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Tuesday, July 7, 2026

Only One New Permit; One DUC Reported As Completed -- July 7, 2026

Locator: 51129B.

WTI: $70.44. Not huge, but definitely trending higher.  Later -- that was earlier today, now, early evening, WTI is at $72.43

Trump has taken action; responded to the missile attacks on sea-going traffic trying to transit the Strait.  Oil companies across the board did very, very well today. CENTCOM now launching a "series of powerful strikes against Iran." So far, "tit for tat." The question: when will Trump really get serious about the fact that he means business and the strait will remain open and free. Or is willing to negotiate that away. If he does, he's going to lose a lot of his base.

Active rigs: 25.

One new permit, #43094 -

  • Operator: EOG
  • Field: Clear Water
  • Comments: 
    • EOG has a permit for a Clearwater well, NENE 31-157-90, 
      • to be sited 275 FNL and 461 FEL.

One producing well (a DUC) was reported as completed:

  • 42394, 846, Ale 2436-4BH, Divide County.