Five New Permits; WTI Trading Right At $63 -- May 16, 2019

WTI: things can't be too bad in the Mideast; WTI did go up 1.6%; up over a dollar, now trading at $63.04. 

Active rigs:

$63.04	5/16/2019	05/16/2018	05/16/2017	05/16/2016	05/16/2015
Active Rigs	65	59	50	28	83

Five new permits:

• Operators: CLR (4); Crescent Point Energy
• Fields: Murphy Creek (Dunn County), Rainbow (Williams)
• Comments:
• CLR has permits for a 4-wellJack pad in lot 1/section 4-145-95, Murphy Creek
• Crescent Point Energy has a permit for a single CPEUSC Dorothy well in section 30-158-98, Rainbow oil field

Five producing wells (DUCs) reported as completed:

• 34049, 4,527, MRO, State Kreiger 14-36H, Bailey, t4/19; cum 185K 4/20; section 36-146-94;
• 34048, 2,849, MRO, State Kelling 14-36TFH, Bailey, t4/19; cum 104K 4/20; section 36-146-94;
• 34050, 3,562, MRO, State Oster 14-36TFH, Bailey, t4/19; cum 75K 4/19; seemed to struggle early on; section 36-146-94;
• 34044, 4,519, MRO, Rafter 44-35H, Bailey, t4/19; cum 179K 4/20; section 35-146-94;
• 34046, 3,091,  MRO, Two Bar 34-55H, Bailey, t4/19; cum 152K 4/20; section 35-146-94;
• neighboring wells:
• 16736, just returned to production; see recent production profile below; Bill Connolly; back on line 3/19;
• 25484, off line; remains off lien 4/20;
• 25482, off line for only two months, early 2019; back on line 4/19;

A neighboring well:

• 16736, 377, MRO, Bill Connolly 21-25H, Bailey, t1/08; cum 233K 3/19; recent production; note, 4,502 bbls over 5 ays extrapolates to 27,000 bbls over 30 days; see first comment -- was re-fracked (part of the MRO re-fracking program in the Bailey ...

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2019	5	4502	3755	20278	3154	557	2030
BAKKEN	2-2019	0	0	0	0	0	0	0
BAKKEN	1-2019	0	0	0	0	0	0	0
BAKKEN	12-2018	0	0	0	0	0	0	0
BAKKEN	11-2018	1	23	440	3	19	6	9
BAKKEN	10-2018	31	844	680	243	786	420	128
BAKKEN	9-2018	30	817	910	143	766	478	58