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