MRO Reports Two Huge Wells; WTI Rises Despite All Odds; Number Of Active Rigs In North Dakota Advance By Two -- January 31, 2018

In the dead of winter, this is nice to see -- active rigs in North Dakota jump by 2:

$64.85↑	1/31/2018	01/31/2017	01/31/2016	01/31/2015	01/31/2014
Active Rigs	59	40	45	146	191

I'm also surprised that WTI price held in there, holding above $64, and actually trending back toward $65.

Five new permits:

• Operators: Kraken Operating (4); Whiting
• Fields: Ellisville (Williams), Truax (Williams)
• Comment:

No permits canceled: pending

One permit renewed: a Hunt Patten permit in Mountrail County.

Two producing wells (DUCs) reported as completed:

• 30133, 4,855, MRO, Veronica USA 14-22TFH, Sanish, t12/17; cum --
• 30488, 4,144, MRO, TAT USA 14-22H, Sanish, t12/17; cum --

New permits:
34533, Whiting, Thomas Federal Truax,
34534, Kraken, Longhorn, Ellisville,
34535, Kraken, Longhorn, Ellisville,
34536, Kraken, Longhorn, Ellisville,
34537, Kraken, Longhorn, Ellisvile,

Comment: The MRO Veronica and TAT USA wells are seen in the graphic below. In addition to being an extremely active area right now, MRO is reporting some very huge wells.