Twelve DUCs Reported As Completed; MRO WIth Seven Huge DUCs; North Dakota Rigs At 57; WTI Flat For The Day -- July 11, 2019

US markets -- closing highs:

• S & P 500: can you believe it -- less than a point from closing above 3,000
• Dow 30: surges almost 300 points before "fear" takes over -- closes at 27,088 -- first time ever, over 27,000
• NASDAQ: 52-week high was 8,228.60; closed today at 8,226.18, losing 6.49 points by the close

Two words: plastic straws.

Along with "peak oil," another "truthism" bites the dust:

With global warming, we have a trifecta. Or a hat trick. LOL.

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Back to the Bakken

Active rigs:

$60.41	7/11/2019	07/11/2018	07/11/2016	07/11/2015	07/11/2014
Active Rigs	57	65	29	73	190

Six new permits, #36720 - 36725, inclusive:

• Operator: CLR
• Fields: Siverston (McKenzie), Pershing (McKenzie)
• Comments: CLR has permits for a 6-well Vardon/Bailey pad in section 14-150-97, Siverson/Pershing oil fields

Twelve producing wells (DUCs) reported as completed:

• 35793, 1,328, Kraken Operating, Rixey 33-28 5H, Lone Tree Lake, t6/19; cum --;
• 35792, 738, Kraken Operating, Rixey 33-28 4TFH, Lone Tree Lake, t6/19; cum --;
• 32919, 2,335, XTO, Nygaard Federal 13X-5B, Lost Bridge, t3/19; cum 58K in two months;
• 35268, 2,801, MRO, McCrory 44-35TFH, Bailey, t4/19; cum 41K in 46 days;
• 34047, 2,860, MRO, Lucas 34-35TFH, Bailey, t4/19; cum 58K in 48 days;
• 35267, 2,427, MRO, Catherine 44-35H, Bailey, t4/19; cum 55K in 50 days;
• 33869, 3,132, MRO, Wickett 24-35TFH, Bailey, t4/19; cum 40K in 34 days;
• 33871, 3,053, MRO, Rummel 24-35TFH, Bailey, t5/19; cum 32K in 27 days;
• 33872, 2,361, MRO, Lawrence 34-35H, Bailey, t5/19; cum 22K in 21 days;
• 33870, 4,149, MRO, Arthur 24-35H, Bailey, t5/19; cum 48K in 33 days;
• 35302, 964, Hess, BL-Domy-156-95-2932H-6, Beaver Lodge, t5/19; cum 13K in 13 days;

32173, 1,812, Hess, CA-Anderson Smith-155-96-2635H-6,