North Dakota On Track To Set Record In New Oil And Gas Permits -- Almost 3,000 For Calendar Year 2014 Projected

For newbies: be sure to scroll down through several posts -- wells coming off the confidential list for the last couple of days have all been updated.

This is a big day for earnings reports; those reporting before the market opened, have been posted. The general trend: a huge quarter for oil and gas despite a tough winter.

KOG reports earnings after hours today.

So, where do we stand with permits in North Dakota as of April 30, 2014?

As of April 30, 2014, the state of North Dakota issued 917 oil and gas permits. This does not include permits for salt water disposal wells. It does include at least one permit for a well that will be used strictly for monitoring and will not expected to be a producer. With 917 permits, the state is on track to issue 2,789 permits this calendar year. I assume approximately 50 of these new permits will be canceled at some point in the future.

At this same date in 2013, 820 permits had been issued which projected 2,494 by year's end (2013).

At this same date in 2012, 687 permits had been issued which projected 2,090 by year's end (2012).