Six New Permits -- June 26, 2018 -- Saudi Arabia, Kuwait Halt Production In Neutral Zone Due To "Technical Difficulties"

Breaking just before close of business, from oilprice.com --

I can't wait to see what the "technical problems" really are.

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Back to the Bakken

Active rigs:

$70.68↑↑	6/26/2018	06/26/2017	06/26/2016	06/26/2015	06/26/2014
Active Rigs	64	59	30	75	192

Six new permits:

• Operators: XTO (4); CLR (2)
• Fields: Grinnell (McKenzie); Avoca (Williams)
• Comments: XTO has permits for a 4-well Ruby State Federal pad in SWSE 36-154-97;

Sixteen permits renewed:

• XTO (4): four Twin State Federal permits in McKenzie County
• Rimrock (4): three Two Shields Butte permits and one Moccasin Creek permit, all in Dunn County
• Whiting (3): one Kessel Federal permit(Billings); one Drew TTT permit (Mountrail); and, one Long permit (Williams)
• Hess (2): two RS-State E permits in Mountrail County
• Zavanna (2): two Rover permits in Williams County
• Resource Energy Can-Am: one Bervik permit in Divide County

Again, no DUCs reported as completed. This is one of the longest stretches I've seen in the past two years with no DUCs being reported as completed.