No New Permits; WTI Remains Below $40 -- July 1, 2020

OPEC:

• production falls to three-decade low
• OPEC basket: still under $40, at $38.22

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Back to the Bakken

Active rigs:

$39.82	7/1/2020	07/01/2019	07/01/2018	07/01/2017	07/01/2016
Active Rigs	11	60	67	58	30

No new permits. No reports other than the previously reported wells that came off the confidential list today.