WTI Drops Below $47; Down Almost 5% -- February 27, 2020

Headline: Saudis slash March, 2020, crude oil exports to China as demand slumps.

Gasoline demand, link here. 

********************************************

Back to the Bakken 

Active rigs:

$46.43	2/27/2020	02/27/2019	02/27/2018	02/27/2017	02/27/2016
Active Rigs	50	66	57	41	38

Two new permits today, #37414, - #37415, inclusive:

• Operator: Kraken
• Field: Lone Tree Lake (Williams)
• Comments: 
• Kraken has permits for a two-well Redfield Central pad in NENW section 25-157-99, Lone Tree Lake oil field.

Ten wells approved for confidential status:

• Whiting: Ogden (3), Fladeland (2), Sondrol (1), Rauser (3), Harvey, (1).

No permits canceled.

No permits renewed.

No producing wells (DUCs) reported as completed: