One New Permit -- March 24, 2016

Two wells come off the confidential list Friday, but due to Good Friday they will not be posted until Monday:
31367, SI/NC, SM Energy Owl 1-28HS, Ambrose, no production data,
31511, SI/NC, CLR, Dolezal 5-5H, Chimney Butte, no production data,
Active rigs:

	3/24/2016	03/24/2015	03/24/2014	03/24/2013	03/24/2012
Active Rigs	32	100	197	187	206

One (1) new permit:

• Operator: Whiting
• Field: Sanish (Mountrail)
• Comments: first permit in quite a few days.

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The Apple Page

There are two story lines coming out of the Apple presentation this past Monday.

The first story is how incredibly good the iPhone SE is -- I saw some of those reviews earlier, but not all of them. Folks commenting at Macrumors are notoriously hard on Apple, but surprisingly, folks are making very, very good comments about the new smaller iPhone. Most interesting, folks are talking about the "price point" -- how incredibly great the price is. Over at Sprint:

Which brings us to the second story line from that presentation. One gets the feeling that Apple is out to a) crush the competition; and/or b) bring a lot more folks into the Apple arena by bringing prices down. The significant price drop in the Apple Watch was the first indication that Apple is pulling out all stops, and then with the pricing on the SE. 

With regard to the Apple Watch there's not a lot of difference between $349 and $299 for the customer, but it's a huge psychological (and marketing) price point when it goes from "almost $400 to under $300." Of course, for Apple, the margins for the Apple Watch must be coming way down with a cut like that. But they may be making it up with the bands.