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Title : WTI Drops Along With The Equity Market -- August 10, 2017
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WTI Drops Along With The Equity Market -- August 10, 2017

Active rigs:

$48.49↓	8/10/2017	08/10/2016	08/10/2015	08/10/2014	08/10/2013
Active Rigs	57	33	72	193	184

Six new permits:

• Operators: MRO (4), BR (2)
• Fields: Bailey (Dunn); Edge (McKenzie)
• Comments: first time I've seen permits in Edge oil field (probably just forgot but very rare); MRO has permits for a 4-well pad in SESW 35-146-94

Eight permits renewed:

• Petro-Hunt (6): four USA permits; two Phelps trust permits; all six in McKenzie County
• EOG (2): two Austin permits, Mountrail County

Bakken Hunter: according to the NDIC, Bakken Hunter has about 30 permits/wells in North Dakota; no permits for Magnum Hunter at that site. At "Bakken Operators" this is the information regarding Bakken Hunter since 2013 (the usual disclaimer):

Magnum Hunter Resources (MHR) (Bakken Hunter is the subsidiary working the Bakken;)

• emerged from bankruptcy protection in 2016; emerges as Blue Ridge Mountain, Inc.; exited the Bakken in 2017
• December 16, 2015: files for bankruptcy protection. 
• September 27, 2014: looking to leave North Dakota; SeekingAlpha, Richard Zeits
• June 3, 2014: 97,000 net acres in North Dakota; Bakken acreage big in Canada, MT
• August, 2013: 377 net drilling locations in the North Dakota Bakken; 
• Will align its wells with existing ONEOK natural gas pipelines; 
• March 2013

 

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