Eighteen New Permits; MRO Reports Six Incredible Completed DUCs -- September 20, 2018

Market:

• Dow (irrelevant): third day in a row; triple -digit jump; today up over 265 points
• NASDAQ: closes above 8,000
• S&P 500 (very, very relevant): hits an all-time high; trading above 2,900; 
• Russell 2000: fourth of four major indices to jump significantly today
• WTI: dropped below $71 but still solidly above $70
• 10-yr bond: the market should have crashed today; yielding 3.08%; by the way, CNBC talking heads now scrambling to explain why a 10-year bond yield great than 3% is not a bearish indicator;

Active rigs:

$70.07→	9/20/2018	09/20/2017	09/20/2016	09/20/2015	09/20/2014
Active Rigs	66	55	32	67	196

Eighteen new permits:

• Operators: QEP (12); CLR (3); Whiting (3)
• Fields: Van Hook (Mountrail), Pleasant Valley (Williams), East Fork (Williams), Beaver Lodge (McKenzie)
• Comments: QEP has permits for a 12-well MHA pad in SENE 28-150-92; 3200-acre spacing units, sections 30, 29, 38, 27,26 (laydown); centered in section 28 --

 
One permit reinstated, with new name:

• 34207, conf, BR, Anderson Ranch 1C MBH (Rader Ranch 1A MBH-ULW), Camel Butte, 

Seven permits renewed:

• BR (3): two Renegade permits and one Chuckwagon permit, all in McKenzie County
• Petro-Hunt (2): two Eric Stratton Federal permits, McKenzie County
• QEP (2): two MHA permits in Dunn County

Six producing wells (DUCs) reported as completed:

• 32011, 5,328, MRO, McMahon USA 13-34H, Reunion Bay, t8/18; cum --
• 32013, 5,550, MRO, Tony USA 24-34H, Reunion Bay, t8/18; cum --
• 32014, 5,666, MRO, Jackie USA 34-34TFH, Reunion Bay, t8/18; cum --
• 32015, 5,156, MRO, Hal USA 34-34H, Reunion Bay, t8/18; cum --
• 32851, 2,996, MRO, Brant USA 44-34TFH, Reunion Bay, t8/18; cum --
• 32850, 4,871, MRO, Loftquist USA 34-34TFH, Reunion Bay, t8/18; cum -- 
• nearby: 19064, 27366, 26806, 26807, 26805,
• note: previously posted -- MRO is likely to be named the operator of the year in North Dakota