Wednesday, July 31, 2019

Only One New Permit Today -- July 31, 2019

Whiting: apparently Whiting cuts one-third of its work force. From twitter:


WTI: for those not watching -- WTI rose by ... drum roll -- one shiny copper penny today.

Hunch: after the Fed cut rates and WTI rose ... drum roll ... one cent, my hunch is that we will see this headline over at oilprice: WTI Surges After Fed Cuts Rates. 

Active rigs:

$58.067/31/201907/31/201807/31/201707/31/201607/31/2015
Active Rigs5863613574

One new permit, #36804:
  • Operator: MRO
  • Field: Reunion Bay (Mountrail)
  • Comments:  MRO has a permit for a new Floyd USA well in lot 2 / section 4-151-93, Reunion Bay
And that was all.

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