- for the archives, this was an incredible day for the market following President Trump and EU Jean-Claude Juncker joint presser regarding tariffs
- WTI took a small but significant jump after that presser
- I may be getting ahead of my headlights, but the problem in the Permian may be reflected in the Bakken -- look at the number of XTO permits today -- see below -- one could argue permit action in the Bakken could be directly related to bottlenecks in the Permian
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FB: down 24% after earnings miss. Comment: think TSLA. I think the FB correction will pale in comparison to what we could see with TSLA. The real question being asked of FB: how were analysts mislead, or were analysts guilty of "group think"? Same questions for TSLA.
Gasoline demand, link here:
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Back to the Bakken
Active rigs:
$69.28 | 7/25/2018 | 07/25/2017 | 07/25/2016 | 07/25/2015 | 07/25/2014 |
---|---|---|---|---|---|
Active Rigs | 64 | 60 | 32 | 73 | 192 |
Fourteen new permits:
- Operators: XTO (10): Whiting (4)
- Fields: North Fork (Dunn), Haystack Butte (Dunn), Tyrone (Williams)
- Comments: XTO has permits for a 10-well Teddy Federal pad in North Fork/Haystack Butte in SWNW 5-148-97; Whiting has permits for a 4-well Moline pad in NENW 14-156-101;
- Whiting: two P Bibler permits in Williams County
- another 27 Divide County wells transferred from SM Energy to Petro-Hunt
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