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Thursday, March 5, 2020

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:

$45.873/5/202003/05/201903/05/201803/05/201703/05/2016
Active Rigs5469614535

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)

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