Active Rigs Drop By Four (4); WTI Surges; Nine New Permits -- October 1, 2018

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Title : Active Rigs Drop By Four (4); WTI Surges; Nine New Permits -- October 1, 2018
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Active Rigs Drop By Four (4); WTI Surges; Nine New Permits -- October 1, 2018

WTI: I don't know about the general reader but when I see $75.50 sitting in that box below -- it is more than just a little remarkable. I've always said $55-WTI (2016 dollars) is the sweet spot -- "okay" for everyone. At $65, with an overweight in oil companies, one could be happy, but wow, $75.50! In an hour or so we will see futures for tomorrow's trading.

Active rigs:

$75.50💪 10/1/2018 10/01/2017 10/01/2016 10/01/2015 10/01/2014
Active Rigs 63 58 33 68 191

Nine new permits:
  • Operators: Bruin (6); Windridge Operating (2), Newfield
  • Fields: Eagle Nest; Portal; Siverston
  • Comments: Windridge Operating has one Madison permits in section E/2-6-163-92 and E/2-7-163-92 --  640-acre drilling unit; it also has a Madison permit in E/2 section 30 and #/2 section 31-164-92, but this drilling unit is 400 acres; meanwhile, Bruin remains on a roll; now with permits for a six-well pad in NENW 29-148-94;


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