If Accurate, OPEC Basket Dropped Almost 6% -- May 26, 2020

OPEC Basket, or as some call it "Saudi hell": $28.06 -- dropped 5.52%; dropped $1.64. It's accurate -- see official OPEC site here.

Or bin Salman's folly. 

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Back to the Bakken

Active rigs:

$34.11	5/26/2020	05/26/2019	05/26/2018	05/26/2017	05/26/2016
Active Rigs	14	65	65	50	29

Three new permits, #37596 - #37598, inclusive --

• Operator: XTO
• Field: Grinnell (Williams)
  Comments: 
• XTO has permits for a 3-well GBU Kelley pad, Grinnel oil field; lot 1 section 03-154-96;  all 132' FNL and all about 1,000' FEL

Four producing wells (DUCs) reporting:

• 35601, SI/A, XTO, Cole 44X-32F, Siverston, t--; cum 50K in 38 days; 39K extrapolates to 49K over 30 days;
• 36963, drl/drl, WPX, Meadowlark 6-34HW, Heart Butte, t--; cum --;
• 36654, drl/A, Bruin, FB Bonita 152-93-9B-10-10B, Four Bears, t--; cum --;
• 36655 drl/A, Bruin, FB Bonita 152-93-9B-10-12T, Four Bears, t--; cum --;