I.N.C.R.E.D.I.B.L.E. --> Twelve (12) New Permits Today -- Bakken, North Dakota, USA

Producers: CLR (4), Whiting (2), Marathon (2), Hess (2) , EOG, Samson Resources.

Fields: Sanish, Moccasin Creek, Parshall, Haystack Butte, Ambrose, North Tioga, Robinson Lake, McGregor, Dollar Joe, and a wildcat.

The two Marathon wells will be on the same pad in Moccasin Creek oil field.

The Two Hess wells will be on the same pad in Robinson Lake oil field.

Whiting continued a pattern noted some time ago earlier this year: one permit in its cash cow, the Sanish field, and a wildcat (this one in McKenzie County). If one wants to see how Whiting is financing its wildcats in the Williston Oil Basin, click here. Remember, once a well has produced 100,000 barrels of oil, it is on its way to paying for itself. Most of these Whiting wells will have reached 100,000 barrels in less than two years. Bakken wells are expected to produced for 25 - 30 years and EURs in the best Bakken are expected to reach 750,000 and more. Considering some are already at 300,000 bbls and less than three years old, I expect we could see even better numbers. I probably won't be around to see them.

No IPs were reported today on the daily activity report.