One New Permit; WTI Settles Down For The Day -- Bloomberg Calls It A Crisis -- February 18, 2021

Reality sucks: everyone has toilet paper, but now we don't have water. Welcome to the Jill and Joe show.

- 52°F: that was the low in some parts of North Dakota with most recent "global warming" event. Just imagine, if it weren't for global warming, it would have been -56°F. I'll bet those roughnecks in the Bakken and the Permian would have voted for a bit more global warming. I honestly don't get it. It seems either God or Mother Nature is trying to catch Joe's attention. Won't happen. The gullibility of humanity.

Speaking of gullibility: have you all noticed how fast Covid-19 is disappearing? And to think the vaccine was not even available when Joe "Mask" Hiden was sworn in. 

Algore: the entire Arctic will be devoid of ice by 2013.

Weekly EIA petroleum report: pending.

US LNG: exports set to exceed pipeline gas exports next year. Link here. 

Crisis: Bloomberg. Crisis; oil prices surging. In fact, WTI down over 1% today, closed at $60.52. I might come back to this later, if I don't forget.

***********************************
Back to the Bakken

Active rigs:

$60.52	2/18/2021	02/18/2020	02/18/2019	02/18/2018	02/18/2017
Active Rigs	15	56	64	56	40

One new permit, #38157:

• Operator: Crescent Point Energy
• Field: Winner (Williams)
• Comments:
• Crescent Point Energy has a permit for a CPEUSC Sylven well in SESW 11-158-100;
• 380' FSL 2275" FWL

Two permits canceled:

• EOG: a Parshall permit in Mountrail County
• Crescent Point Energy: a CPEUSC Reed permit in Williams County;