One Hundred Eighteen Permits Renewed In The ND Bakken This Past Week -- July 10, 2020

Updates

Permits renewed in week of July 13, 2020:

Twenty-four permits renewed -- the eighth consecutive day that 20+ permits have been renewed in the ND Bakken:

• Bruin (10): ten Forth Berthold permits, all in section 19-148-94, Dunn County;
• CLR (5): two Olympia permits; two Charleston permits, and a Juneau permit all in Williams County;
• Lime Rock (5): three Mariner permits in Burke County and two Reuben Schneider permits in Dunn County; 
• XTO (3): one Harley Federal permit in McKenzie County
• Whiting: one USA Federal permit in McKenzie County

Twenty-three permits renewed (the seven consecutive business day in which 20 or more permits were renewed):

• BR (7): one Sanmuri permit,  four Muri permits, two Remington permits, all in McKenzie County;
• EOG (7): seven Burke permits in Mountrail County;
• Equinor (6): three Larsen permits and three Lucy Hanson permits, all in Williams County
• Enerplus (3): one Ridley, one Loggerhead, and one Aldabra permit, all in McKenzie County;

Twenty permits renewed, July 13, 2020:

• Hess (9): three EN-Kiesel permits in Mountrail County; six SC-JW Hamilton permits in Williams County;
• CLR (5): three Morris permits and two Carson Peak permits, all in McKenzie County; the scout tickets show these permits at PNC, so it's nice to see them renewed; the CLR Carson Peak/Morris wells are tracked here;
• XTO (4): four Twin State Federal permits in McKenzie County
• Petro-Hunt (2): one USA permit and one Louis Tully Federal, both in McKenzie County

*****************************************

Later, 8:51 p.m. CDT: a reader noted that North Dakota is waiving the $100-fee to renew permits. Link here. 

Commissioners also heard a report on the Bakken Restart Task Force’s work, which is looking at ways to speed recovery for the North Dakota oil and gas sector.

Helms said a comprehensive review of regulations affecting the oil and gas industry is under way, to see if any need to be lifted.

Some things have already been implemented. Among these, a $100 fee for renewing a drilling permit has been waived beginning July 1 through Dec. 31.

“What we want is if somebody is looking at renewing a permit in Texas versus renewing a permit in North Dakota, we want to have the competitive advantage,” Helms said.

“That this is the one they renew and this is the one that gets a rig first.” 

Much, much more at the link.

A Bakken well costs in the neighborhood of $6 million plus or minus a couple of million. To renew a permit for one year: $100.

My hunch: if there's a direct correlation between permit renewals and waiving the $100-renewal fee, let's see what happens when the state cuts the production and/or extraction taxes. LOL.

 Original Post

One comment: lots of work left to be done in the Bakken.

This is really quite unprecedented. Over the past five days a total of 118 permits were renewed in the ND Bakken.

The NDIC averages about six new permits each day. In fact, this week, the NDIC reported only nineteen new permits. In comparison, there were more than twenty permits renewed each day this week.

I do not ever recall seeing this happen before.

Much could be said about this. Look at the operators below.

July 10, 2020: twenty-one permits renewed:

• Oasis (10): five Slagle permits in McKenzie County; five Domalakes permits in Burke County;
• Hess (9): two RS-State permits in Mountrail County; six S Ramberg permits in Williams County; one Beauty Valley permit in Williams County
• Slawson (2): two Nightmaker permits in Mountrail County

July 9, 2020: twenty-two permits renewed:

• Rimrock Oil & Gas (8): seven Skunk Creek permits and one Moccasin Creek permit, all in Dunn County 
• SHD (7): one permit each, all in McLean County: Epsilon, Delta, Demeter, Cheetah, Narcissus, Poseidon, and Zeta;
• Whiting (4): one Pronghorn Federal and two USA Federal permits, all in McKenzie County; a Kessel Federal permit in Williams County;
• Slawson: a Gunslinger Federal in McKenzie County;
• Liberty Resources: a Sundhagen C permit in Williams County
• Newfield: a Moberg Federal permit in McKenzie County

July 8, 2020: twenty-six permits renewed:

• BR (12): three Lillibridge permits in McKenzieCounty; two Patton permits in Dunn County; two Sandie permits in McKenzie County; two Shafer permits in McKenzie County; and, three West Kellogg permits in McKenzie County
• Rimrock Oil & Gas (6): six Skunk Creek permits in Dunn County;
• Hess (4): four BB-State A permits in McKenzie County;
• CLR (4): four Pasadena Federal permits in McKenzie County;

July 7, 2020: twenty-three permits renewed:

• CLR (10): two of each of the following: Dennis, Flint Chips (all four in Dunn County); Berlain (both in McKenzie); Charleston and Olympia (all four in Williams County);
• CPEUSC (8): four CPEUSC Narcisse permits; four CPEUSC Austin permits5, Williams County
• Lime Rock (3): three Harlson Rebsom permits in Dunn County
• EOG (2): two Austin permits in Mountrail County (spelled incorrectly on the DAR)

*****************************

The Nature Page

While kayaking with Sophia on Grapevine Lake, north Texas: