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Wednesday, March 20, 2019

NOG Up Over 9%; WTI Over $60; Seven New Permits -- March 20, 2019

Best question / observation all week: over at Twitter, "crudehead/#OOTT" is perhaps one of the best analysts. On the other hand, the Reuters London-based oil analyst is good, but he has a decidedly EU attitude toward America. I had wondered about this myself. Where is all the heavy oil the US refiners need coming from?



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WTI: why I love to blog. I posted early this morning that WTI was likely to hit $60 by the end of the day. Whoo-hoo! Morgan Stanley sees WTI at $75 later this summer.
  • D: down 33 cents;
  • Tesla, up $6.44/share
  • XLNX, down 53 cents;
  • UNP, up about 88 cents;
  • AAPL, up $2.12
  • RDS-B, up 1.32%;
  • CVX, flat
  • COP, up 0.71%;
  • BRK-B, down about a percent;
  • NOG, up over 9%;
  • OAS, up almost 4%;
  • EOG, up over 3.5%;
  • EW, down ever so slightly;
  • JAG, down slightly in pre-market trading; we don't often see JAG trading pre-market;
Active rigs:

$60.123/20/201903/20/201803/20/201703/20/201603/20/2015
Active Rigs65584932107

Seven new permits: pending
  • Operators: MRO (4); Equinor (2); EOG
  • Fields: Antelope-Sanish (McKenzie); Last Chance (Williams); Ross (Mountrail)
  • Comments:
    • MRO has permits for a 4-well pad in section 35-152-94 in Antelope-Sanish;
    • Equinor has permits for a 2-well Jake pad in lot 4/section 2-153-100, Last Chance oil field
    • EOG has a permit for a Clearwater well in Ross oil field, lot 1/section 31-157-90;
Three permits renewed:
  • Sinclair: three Crosby Creek permits in Dunn County.

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