Eleven (11) New Permits In North Dakota; Iraqi Updates Continue

WTI oil currently 4 cents shy of $107/bbl; not having the Keystone XL North in place certainly helps the Bakken mineral owners; whoo-ah! Brent just took a huge jump of more than $3.00 an dis just above $113/bbl. The spread: about $6. 

Remember: high oil prices can hurt earnings for Bakken operators who have hedged for lower ceilings.

Disclaimer: this is not an investment site. Do not make any investment decision based on what you read here or what you think you may have read here.

Permitted for re-entry:

• 16686, 379, MRO, Shobe 24-20H, Reunion Bay, t2/08; cum 106K 4/14; permitted for re-entry; see my post of December 24, 2013, for MRO and re-fracking/re-entry;

Wells coming off confidential list when Mr Obama is in North Dakota:

• 24756, drl, Statoil, Melissa 31-30 4H, East Fork, no production data,
• 25108, drl, CLR, Bonney 5-3H1, Jim Creek, no production data,
• 25394, see below, Oasis, Baxter 5200 11-28T, Camp, a big well,
• 25552, drl, Zavanna, Bear Cat 333-28 3TFH, Williston, no production data,
• 25710, 556, OXY USA, State Kary 3-19-18H-144-96, Murphy Creek, t11/13; cum 45K 4/14;
• 25847, 2,701, Oasis, Ceynar 5200 11-28B, Murphy Creek, t12/13; cum 66K 4/14;
• 26383, 302, Oasis, Delia 5992 14-30H, Cottonwood, t4/14; cum 5K 4/14;
• 26869, drl, XTO, Cindy Blikre 41X-2D, Lindahl, no production data,
• 27049, 1,189, CLR, Putnam 1-25H, East Fork, t3/14; cum 45K 4/14;

25394, see above, Oasis, Baxter 5200 11-28T, Camp:

Date	Oil Runs	MCF Sold
4-2014	13540	0
3-2014	7576	7408
2-2014	14366	0
1-2014	24021	0
12-2013	17358	5641

 27049, see below, CLR, Putnam 1-25H, East Fork:

Date	Oil Runs	MCF Sold
4-2014	19218	139
3-2014	23443	5
2-2014	1748	0

Eleven (11) new permits --

• Operators: EOG (3), Whiting (3), CLR (2), Newfield (2), Hunt,
• Fields: Parshall (Mountrail), Sanish (Mountrail), Banks (McKenzie), Siverston (McKenzie), Zahl (Williams
• Comments:

Wells coming off the confidential list today were posted earlier see sidebar at the right.

Four (4) producing wells completed:

• 25023, 131, Sinclair, Martens 4-4TFH, Sanish, one-section spacing; t5/14; cum --
• 25798, 349, CLR, Lannister 1-23H1, Leaf Mountain, spacing ICO, t6/14; cum --
• 25799, 487, CLR, Vibe 1-26H1, Leaf Mountain, 2-section spacing, t5/14; cum --
• 26258, 795, CLR, Oneil 1-28H1, Stoneview, t6/14; cum --

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Headlines: The Week Iraq Fell

From numerous sources, including CNN

• Obama says Iraq is going to need more help -- this was at 1:27 p.m EDT, June 12, 2014, after the 2nd largest city fell; a third city fell, and the Sunnis were "sweeping" toward Baghdad
• Iraq: one of Obama's greatest achievements -- VP Joe Biden, June 12, 2014
• White House has difficulty coming up with any foreign policy achievements, June 11, 2013
• CNN's Wolf Blitzer says White House was caught completely off guard
• If one looks at the photograph at Drudge, one will see this is one heck of a coordinated attack;
• Waiting for SecState to tell us this was in response to a video shown by Michael Moore
• Obama says he rules out nothing (except "no boots on ground" and no airstrikes; he's talking to his admirals now
• Iraq anarchy spiral
• Terrorists are a "full-blown" army
• Medieval Sharia law imposed
• Maliki Army collapses
• Prime Minister asks USA for air strikes; US refuses; Obama considers drawing a "red line" on the map
• Iran deploys forces
• Americans evacuated
• Germany calls on citizens to leave immediately 
• Vets in Congress: "What was point of all that?"
• Oil soars
• Illegal aliens: the future of America -- President Obama, say what?

From the linked CNN story above:

"So my [Obama] team is working around the clock to identify how we can provide the most effective assistance to them," Obama said. "I don't rule out anything because we do have a stake in making sure that these jihadists are not getting a permanent foothold in either Iraq or Syria, for that matter."

However, a senior administration official followed up by saying the use of American ground forces is not under consideration.

"No boots on the ground. Not being considered," the official said.

Earlier he ruled out air strikes, so that pretty much leaves the "sea." He's probably talking to his admirals now. I assume Chuck Hagel is in way over his head.