CLR Suspends Dividend; CLR With Two New Permits; ND Rig Count Drops To 36 -- April 7, 2020

CLR: announces suspension of dividend and production update.

Weekly crude oil build: API estimates 11.938 million bbls vs a forecast of 9.27 million bbls. We will see EIA's crude oil report tomorrow.

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Back to the Bakken

Active rigs:

$24.31	4/7/2020	04/07/2019	04/07/2018	04/07/2017	04/07/2016
Active Rigs	36	62	58	49	31

Two new permits, #37499 - #37500, inclusive --

• Operator: CLR
• Field: Indian Hill (McKenzie County)
• Comments:
• CLR has permits for two Harrisburg wells in SESE 34-153-101, Indian Hill

Three Kraken wells with name changes:

• no significant change