Tuesday, September 19, 2017

WTI Can't Hold Above $50 -- Saudi Arabia Will Struggle -- September 19, 2017

Active rigs:

$49.879/19/201709/19/201609/19/201509/19/201409/19/2013
Active Rigs553267196182

Eleven (11) new permits:
  • Operators: NP Resources (6); Petro Harvester (5)
  • Fields: Cinnamon Creek (McKenzie County); Portal (Burke County)
  • Comments: NP has permits for a 6-well pad in 26-145-102; 
Four permits renewed:
  • EOG (2): two Austin permits in Mountrail County
  • Cornerstone: one Tafelmeyer permit in Burke County
  • Murex: one Emu permit in Renville County

4 comments:

  1. Looks like one two-well pad and one three well pad for Petro Harvester. That brings the total wells to drill this fall/winter to just over 10!

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    Replies
    1. Yes, Petro Harvester keeps on trucking.

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  2. What is NP's plan in Billings? That area is not good...

    ReplyDelete
    Replies
    1. Bottom line: I have no idea. But I provide "newbies" a more in-depth look at this area at this post:

      https://themilliondollarway.blogspot.com/2017/09/a-more-in-depth-look-at-np-resources.html.

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