Thursday, October 18, 2018

Fourteen New Permits; 70 Active Rigs; WTI Takes Another Hit -- October 18, 2018

WTI: takes another hit today; down almost 1.5%; down about $1.00; trading at $68.73;

Active rigs:

$68.73😟10/18/201810/18/201710/18/201610/18/201510/18/2014
Active Rigs70553267190

Fourteen new permits (35594 - 35607):
Comments, cont'd: the two wells already in that ERF drilling unit:
  • 24164, 898, ERF, Nimbus 149-94-33D-28H, Eagle Nest, 29 stages; 7.4 million lbs, MB about 90 feet thick?, t4/13; cum 262K 8/18; 
  • 24163, 759, ERF, Cirrus 149-94-33D-28H, Eagle Nest, 28 states; 6.5 million lbs, t4/13; cum 243K 8/18;
One permit canceled:
  • EOG: a Riverview permit in McKenzie County
Three permits reinstated:
  • XTO: three Cole permits, all in McKenzie County

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