Monday, January 13, 2020

WTI Plummets; Down Almost 2%; Barely Hanging On To The $58-Handle -- January 13, 2020

Reminder: college football tonight. Clemson and some other team. Geaux Tigers. President Trump and First Lady Melania have just arrived ... to chants of "USA! USA! USA!" What a wonderfully warm reception for the first lady. Mike Bloomberg couldn't buy that kind of photo op for $1 billion. Live video shots of US military serving overseas. 

Dow futures: up 14 points but to some extent that's an "overhang" from today's market.

Disclaimer: this is not an investment site.  Do not make any investment, financial, career, travel, job, or relationship decisions based on what you read here or think you may have read here. 

 Back to Oil and Back to the Bakken

"Plummets" may be too strong a word, but considering how far it had already fallen; and, despite tensions in the Mideast, for WTI falling almost 2% in one day seems to be a bit noteworthy.

Active rigs:

Active Rigs5467553651

Five new permits, #37335 - #37339, inclusive
  • Operator: Whiting
  • Fields: Sanish (Mountrail); Dollar Joe (Williams)
  • Comments:
    • Whiting has permits for a 3-well Miller pad in section 10-153-92, Sanish oil field
    • Whiting has permits for a 2-well Ark pad in section 15-155-97, Dollar Joe oil field
Five permits renewed:
  • EOG (3) two Sidonia permits and one Parshall permit, all in Mountrail County
  • RimRock (2): two Charging Eagle permits, both in Dunn County

No comments:

Post a Comment