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Title : Three DUCs Reported As Completed -- July 31, 2018
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Three DUCs Reported As Completed -- July 31, 2018

Fast and furious: we'll come back to these stories later, as time permits --

• Apple: best "June" quarter ever.
• huge US crude oil inventory build, API: WTI slumps -- a build of 5.95 million bbls -- that's a pretty big build during height of US driving season; EIA reports tomorrow
• critics want US military to buy less Russian oil; up to 40% of oil used at US installations in Europe use Russian oil -- truly amazing, huh? I thought US / Trump was being tough on Putin -- all talk?
• peak oil? what peak oil? Guyana elephant bigger than initial estimates;

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Back to the Bakken

Active rigs:

$68.42↓↓	7/31/2018	07/31/2017	07/31/2016	07/31/2015	07/31/2014
Active Rigs	63	61	35	74	193

Three new permits:

• Operator: WPX
• Fields: Squaw Creek (McKenzie); Heart Butte (Dunn)
• Comments: 

Five permits renewed:

• EOG (3): three Hawkeye permits in McKenzie County
• Statoil: a Martin permit in Williams County
• Enerplus: a Wallaby permit in McKenzie County

One permit canceled:

• Abraxas: a Lilli-George permit in McKenzie County

Three producing wells (DUCs) reported as completed:

• 32755, 1,400, XTO, Bear Creek 31X-3BXC, Bear Creek, t5/18; cum 31K 6/18;
• 32756, 1,223, Bear Creek 31X-3F2, Bear Creek, t5/1; cum 21K 6/18;
• 33257, 1,649, Whiting, Wold Federal 44-7-6TFXH, Banks, t7/18; cum -- (#19468)

One permit reinstated:
Hess: a CA-Anderson Smith permit in Williams County

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