Friday, March 20, 2026

Three New Permits; WTI Surges At End Of Day -- March 20, 2026

Locator: 50276B.

WTI: $98.23. Up almost $3 at the end of the day. 

Netanyahu wants to dial it back after a lecture from Trump, but Iran appears to be doubling down, continues to wreak havoc on energy sites among neighbors. The GCC won't let Trump leave until this is sorted out. 
Trump could take the gloves off if any US Marines are hit. 
Or if holy sites in Israel are hit. The "Wailing Wall" was within 300 yards of being destroyed today (an accidental / collateral hit). 

Active rigs: 25. 

Three new permits, #42777 - #31780, inclusive:

  • Operators: CLR (2); Silver Hill Energy;
  • Fields: Beaver Lodge (Williams); Gros Ventre (Burke)
  • Comments:
    • Silver Hill Energy has a permit for an MT E permit, NWNE 24-159-93, 
      • to be sited 465 FNL and 1535 FEL; 1920-acre spacing;
    • CLR has permits for two Langved wells, SESW 2-155-95, 
      • to be sited 420 FSL and 2555 / 2619 FWL; 1920-acre spacing.