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:

$58.06	7/31/2019	07/31/2018	07/31/2017	07/31/2016	07/31/2015
Active Rigs	58	63	61	35	74

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.