Number Of Active Rigs Solidly Below 60, Trending Down In North Dakota;

The NDIC Director's Cut is scheduled to be released tomorrow.

API: weekly US crude oil inventories -- increased by 3.660 million bbls

Active rigs:

$66.77→	8/14/2018	08/14/2017	08/14/2016	08/14/2015	08/14/2014
Active Rigs	58	57	33	74	194

Ten new permits:

• Operators: Kraken Operating (5); MRO (4); Whiting
  Fields: Oliver (Williams); Reunion Bay (Mountrail); Pembroke (McKenzie)
  Comments: Kraken Operating has permits for a 5-well permit in Lot3/2-156-99; MRO has permits for a 4-well pad in Lot 4/2-151-93; Whiting has another Berg trust Federal permit in 27-149-98

Five permits renewed:

• Whiting (2): a Dietz permit and a Solberg permit, both in Stark County
• Petro-Hunt (2); two USA permits in McKenzie County
• Liberty Resources: a Blomquist permit in Burke County

One permit canceled:

• Oasis: a Kellogg Federal permit in McKenzie County

Four producing wells (DUCs) reported as completed;

• 33253, 1,158, Whiting, Wold Federal 44-2-1TFH, Banks, t7/18; cum --
• 29090, 1,032, Petro-Hunt, USA 153-95-23C-14-6H, Charlson, t7/18; cum 7K after 13 days;
• 33812, 1,480, Petro-Hunt, USA 153-95-23D-14, Charlson, t7/18; cum --
• 33548, 4,283, MRO, Alexander USA 44-33TFH, Reunion Bay, t7/18; cum --