Thursday, May 25, 2017

"Holy Nightmare, Batman, What Do We Do Now?" -- May 25, 2017

Saudi orchestrates a nine-month extension of OPEC's "highly successful" production cut. Result: WTI falls 5%. 

Sort of reminds me of "Baghdad Bob."


Active rigs:

Active Rigs502883191186

Three new permits:
  • Operators: HRC, Resonance Exploration, Petro-Hunt
  • Fields: Eagle Nest (Dunn), Westhope (Bottineau), Little Knife (Billings)
  • Comments:
One producing well (DUC) reported as completed:
  • 31946, 1,232, EOG, Van Hook 44-3626XH, Parshall, t5/17; cum -- (17910)
And that was it; nothing else particularly noteworthy.

The Bubble Economy

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