Brent At $69.65; WTI At $67.17; No New Permits; Eigth Permits Renewed -- May 27, 2021

From May 20, 2021, link here:

Over on twitter earlier today, someone asked, "where are all the $70-Brent bulls now?"

My reply: "Quietly buying Chevron stock."

Brent May 20, 2021: flat, down 3 cents. Trading at $65.

Today:

• Brent: $69.65
• CVX: $102.88

Quietly buying CVX. 

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

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Active rigs:

$67.17	5/27/2021	05/27/2020	05/27/2019	05/27/2018	05/27/2017
Active Rigs	20	11	65	65	50

No new permits.

Eight permits renewed:

• Ovintiv (5): four Sailfish permits in McKenzie County and one Gariety permit, also in McKenzie County;
• Resource Energy Can-Am: one Grays state permit in Divide County;
• Iron Oil Operating: one Bear Butte permit in McKenzie County;

Two permits canceled:

• WPX: two Edward Goodbird permits in Dunn County;

One re-completed well #12607:

• 12607, 69, Cobra Oil, Haydraw 28-24F, Hay Draw, Birdbear, t2/90; cum 201K 3/20; intermittent since then;
• 12607, AR, Cobra Oil, Haydraw 28-24F, Hay Draw, Red River, 9/23/19, no data;
• 12607, AR, Cobra Oil, Haydraw 28-24F, Hay Draw, Stonewall, 9/23/19, no data;