WTI Plunges Over 7%; Down $4.28; Trading At $54.30

Oil: worst day since 2016; WTI suffers worst day in four years (?); blamed on Trump tariff announcement.

10-year bond: lowest since 2016.

Dividends: automatic reinvesting -- making America great.

Jobs (link here):

• prior: 206K
• revised prior: 207K
• forecast: 214K
• actual: 215K

Warning: China and American tech companies (Apple, e.g.) were given warning at least a year ago Trump would raise tariffs if there was no movement toward a more level playing field. This, too, will pass. 

Kellogg: up almost 10% today; who wudda guessed?


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Back to the Bakken

Active rigs:

$54.30	8/1/2019	08/01/2018	08/01/2017	08/01/2016	08/01/2015
Active Rigs	58	63	60	34	74

Five new permits, #36805 - #36809, inclusive:

• Operator: RimRock
• Field: Heart Butte (Dunn County)
• Comments:
• RimRock has permits for a 5-well "gem" pad in lot 1 / 2cion 18-148-92, Heart Butte oil field

One permit renewed:

• Enerplus: a Wallaby permit in McKenzie County

One permit canceled:

• Petro-Hunt: a USA permit in McKenzie County

producing wells (DUCs) reported as completed: pending