Two New Permits; CLR Is Really Active In The Brooklyn Oil Field -- October 15, 2018; North Dakota Back To 69 Active Rigs Going Into The Fall

India: won't hit its 2022 renewable energy target. I'm shocked! Shocked! Will Algore demand sanctions on India?

Sad, really, really sad: Microsoft co-founder Paul Allen dead at age 65.

Cherokee nation: Elizabeth Warren has opened a can of worms. We're all Native Americans if her DNA is accurate and the date is correct. At best, she is 1,024th part Cherokee, which is slightly less than what the average European-American is. Very, very interesting. And no, I'm not posting the Cher video again. The Atlantic, January 26, 2015. Genetic testing and Native Americans is a huge story. Probably bigger than the Bakken.

Marijuana: CNBC talking head says polls suggest North Dakota could be next state to approve legalization of marijuana.

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Back to the Bakken

Active rigs:

$71.78	10/15/2018	10/15/2017	10/15/2016	10/15/2015	10/15/2014
Active Rigs	69	59	31	66	190

WTI: have we seen the recent bottom? WTI's floor of $70 held; it seems the Saudi Khashoggi affair could affect price of oil either way (up/down); it seems like there are more factors likely to drive the price of WTI up rather than down; 

Two new permits:

• Operator: CLR
• Field: Brooklyn (Williams)
• Comments: wow, CLR is really active in the Brooklyn oil field; coincidentally, I updated many of the wells in Brooklyn oil field earlier this afternoon; Brooklyn oil field is tracked here; I've always considered Brooklyn oil field a mediocre (at best) oil field in the Bakken, but CLR seems to really testing this field. We're going to see a lot of effect on older wells when newer wells are drilled. See graphic of field below and at the link.

Seventeen permits renewed:
CLR (9): three Bliss permits and three Elveida permits permits (all six in Divide County); one Cuskelly permit in Dunn County; two Boulder Federal permits in McKenzie County
EOG (5): four Burke permits (Mountrail County) and one West Clark permit (McKenzie County); 
Slawson (3): three Armada Federal permits in Mountrail County
One producing well (a DUC) reported as completed:

• 33996, 1,527, Hess, BB-Burk-151-95-1807H-6, McKenzie, t9/18; cum -- 

With regard to the Hess BB-Burk well, the other day, this was noted --

• 33995, 2,363, Hess, BB-Burk-151-95-1807H-7, Blue Buttes, 9/18; cum --; part of a 10-well pad running south to north; neighboring 5-well pad running north to south:
• 17060, off-line;
• 23499, coming back on line after being off line for one-two months;
• 23500, ditto,
• 23501, never off line, no jump in production,
• 23502, ditto

From the "Fields and Field Updates" page:

• Blue Buttes: sweet spot in the Bakken; west of the reservation; an old field; "owned" by Hess

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Brooklyn oil field (see above):