Something Tells Me This Does Not Bode Well For Iraq -- Shell Turns Over Major Field To Iraq; Exits -- Can't Come To Agreement, Cutting Their Losses; Iraq Losing Expertise And Adult Leadership -- June 27, 2018

From oilprice.com, data points:

• unable to come up with an agreement, Shell and Iraqi state-run Basra Oil Company part ways
• Majnoon oilfield
• Shell was the operator and holder of 45% at Majnoon
• Malaysia's Petronas owned 30%
• Iraq's Missan Oil Company held 25%
• production: 235,000 now; plans to increase to 400,000 bpd in the "coming years"
• Anton Oilfield Services and Petrfac have a two-deal to operate the field on behalf of Basra Oil Company

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Back to the Bakken

$72.41↑↑	6/27/2018	06/27/2017	06/27/2016	06/27/2015	06/27/2014
Active Rigs	65	59	30	75	193

Eleven new permits:

• Operators: Enerplus (10); Resonance Exploraiton
• Field: Antelope (McKenzie): Russell (Bottineau)
• Comments: Enerplus has permits for a 10-well tortoise and turtle pad in SWSE 33-152-94; see graphic below; the Enerplus tortoise/turtle pads are tracked here;

Again, another day with no DUCs reported as completed.