WTI Recovers A Bit; North Dakota Rig Count Drops To 52 -- March 19, 2020

Active rigs:

$25.91	3/19/2020	03/19/2019	03/19/2018	03/19/2017	03/19/2016
Active Rigs	52	66	58	47	32

Five new permits, #37457 - #37461, inclusive --

• Operator: Petro-Hunt
• Field: Phelps Bay (McKenzie)
• Comments:
• Petro-Hunt has permits for a five-well USA pad in section 24-153-95, Phelps Bay; the pad is sited in section 24, Charlson oil field, but it appears the horizontals will run north into sections 13/12, in Phelps Bay (add these five to another three March 20, 2020).

SWD:

• 37456, SWD, CLR, LCU Asgard SWD, Long Creek, not sure if NDIC has changed their numbering system or if this was originally permitted as an oil & gas well; it's on confidential so will have to wait to find out;