WTI Closes Above $66; Adds 2.45% -- Only One New Permit; Fifteen Permits Renewed; Global Warming To Smack Denver -- March 11, 2021

More global warming:

The winter storm also has the potential to be among the biggest ever to hit Denver.  

The current snowfall record there is 45.7 inches in December 1913, followed by 31.8 inches in March 2003. Numerous other storms there have dropped around 2 feet of snow. 

For this upcoming storm, in Wyoming, the NWS is forecasting total snow accumulations of up to 32 inches in and around cities like Cheyenne, noting that wind gusts of 45 mph and "blizzard conditions" are possible. 

Time to re-think all those windmills?

Dow, S&P 500 hit new records.

Active rigs:

$66.02	3/11/2021	03/11/2020	03/11/2019	03/11/2018	03/11/2017
Active Rigs	15	56	65	59	45

One new permit, #38208 -

• Operator: Petro-Hunt
• Field: West Ambrose
• Comments: Petro-Hunt has a permit for a Gubranson well 
• in West Ambrose, lot 2 section 1-163-100;
• the well will be sited 275 FNL 2325 FEL

Fifteen permits renewed:

• BR (5): five George permits, all in McKenzie County;
• Kraken (5): three Cass permits and two King permits, all in Williams County
• Liberty Resources Management (3): one Orris permit and one Dolores permit, both in Burke County; one Esther permit in Mountrail County;
• XTO (2): two Frisinger permits in Williams County;

Two producing wells (DUCs) reported as completed:

• 36239, drl/A, Slawson, Moray Federal 5-10TFH, Big Bend, first production, --; t--; cum --;
• 37255, drl/A, EOG, Liberty LR 116-1416H, Parshall, first production, --; t--; cum --;