Huge Drop In Active Rigs In North Dakota: 130; Fifteen (15) New Permits -- February 18, 2015

Wells coming off confidential list Thursday:

• 26703, 1,858, QEP, MHA 1-27-34H-148-92, Heart Butte, t1/15; cum --
• 27564, IA/SI, CLR, Holstein Federal 2-25H, Elm Tree, no production data,
• 28341, 1,523, BR, Bullrush 2-7-9UTFH, Elidah, t1/15; cum 1K 12/14;
• 28724, 556, Hess, TI-Arlene Stone-157-95-2423H-1, Tioga, t12/14; cum 10K 12/14;
• 28936, drl, CLR, Alfsvaag 2-31H, Crazy Man Creek, no production data,
• 29040, 105, Enduro, NSCU J-715-H1, Newburg, a Spearfish/Charles well, t11/14; cum 4K 12/14;
• 29102, 80, Enduro, NSCU S-706-H1, Newburg, a Spearfish/Charles well, t101/4; cum 7K 12/14;

Price of oil plummeted by the end of the day, dropping almost 6% for the day; back down to around $50/bbl WTI.

Active rigs:

	2/18/2015	02/18/2014	02/18/2013	02/18/2012	02/18/2011
Active Rigs	130	185	180	199	171

Fifteen (15) new permits --

• Operators: Newfield (5), EOG (4), XTO (4), Oasis, Whiting
• Fields: Sand Creek (McKenzie), Parshall (Mountrail), Siverston (McKenzie), Tyrone (Williams), Arnegard (McKenzie)
• Comments: circling the wagons, though Tyrone is interesting at this point

Three (3) producing wells completed:

• 27423, 547, XTO, Lyla 24X-10A, Lindahl, t1/15; cum --
• 27607, 1,512, BR, Bullrush 34-10TFH-B, Elidah, t2/15; cum --
• 26485, 3,454, Statoil, Hawkeye 16-21 3H, Todd, t1/15; cum --

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

Permits canceled:
CLR canceled two permits (#22370, #22523), J Lazy H in Billings; Pocatello in McKenzie County
XTO canceled five permits (#23690 - #23692, #26399, #26400); all FBIR wells, Dunn County

Another Oasis well name change suggesting shift from lower benches to middle Bakken and T1.