WTI Plummets; Down Almost 2%; Barely Hanging On To The $58-Handle -- January 13, 2020

Reminder: college football tonight. Clemson and some other team. Geaux Tigers. President Trump and First Lady Melania have just arrived ... to chants of "USA! USA! USA!" What a wonderfully warm reception for the first lady. Mike Bloomberg couldn't buy that kind of photo op for $1 billion. Live video shots of US military serving overseas. 

Dow futures: up 14 points but to some extent that's an "overhang" from today's market.

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"Plummets" may be too strong a word, but considering how far it had already fallen; and, despite tensions in the Mideast, for WTI falling almost 2% in one day seems to be a bit noteworthy.

Active rigs:

$58.01	1/13/2020	01/13/2019	01/13/2018	01/13/2017	01/13/2016
Active Rigs	54	67	55	36	51

Five new permits, #37335 - #37339, inclusive

• Operator: Whiting
• Fields: Sanish (Mountrail); Dollar Joe (Williams)
• Comments:
• Whiting has permits for a 3-well Miller pad in section 10-153-92, Sanish oil field
• Whiting has permits for a 2-well Ark pad in section 15-155-97, Dollar Joe oil field

Five permits renewed:

• EOG (3) two Sidonia permits and one Parshall permit, all in Mountrail County
• RimRock (2): two Charging Eagle permits, both in Dunn County