Ten (10) New Permits -- North Dakota -- July 21, 2015

Wells coming off the confidential list Wednesday:

• 28802, drl/NC, CLR, Florida Federal 5-11H, Camp, no production data,
• 28810, A, Fidelity, Dorothy 1-12H, Zenith, producing, a nice well, choked back, cum 58K 5/15;
• 29531, drl, Enerplus, Mink 150-94-04B-09H TF, Spotted Horn, no production data,
• 29672, drl, XTO, Werre Trust 44X-34C, Bear Creek, no production data,
• 29875, SI/NC, BR, Morgan 41-28TFH ULW, Johnson Corner, no production data,

Active rigs:

	7/21/2015	07/21/2014	07/21/2012	07/21/2011	07/21/2010
Active Rigs	68	196	207	180	137

Ten (10) new permits --

• Operators: Hess (6), BR (4)
• Fields: Blue Buttes (McKenzie), Antelope (McKenzie), Elidah (McKenzie)
• Comments: Hess with permits for a 4-well pad, and a 2-well pad; BR with permits for a 4-well pad

Aeon Energy reported a dry hole, Lillie Farms, in Bottineau County. North Maxbass oil field. Target: Mississippian age 3rd Wayne Porosity; 8 feet thick; 160-acre spacing; apparently large amounts of water; no oil cut.

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Cummins

Over a year ago, in passing, I mentioned Cummins.  Now, Cummins pops up on the radar scope again. This time it is noted that Cummins has raised its quarterly dividend from 78 cents to 97.5  cents. Bloomberg is reporting that Cummins is among the winners in US trucking proposal:

U.S. regulators delivered a victory for engine makers such as Cummins Inc. in a battle over emissions regulations for heavy-duty trucks.

The Environmental Protection Agency and the Transportation Department proposed fuel-economy standards Friday that would mandate efficiency gains in engines and transmissions made by companies such as Cummins and Eaton Corp. The rules are intended to encourage the development of new technology, and the replacement of engines.

Trucking fleets will have to buy new trucks or retrofit new engines made by companies like Cummins.

Truckers will most likely switch to natural gas.