Active rigs:
| $70.23 | 6/8/2021 | 06/08/2020 | 06/08/2019 | 06/08/2018 | 06/08/2017 |
|---|---|---|---|---|---|
| Active Rigs | 20 | 12 | 64 | 61 | 52 |
No new permits.
For whatever reason there certainly seems to be significant discipline and/or restraint in the Bakken. There is no evidence that operators are expediting their CAPEX plans. I think they're waiting for President Biden's environmental plans to kick in, pushing WTI to $80 or higher. A lot of very smart folks are investing based on predictions of $100-WTI sooner than later. Too many folks think, that with regard to oil vs EVs, 2050 is already here. I think those folks are going to be in for a (c)rude shock.
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