WTI Closes Over $72 Today -- Tea Leaves Suggest WTI Could Go Higher By End Of Year -- September 24, 2018; QEP With A 110K Well in Two Months

Active rigs:

$72.25😄	9/24/2018	09/24/2017	09/24/2016	09/24/2015	09/24/2014
Active Rigs	64	57	33	70	193

Four new permits:

• Operators: Nine Point Energy (3); Southwestern Production
• Fields: Squires (Williams); Tracy Mountain (Billings)
• Comments:

Three permits renewed:

• Newfield: three Schneiderman permits in McKenzie County

Four producing wells completed:

• 32494, 722, QEP, Tipi V 1-13-12TFH, Spotted Horn, t6/18; cum --
• 32495, 2,599, QEP, Tipi V 1-13-12BH, Spotted Horn, t6/18; cum --
• 32496, 1,755, QEP, Tipi V 4-13-12TH, Spotted Horn, t6/18; cum --
• 32497, 4,780, QEP, Tipi V 13-12-7-18LL, Spotted Horn, t6/18; cum 111K 7/18; a shout-out to Nick Cunningham and the folks over at oilprice.com; another Bakken well that recorded 58,355 bbls of crude oil and 81,596,000 cubic feet of natural gas in 28 days; and then 52,620 bbls crude oil and 82,683,000 cubic feet of natural gas in the next month (see production below)
• wells in the neighborhood:
• 17251, unremarkable,
• 21521, small but noticeable jump in production,
• 23541, a very good job; maintains good production, t6/14; cum 618K 2/19;
• 23542, unremarkable, but a nice well; t2/13; cum 337K 2/19;

• 32497:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2018	31	52620	52528	33368	82683	73534	8434
BAKKEN	6-2018	28	58355	57817	34974	81596	52053	29163
BAKKEN	5-2018	2	0	0	39	1292	1005	260
BAKKEN	4-2018	0	0	0	0	0	0	0