Eight (8) New Permits -- March 3, 2015

Despite the slump in oil prices, at least some of the operators still have a sense of humor. Emerald Oil now has permits for three "Chip Diller" wells along with the Ron Burgundy and other wells. Chip Diller was a character in Animal House.  Other great Emerald Oil oil well names can be found here.

Target to lay off thousands. More at CNBC. A $2-billion cost-cutting program. It looks like Target sees digital sales where the growth will be. I follow the demise of big box stores here. The company also said it had the capacity to buy back up to $2 billion worth of its own shares this fiscal year, and look to repurchase $3 billion annually from the following year and beyond. Target has to do something: everyone loves going to Target but the stores are always empty as are the parking lots; everyone hates going to Walmart where the stores are always way too crowded and you can't find a parking place.

A state visit without a visit to the White House? What's not to like? It appears Prime Minister Netanyahu's visit to Congress was a resounding success. It will be followed by the Pope speaking to Congress in September. Maybe this should be the focus of the new Congress. It can't get anything done anyway. It might as well host visiting dignitaries on a monthly (or more often) basis. Mr Boehner could invite who he wants (without consulting the White House). The invitee would be a guest of Congress, but could pursue an audience with this majesty over on Pennsylvania Avenue in a big White House if he/she so chose. The big White House is still closed to the American public so there's plenty of room on the schedule for a guided tour.  

Active rigs:

	3/3/2015	03/03/2014	03/03/2013	03/03/2012	03/03/2011
Active Rigs	116	189	184	207	170

Wells coming off the confidential list today have been posted; see sidebar at the right.

Eight (8) new permits --

• Operators: WPX (5), Emerald Oil (3)
• Fields: Reunion Bay (McKenzie), Mondak (McKenzie)
• Comments:

Ten (10) producing wells completed:

• 26783, 174, OXY USA, Shuck 2-33-28H-144-97, Little Knife, t12/14; cum 2K 1/15;
• 27398, 671, OXY USA, State Knopik 2-21-16H-144-97, Little Knife, t12/14; cum 29K 1/15;
• 27608, 1,440, BR, Bullrush 44-10MBH, Elidah, t2/15; cum 3K 1/15;
• 28289, 1,643, BR, Shenandoah 34-35MBH, Keene, t2/15; cum 5K 1/15;
• 28613, 812, CLR, Debrecen 3-3H1, Bell, t2/15; cum --
• 28640, 801, CLR, Boise 3-24H1, Brooklyn, 4 sections, t2/15; cum --
• 28641, 878, CLR, Boise 2-24H, Brooklyn, 4 sections, t2/15; cum --
• 28642, 818, CLR, Boston 3-25H1, Brooklyn, 4 sections, t2/15; cum --
• 28643, 858, CLR, Boston 2-25H, Brooklyn, 4 sections, t2/15; cum --
• 28944, 1,049, Whiting, Alison 14-6H, Sanish, t2/15; cum 1K 1/15;

MRO's Mylo Wolding 14-11 well (#18511 is now a SWD well.

Wells coming off the confidential list Wednesday:

• 27265, 1,418, Emerald Oil, Slugger 3-16-21H, Charbonneau, producing, interesting production profile, t9/14; cum 35K 1/15;
• 28677, 660, WPX, Roggenbuck 4-9HY, Van Hook, t12/14; cum 21K 1/15;
• 29037, IA, CLR, Salem 4-6H, Dollar Joe, producing a small amount of oil before it was shut in;
• 29139, 932, Hess, BW-Stoveland-149-100-1003H-3, Ellsworth, t1/15; cum 24K 1/15;