Active Rigs Drop By Four (4); WTI Surges; Nine New Permits -- October 1, 2018

WTI: I don't know about the general reader but when I see $75.50 sitting in that box below -- it is more than just a little remarkable. I've always said $55-WTI (2016 dollars) is the sweet spot -- "okay" for everyone. At $65, with an overweight in oil companies, one could be happy, but wow, $75.50! In an hour or so we will see futures for tomorrow's trading.

Active rigs:

$75.50💪	10/1/2018	10/01/2017	10/01/2016	10/01/2015	10/01/2014
Active Rigs	63	58	33	68	191

Nine new permits:

• Operators: Bruin (6); Windridge Operating (2), Newfield
• Fields: Eagle Nest (Dunn County); Portal (Burke); Siverston (McKenzie)
• Comments: Windridge Operating (see below) has one Madison permits in section E/2-6-163-92 and E/2-7-163-92 --  640-acre drilling unit; it also has a Madison permit in E/2 section 30 and #/2 section 31-164-92, but this drilling unit is 400 acres; meanwhile, Bruin remains on a roll; now with permits for a six-well pad in NENW 29-148-94;

Thirteen permits renewed:

• EOG (6): one Liberty LR permit, two Clearwater permits, and three Austin permits, all in Mountrail County
• QEP (3): three Moberg permits, all in McKenzie County
• Bruin E&P (2): two Borrud permits, both in Williams County
• XTO: a Badlands Federal permit in McKenzie County
• Oasis: an O.M. Erickson permit in Williams County 

From "Bakken operators":

Windridge Oil & Gas; Windridge Operating LLC

• it appears Windridge is an operator; over at "well search," Windridge is listed, as of August 24, 2018, has about ten permits, north of Williston, up in Portal oil field, in Burke County
• first post here, June 30, 2017