Was Oil Up Today Simply Because Of Tropical Storm Nate? Operators Shutting Down Platforms In The Gulf -- October 5, 2017

The WTI / Brent spread, in round numbers: $6.00. See first comment:

Since Hurricane Harvey (the hurricane that hit the Houston/Corpus Christi area), US crude oil has been selling at a price so low compared to prices overseas that the Iranians could buy it, ship it to their country, sell it as their own and still make a 10% profit...

Now, I don't know if it's the Iranians or not, but it looks like someone has figured that out: https://twitter.com/JKempEnergy/status/915595242304425986.

They could probably do this with natural gas, also. $8+ overseas; $3 here in the US.

Active rigs:

$50.75↑	10/5/2017	10/05/2016	10/05/2015	10/05/2014	10/05/2013
Active Rigs	59	32	67	190	183

Seven new permits:

• Operators: MRO (5); Whiting (2)
• Fields: Reunion Bay; Stockyard Creek, Epping
• Comments: MRO has permits for a 5 well pad in NESE 15-151-94 in Reunion Bay (see below)

Fifteen permits renewed:

• BR (9): three State Dodge permits; three State Veeder permits; two Renegade permits; and one Chuckwagon permit, all in McKenzie County
• Oasis (4): three Seattle permits in McKenzie County and one O M Erickson permit in Williams County
• QEP (2): two MHA permits, both in Dunn County

One producing well (a DUC) reported as completed:
30369, 1,613, Petro-Hunt, Thompson 153-95-8D-6-3H, Charlson, t9/17; cum --  ; (20342, 27918, 27208)

********************************************

Existing wells:

• 19514, 527, MRO, Jones USA 14-14H, Reunion Bay, ICO, t4/11; cum 506K 8/17;
• 29208, 2,533, MRO, Lun USA 11-14H, Reunion Bay, ICO, t6/15; cum 215K 8/17;
• 29209, 2,776, MRO, Ernestine USA 11-14TFH-2B, ICO, Reunion Bay, t6/15; cum 318K 8/17;
• 29210, 2,900, MRO, Tony Lun USA 12-14TFH, Reunioin Bay, ICO, t6/15; cum 330K 8/17;
• 29211, 2,929, MRO, Doll USA 12-14H, Reunion Bay, ICO, t6/15; cum 402K 8/17;