Full Speed Ahead, Damn The Torpedoes -- CLR WIth Eight More Permits; Active Rig Count Drops By One; WTI Holds Above $63 -- April 19, 2021

Saudi: oil in storage. Starting about now, Saudis will start increasing their domestic consumption of oil for generating electricity for air conditioning.

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Back to the Bakken

Active rigs:

$63.43	4/19/2021	04/19/2020	04/19/2019	04/19/2018	04/19/2017
Active Rigs	16	32	63	59	50

Eight new permits, #38263 - 38270, inclusive --

• Operator: CLR
  
• Fields: Chimney Butte (Dunn County); Jim Creek (Dunn County)
  
• Comments:
• 38263, conf, CLR, Pletan 9-18H1, Jim Creek, 365 FNL 1600 FEL NWNE 18-146-95,
• 38264, conf, CLR, Pletan 10-18H, Jim Creek, 365 FNL 1555 FEL NWNE 18-146-95,
• 38265, conf, CLR, Pletan 11-18H1, Jim Creek, 365 FNL 1510 FEL NWNE 18-146-95,
• 38266, conf, CLR, Dvirnak 12-8HSL1, Chimney Butte, 325 FSL 760 FWL SWSW 8-146-95,
• 38267, conf, CLR, Pletan 12-18HSL, Chimney Butte, 325 FSL 805 FWL SWSW 8-146-95,
• 38268, conf, CLR, Jensen 8-8HSL, Chimney Butte, 325 FSL 850 FWL SWSW 8-146-95,
• 38269, conf, CLR, Jensen 9-8H1, Chimney Butte, 325 FSL 895FWL SWSW 8-146-95,
• 38270, conf, CLR, Mittlestadt 9-17H1, Chimney Butte, 325 FSL 940 FWL SWSW 8-146-95,
• The CLR Pletan-Dvirnak pad is tracked here.  
• The CLR Mittlestadt pad is tracked here.
• The CLR Jensen wells are noted here.

Four producing wells (DUCs) reported as completed:

• 34630, SI/A, Whiting, Tarpon Federal 34-20-1TFH, Sand Creek, first production, 2/21; t--; cum 29K over 19 days; Tarpon Federal wells are tracked here;
• 34631, SI/A, Whiting, Tarpon Federal 34-20-1H, Sand Creek, first production, 1/21; t--; cum 37K over 26 days; Tarpon Federal wells are tracked here;
• 35193, SI/A, Whiting, Tarpon Federal 34-20-3H, Sand Creek, first production, 1/21; t--; cum 40K over 24 days; Tarpon Federal wells are tracked here;
• 36682, drl/A, Hess, BL-Iverson C-155-96-2314H-9, Beaver Lodge, first production, 6/20; t--; cum 110K 2/21; parent well, #16400, no halo effect; taken off line for several months; back line 9/20; producing since 2007, only 164K bbls;