Disclaimer: this is not an investment site.
Sweet spot? Is this not the sweet spot for diversified investors with a slight overweighting in oil? Anything over $55/bbl is huge for the oil companies. If oil goes too high, the economy slows. So a pullback to the high-60's is just fine. The only fly in the ointment? The anxiety over tariffs. Buying opportunity.
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Back to the Bakken
Active rigs:
$73.12↓↓ | 7/5/2018 | 07/05/2017 | 07/05/2016 | 07/05/2015 | 07/05/2014 |
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Active Rigs | 65 | 57 | 31 | 76 | 191 |
Seven new permits:
- Operators: Oasis (4); Liberty Resources (2); Resonance Exploration
- Fields: Banks (McKenzie); Kittleson Slough (Mountrail); Serges (Bottineau)
- Comments: Oasis has permits for a 4-well Kellogg Federal pad in NENW 30-152-97;
Two producing wells completed:
- 32267, 215, BR, CCU Pacific Express 22-19 MBH, Corral Creek, t5/18; cum --
- 32268, 238, BR, CCU Pacific Express 22-19 TFH, Corral Creek, t5/18; cum --
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"How Big Is North Dakota, Any Way?"
When I travel cross country and tell folks where I am from, the #1 question is, "where is North Dakota?" or, the variant, "Is North Dakota in Canada?"
The second most oft-asked question is, "how big is North Dakota any way?"
For those who need to know:
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