Six New Permits; Including A Peregrine Petroleum Permit -- June 7, 2019

Active rigs:

$54.08	6/7/2019	06/07/2018	06/07/2017	06/07/2016	06/07/2015
Active Rigs	64	60	52	26	82

Six new permits: 

• Operators: Petro Harvester Operating Company, LLC (4); Peregrine Petroleum Partners, LTD; and, Whiting
• Fields: Lignite/Flaxton (Burke); Covered Bridge (McKenzie), Sanish (Mountrail)
• Comments:
• this is the first time in a long time that we've heard from Peregrine; Peregrine has a permit for a single Larson well in section 15-146-102, Covered Bridge oil field; Peregrine has eleven permits in North Dakota;
• Whiting has a permit for a single Fladeland well in section 26-153-91, Sanish oil field;I don't track the Fladeland wells but one can get an idea of the Fladeland wells at this post;
• Petro Harvester has permits for a four-well Lig2 pad in section 2-162-91, in Flaxton/Lignite oil fields

Peregrine: this is the information I have on Peregrine over at "Bakken operators" --

Peregrine Petroleum Partners, LTD: website; 

• acquires producing and non-producing property in the heart of the Bakken; to include 22 producing wells, March 9, 2019;
• acquiring royalty property in Divide County, press release, March 3,  2018
• May 6, 2016: a permit for a well in Hay Draw field, McKenize County
• April 16, 2015: Peregrine Petroleum: has six permits in North Dakota; the previous five were back in the early 1990's; this is the first new permit in North Dakota in two decades for Peregrine:
  
• 23920, Peregrine Petroleum, Covered Bridge-Bakken, establish a 1280-acre unit; 4 wells, McKenzie; Covered Bridge is a 3-section field in south central McKenzie County, far from the sweet spots in McKenzie; Peregrine did have some Bakken wells back in the 1990's; there is a huge Birdbear well in this little section that has produced almost 500,000 bbls since 1983; a stripper well now
• March 13, 2015: Peregrine drilled five (5) Bakken wells many years ago; all very short horizontal wells in the far south-central/west McKenzie County (currently not much activity); they are all still active and producing, albeit very, very little; this is the company's first permit in North Dakota since 1993

One dry hole:

• 35419, dry/PNC, Kraken Operating, Dragseth 9-4 2TFH, Winner, from the file report:
• "Due to a decrease in oil price and in an effort to keep a positive cash flow, Kraken Operating, LLC, has pulled the Nabors B22 rig from our Dragseth location prior to drilling all wells to TD....at this time we plan to have the Nabors B-22 rig returning to this location by 10-16-19 to continuing drilling the remaining wells to TD."
• the daily activity report calls this a "dry" well; in fact, the scout ticket calls it "PNC." The latter is, obviously, more correct. 
• there are "no" dry wells in the Bakken; we've discussed this before

Six producers abandoned:

• 03844, Hess, Beaver Lodge-Silurian
• 18631, Hess, Blou 12 in Williams County
• 17520, CLR, JDT 24-10SH, in Bowman County
• 10071, Rampart Energy, Jellesed in Mountrail County
• 12196, Hess, T. Lalim in Williams County
• 17899, Lime Rock Resources, Stroh 11-1H, in Dunn County

One producing well (a DUC) reported as completed:

• 35091, 3,237, Hess, AN-Bohmbach-153-94-2734H-10, Sanish, t5/19; no production data; the Bohmbach wells are some huge wells and are tracked here;