Best Thread Ever; Five DUCs Reported As Completed; No New Permits -- February 17, 2022

Best thread ever. Wow, it took them a long time to come around to what we've been saying for quite some time. Like the past ten years.

And from that thread, from Bloomberg, rigs don't matter (don't take that out of context):

And, more:

We've also said this for years, link here:

And that $72 for Saudi Arabia is low-balling it. Some years ago, it was $100. 

Link here.

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Back to the Bakken

Active rigs:

$91.76	2/17/2022	02/17/2021	02/17/2020	02/17/2019	02/17/2018
Active Rigs	33	15	56	64	56

No new permits.

Five producing wells (DUCs) reported as completed:

• 37242, 3,567, MRO, Denny 11-3TFH,
• 37156, 4,122, MRO, Lowry 44-9TFH,
• 38189, 1,102, CLR, Tallahassee FIU 8-21HSL,
• 38396, 1,330, CLR, Dvirnak 10-7HSL1,
• 38320, 995, CLR, Dvirnak 11-7H,