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• 🔥From Twitter: Oil prices set to open after largest weekly fall in two years
  Oil prices set to open after largest...
  
  

  Oil prices set to open after largest weekly fall in two years https://t.co/E99TjS2qBj pic.twitter.com/cJAMLGIhMs

  
  — Reuters (@Reuters) April 3, 2022

  
  
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• 🔥Devon Energy files report on big Blaine County producer
  Devon Energy’s latest big discovery in the STACK play of Oklahoma is a Blaine County well with production...
  Devon Energy’s latest big discovery in the STACK play of Oklahoma is a Blaine County well with production of nearly 1,100 barrels of oil a day.
  
  In a completion report filed last week, the Oklahoma City energy company reported the Dickson 21_16-15n-10w 2hx had production of 1,099 barrels of oil a day and 2,785 Mcf of natural gas a day.
  
  Located at 21 15N 10W, a site about 9 miles southeast of Watgona, the well was completed in December 2021 at a drilled depth of 21,582 feet in the Mississippian.
  
  The completion report showed a January 2021 spud date with drilling finished in April, but completion was not made until December.
  
  Source: OK Energy Today
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• U.S. Rig Count Ticks Higher As Permian Drillers Lead The Charge
  The number of total active drilling rigs in the United States rose by 3 this week, as...
  The number of total active drilling rigs in the United States rose by 3 this week, as WTI traded below $100, closing at $99.27 for the day on Friday.
  
  The total rig count increased to 673 this week—243 rigs higher than the rig count this time in 2021.
  
  Oil rigs in the United States rose by 2 rigs to 533, while gas rigs rose by 1 to 138. Miscellaneous rigs stayed the same.
  
  The rig count in the Permian Basin rose by 4 this week to 323.
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• Natural Gas Prices Break Out
  On Friday, natural gas prices broke out above trend line resistance, closing up almost...
  On Friday, natural gas prices broke out above trend line resistance, closing up almost 10 cents at $5.70 per MMBtu.  The weather is expected to be normal during the next 6-10 and 8-14 days, with warm on bost Coasts. The weather situation should ease heating demand.
  
  Short-term momentum has turned positive as the fast stochastic generated a crossover buy signal. Prices have moved back into overbought territory with the Fast Stochastic printing a reading of 93, above the overbought trigger level of 80.
  
  
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• Crude Oil Markets Finding Support Heading Into the Weekend
  WTI Crude Oil Technical Analysis The West Texas Intermediate Crude Oil market closed...
  WTI Crude Oil Technical Analysis
  The West Texas Intermediate Crude Oil market closed down $1.01 at $99.27 during the trading session on Friday, to reach the 50 Day EMA. Furthermore, we also have the uptrend line that sits right there as well, and it does suggest that perhaps we are ready for a bit of a bounce. In fact, you can even make an argument for a bit of a triangle.
  
  
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