Today: WTI closed just below $50 at $49.25.
Several comments:
- first, there is no "cut"; there's hardly even an agreement
- second, not much difference between $50.01 and $49.25
- third, why is "everyone" so concerned about oil going higher? Californians certainly don't want to pay more for gasoline
- fourth, didn't Goldman Sachs (and many others) say we were headed back to $20 oil based on supply and demand?
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The Daily Activity Report
Active rigs:
10/3/2016 | 10/03/2015 | 10/03/2014 | 10/03/2013 | 10/03/2012 | |
---|---|---|---|---|---|
Active Rigs | 33 | 68 | 188 | 185 | 188 |
Wells coming off confidential well Tuesday:
- 32323, SI/NC, Hess, EN-Freda-154-94-2635H-11, Alkali Creek, no production data
- Operators: Crescent Point Energy (2), EOG
- Fields: Little Muddy (Williams); Clarks Creek (McKenzie)
- Comment: the EOG Clarks Creek permit is Clarks Creek 75-0719HX, SWSW 7-151-94; there are no 9 permits on this pad, running north - south which is an interesting configuration considering the wells are most likely spaced on the 2580-acre stand-up unit
- QEP (4): four MHA well permits, all in Dunn County
- QEP (3): three Moberg well permits, all in McKenzie County
- Newfield (2): two Moberg Federal permits, both in McKenzie County
- EOG (2): a Liberty LR well in Mountrail County; and a Hardscrabble well in Williams County
- SHD (2): a Rocky well permit and a Mufasa well permit, both in McLean County
- Oasis: a O M Erickson well permit in Williams County
- HRC: a Hagbos permit in Williams County
- MRO: a Tucker permit in Dunn County
- 31371, 397, XTO, Sara 41X-13G, Grinnell, t8/16; cum --
- 31372, 524, XTO, Sara 41X-13D, Grinnell, t8/16; cum --
- 31372, 525, XTO, Sara 41X-13H, Grinnell, t8/16; cum --
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