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?

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

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:

$60.12	3/20/2019	03/20/2018	03/20/2017	03/20/2016	03/20/2015
Active Rigs	65	58	49	32	107

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.