirectly.
• Saudi's OSP ("official selling price") is set by Saudi Arabia, and is set by the market, indirectly

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