Five Huge Wells Coming Off Confidential List Today -- Last Day Of The Month -- November 30, 2018

Wells coming off confidential list today -- Friday, November 30, 2018:

• 33696, conf, Oasis, Lite 5303 131-11 8T, Sanish, a nice well;
• 33242, conf, Oasis, Muri 5198 12-4 5B, Banks, a huge well;
• 33227, 1,149, CLR, Kennedy 5-31H, Dimmick, another big Kennedy well, 62 stages; 12.6 million lbs; t8/18; cum 47K 9/18; the Kennedy wells are tracked here;
• 33110, conf, CLR, Wiley 10-25H, Pershing, a huge well;
• 30543, conf, Bruin, Fort Berthold 151-94-26A-35-6H, a "50K" well -- huge; again --

Date	Oil Runs	MCF Sold
9-2018	14841	11025
8-2018	32829	22985
7-2018	53082	34423
6-2018	44403	39049

Active rigs:

$50.79	11/30/2018	11/30/2017	11/30/2016	11/30/2015	11/30/2014
Active Rigs	66	54	39	65	185

RBN Energy: E&P profits surge in 3Q18 but plunging oil prices cloud future outlook.

The sun was shining and wind filled the sails of the 44 major U.S. exploration and production (E&P) companies we track in the third quarter of 2018 as they collectively reported a 35% increase in pre-tax operating income over the previous quarter. It’s been an up-and-down year. Increased efficiency and rising output from the transformation to large-scale, manufacturing-style exploitation of premier resource plays moved the E&P sector solidly into the black in early 2018 after three years of losses. But profits stagnated in the second quarter on a decline in revenues as widening differentials, primarily in the Permian Basin, negated the impact of higher NYMEX prices. Today, we explain how producers overcame the headwinds to resume profit growth in the third quarter, but warn that future returns for certain E&Ps could be jeopardized by the sudden plunge in oil prices.