| $58.34 | 1/21/2020 | 01/21/2019 | 01/21/2018 | 01/21/2017 | 01/21/2016 |
|---|---|---|---|---|---|
| Active Rigs | 53 | 67 | 58 | 38 | 47 |
One permit renewed:
- Murex: a Patricia Ann permit in Williams County
- Petro-Hunt: two Clark Griswold Federal permits in McKenzie County
Tuesday, January 21, 2020
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NDIC webinar is up. Not a lot new. Said he thinks we'll be flat in DEC and JAN also (weather not bad). But that road restrictions will be a killer in the spring. Froze up very wet ground. So maybe some drop in spring.
ReplyDeleteFlaring getting better. But I really don't care.
Long term production will reflect price and takeaway capacity. Otherwise, I don't see much change, either.
DeleteAssuming we stay north of $55, I think we're lining up for more growth in summer/fall of this year. Maybe another 150,000 bopd or so. Break 1.6 MM bpd at least.
ReplyDeleteMeanwhile little brother, NM, is probably going to break a million in NOV or DEC EIA-914s, yet to come.
It will be interesting to watch the Faux environmentalists in New Mexico watch their boom.
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