Canadian National Railway Easily Beats Expectations -- July 20, 2015; New Post-Boom Low For Active Rigs In North Dakota; Ten (10) New Permits

First, before we get to the Bakken, Canadian National Railway posts than expected results:

Canadian National Railway Co. on Monday reported a better-than-expected second-quarter profit and reaffirmed its full-year earnings outlook, despite a Canadian economic slowdown.

The Montreal railroad operator earned 886 million Canadian dollars ($682 million), or C$1.10 a share, up from C$847 million, or C$1.03, a year earlier. Adjusted earnings came in at C$1.15 a share, handily beating analyst expectations for earnings of C$1.05 a share.

Revenue was C$3.125 billion, coming in very slightly ahead of year-earlier levels and analyst expectations.

Now, back to the Bakken:

Active rigs:

	7/20/2015	07/20/2014	07/20/2012	07/20/2011	07/20/2010
Active Rigs	70	195	207	184	134

Wells coming off confidential list Tuesday:

• 26772, SI/NC, Zavanna, Double Down 24-13 2H, East Fork, no production data,
• 27671, 1,062, Hess, EN-Leo E-154-94-2423H-7, Alkali Creek, t5/15; cum 7K 5/15; after 6 days;
• 28184, drl, XTO, Nelson Federal 21X-5A, Antelope, no production data,
• 28315, 354, EOG, Parshall 39-1608H, Parshall, t1/15; cum 71K 5/15; choked back
• 28671, 565, EOG, Parshall 83-2827H, Parshall, t1/15; cum 50K 5/15; choked back, no doubt
• 28801, drl/NC, CLR, Alpha 4-14H1, Camp, no production data,
• 28809, A, Fidelity, Henry 1-12H, Zenith, no test date; cum 37K 5/15;
• 29395, 122, Denbury, CHSU 11-36SH 15, Cedar Hills, t4/15; cum 7K 5/15;
• 30009, drl/NC, MRO, CK USA 31-6H, Murphy Creek, no production data,
• 30455, SI/NC, Statoil, Panzer 22-23 7TFH, Alger, no production data,

Ten (10) new permits --

• Operators: BR (3), Oasis (3), SM Energy (2), Hess (2)
• Fields: Elidah (McKenzie), Missouri Ridge (Williams), West Ambrose (Divide), Hawkeye (McKenzie)
• Comments:

One permit was canceled: a Whiting P Thomas well in Williams County, 2HA, #28911