Permits Canceled After Slump In Prices; Producers Abandoned -- November, 2014 -- December, 2015

It's possible that today's NDIC daily active report was a one-off, but I wouldn't bet on it. I have never seen such a long list of canceled permits in one daily active report (yes, it's a 3-day report -- Saturday, Sunday, Monday -- but canceled permits would not occur over the weekend, just on normal business days). One or two canceled permits every couple of weeks was the norm back in 2013, and 2014, before October.

Note the dates the permits were canceled.

This page is linked at the sidebar at the right and canceled permits will be tracked here.

PERMITS CANCELED

September 2, 2015: EOG temporarily abandons four fairly recent wells in Parshall oil field (#27391, #28401, #28726, #28727, and @28728), Mountrail County.

May 7, 2015:

Oasis puts four wells on temporary abandon list: 29741 - 29745, State 5792 wells in Cottonwood oild field, Mountrail County. I assume the wording is similar for all four wells: the well was previously drilled to 2,208 feet. Oasis is currently evaluating the well given current economics and plans to finish drilling it in the future."

February 10, 2015: link here; Whiting cancels six (6) KOG Smokey wells in Pembroke oilfield. 

January 26, 2015
18582, PNC, BR, Pacific Express 41-25H, Corral Creek, date PNC 12/10/14;
19120, PNC, Newfield, Jorgenson Federal 2-4H, Lost Bridge, date PNC 12/10/14;
19121, PNC, Newfield, Lost Bridge Federal 13-9H, Lost Bridge, date PNC 12/10/14;
21972, PNC, Fram Operating, Goettle 1, wildcat, date PNC 12/11/14;
22209, PNC, Petro-Hunt, Fritz 142-100-22C-23-1H, date PNC 12/11/14;
24243, PNC, Statoil, Enderud 9-4 3TFH, Banks, date PNC 12/11/14;
24586, PNC, Thunderbird Resources, Charlie State 21-16-1H, Charlie Bob, date PNC 12/11/14;
24596, PNC, Bonneville 3625-1TFH, West Ambrose, date PNC 12/11/14;
26162, PNC, Corinthian Exploration, Corinthian Sivertson 16-16-1H, a Spearfish well, wildcat, date PNC 12/11/14;
27008, PNC, Slawson, Thor 4-31-30H, Tobacco Garden, date PNC 1/16/15;
27009, PNC, Slawson, Phazor 4-1-12H, Bully, date PNC 1/26/15;

PRODUCERS ABANDONED

January 26, 2015

• 15806, 42, BR, Federal Amy 14-8H, Mondak, a Bakken well, t10/05; cum 27K 11/14; last production 9/12;
• 19597, 1,052, Newfield, Obenour 150-99-28-33-1H, South Tobacco Garden, 25 stages; 2.6 million lbs , t3/12; cum 89K 11/14; last production 9/13;