At $49.89-Brent, It's Quickly Becoming An Existential Issue For Saudi Arabia -- March 5, 2020

Coronavirus Update

March 5, 2020, tracked here:

• Italy out of control: 769 new cases. Compare with --
• China: 160
• South Korea: 467
• Iran: 591  
• US: 51; with one new death; 12 / 209 = 5.7% fatality rate
• the US numbers will now start to rise very, very quickly
• that's the nature of infectious diseases
• more testing will be done as more and more test kits become available
• quarantine is entirely voluntary (it was reported this past week that a numbskull from New Hampshire visited his physician for fever/cough; was diagnosed to have coronoavirus infection; told to quarantine at home; instead, went to a "mixer" that night for medical professionals)
• huge amount of travel between Seattle/Silicon Valley and China
• Deaths 
• With 41 new deaths today, Italy has recorded almost 30% more new deaths than China (32) today. The Chinese number is "final" for the day; the Italy number could yet rise.
• Almost all EU cases can be traced back to Italy, and many cases around the world can be traced back to Italy.

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Back to the Bakken

Active rigs:

$45.87	3/5/2020	03/05/2019	03/05/2018	03/05/2017	03/05/2016
Active Rigs	54	69	61	45	35

Two new permits, #37429 -- #37430, inclusive --

• Operator: Hess
• Field: Alkali Creek (Mountrail)
• Comment:
• Hess has permits for a two-well EN-Madisyn pad in Alkali Creek, section SWSE 7-154-94.

Three permits canceled:

• EOG (2): two Clarks Creek permits, both in McKenzie County;
• XTO: an Abby Federal permit in Dunn County

A producing well (a DUC) reported as completed: pending.

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Two Days Old

MatthewMark (Baby A)

LukeandJohn (Baby B)