10 New Permits Issued Today

The only reason "Ten New Permits Issued Today" is noteworthy is the fact that this is the fourth year of the current North Dakota Bakken book and this is one of the biggest days for new permits. Generally, five to six new permits during this boom and when I see more than eight (8) it is quite noticeable.  Of note, Oasis was granted two permits on the day that it goes public (IPO tonight). Oasis is putting two wells on one pad in Bull Butte. EOG has yet another permit in the very prolific Wayzetta township in the Parshall oil field. This tells me "we haven't seen nothin' yet."

"We're" on track for 1,275 new permits this calendar year.

With ten (10) more permits granted today, North Dakota is on track to issue 1,275 new permits this calendar year (2010). This well exceeds any past year in the current boom.

For comparison with other years, click here.