Fourteen New Permits; 70 Active Rigs; WTI Takes Another Hit -- October 18, 2018

WTI: takes another hit today; down almost 1.5%; down about $1.00; trading at $68.73;

Active rigs:

$68.73😟	10/18/2018	10/18/2017	10/18/2016	10/18/2015	10/18/2014
Active Rigs	70	55	32	67	190

Fourteen new permits (35594 - 35607):

• Operators: ERF (7); Whiting (4); XTO (3)
• Fields: Eagle Nest (Dunn); Siverston (McKenzie); Tyrone (Williams)
• Comments: ERF has permits for a 7-well "cloudy" pad in lot 2 section 1-148-95; XTO has permits for a 3-well Cole pad in SESE 32-150-97; and, Whiting has permits for a 4-well pad in NENW 15-156-101;

Comments, cont'd: the two wells already in that ERF drilling unit:

• 24164, 898, ERF, Nimbus 149-94-33D-28H, Eagle Nest, 29 stages; 7.4 million lbs, MB about 90 feet thick?, t4/13; cum 262K 8/18; 
• 24163, 759, ERF, Cirrus 149-94-33D-28H, Eagle Nest, 28 states; 6.5 million lbs, t4/13; cum 243K 8/18;

One permit canceled:

• EOG: a Riverview permit in McKenzie County

Three permits reinstated:

• XTO: three Cole permits, all in McKenzie County