Two New Permits; CLR Is Realy Active In The Brooklyn Oil Field -- October 15, 2018; North Dakota Back To 69 Active Rigs Going Into The Fall

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Title : Two New Permits; CLR Is Realy Active In The Brooklyn Oil Field -- October 15, 2018; North Dakota Back To 69 Active Rigs Going Into The Fall
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Two New Permits; CLR Is Realy Active In The Brooklyn Oil Field -- October 15, 2018; North Dakota Back To 69 Active Rigs Going Into The Fall

Active rigs:

$71.78 10/15/2018 10/15/2017 10/15/2016 10/15/2015 10/15/2014
Active Rigs 69 59 31 66 190

WTI: have we seen the recent bottom? WTI's floor of $70 held; it seems the Saudi Khashoggi affair could affect price of oil either way (up/down); it seems like there are more factors likely to drive the price of WTI up rather than down; 

Two new permits:
  • Operator: CLR
  • Field: Brooklyn (Williams)
  • Comments: wow, CLR is really active in the Brooklyn oil field; coincidentally, I updated many of the wells in Brooklyn oil field earlier this afternoon; Brooklyn oil field is tracked here; I've always considered Brooklyn oil field a mediocre (at best) oil field in the Bakken, but CLR seems to really testing this field. We're going to see a lot of effect on older wells when newer wells are drilled. See graphic of field below and at the link.
permits canceled: pending
permits renewed: pending
producing wells (DUCs) reported as completed: pending


Brooklyn oil field (see above):



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