Thirteen (13) New Permits; EOG With Twelve (12) New Riverview Permits; BR With Three Huge Wells; Five Wells Coming Off Confidential List Thursday; August 12, 2015

Tweeting now: IEA sees global oil demand +1.6MM b/d to 94.2MM b/d in 2015—biggest growth spurt in 5 yrs. Story here.

Tweeting now:  World oil supply fell 600K b/d in July to 96.6MM b/d on lower non-OPEC output. From same link above.

A reminder: another blog, "Meanwhile, back at the ranch...."

Active rigs:

	8/12/2015	08/12/2014	08/12/2013	08/12/2012	08/12/2011
Active Rigs	72	194	184	199	191

Five (5) wells coming off the confidential list Thursday:

• 27125, 1,926, HRC, Fort Berthold 148-95-23D-14-6H, Eagle Nest, 31 stages, 4.5 million lbs, a big well, possibly choked back; t2/15; cum 83K 6/15;
• 29432, SI/NC, BR, Kings Canyon 6-1-27MTFH, Camel Butte, no production data,
• 29686, 1.424, Hess, SC-Bingeman-154-98-0904H-2, Truax, 35 stages, 2.5 million lbs sand, t7/15; cum --
• 30350, 438, Hunt, Writing Rock 161-101-23-14H-1, Writing Rock, t5/15; cum 10K 6/15;
• 30351, 389, Hunt, Writing Rock 161-101-26-35H-1, Writing Rock, t5/15; cum 10K 6/15;

Thirteen (13) new permits --

• Operators: EOG (12), St Croix
• Fields: Clarks Creek (McKenzie)
• Comments: For the EOG permits, see below; they are all Riverview well (of my goodness). The St Croix permit is for a wildcat in Ward County (Minot); this is St Croix's second permit in North Dakota; their first well (#29075, 28-158-82) was dry; the permit issued today is for 29-157-81, 7 miles to the southeast; these are south of the Glenburn oil field, about 12 miles northeast of Minot;

Whiting renewed two Zalesky permits in Stark County.

Ten permits canceled:

• Hess canceled four EN-Chamley permits in Mountrail County
• CLR canceled six Margaurite (5 of 6 Federal) permits in Mountrail County

Four (4) producing wells were completed:

• 28710, 2,886, BR, Harley 11-2MBH-R, Blue Buttes, 20-foot thick zone; 100% inside drilling target footage; 1,120-acre spacing, 2 & N/2 & N/2 S/2 11-151-95, t7/15; cum --
• 29428, 1,844, BR, Teton 3-8-10MBH, Camel Butte, 2560-acre stand-up drilling unit, 18-foot thick zone, inside target payzone 100%; background gases low/moderate, t7/15; cum --
• 29462, 2,565, BR, Teton 8-8-10TFSH, Camel Butte, Three Forks B2, 24-foot thick zone; 100% inside driling target footage; 2560-acre spacing, t7/15; cum --
• 29485, 3,468, Statoil, Bures 20-29 6TFH, 1280-acre; Three Forks B1; Alger, t7/15; cum --

The fourteen (14) EOG permits in Clarks Creek, all on Lot 1, section 30-152-94:

• 31804, 360' FNL, 1060' FWL;
• 31805, 360' FNL, 1010' FWL;
• 31806, 360' FNL, 960' FWL;
• 31807, 360' FNL, 910' FWL;
• 31808, 360' FNL, 860' FWL;
• 31809, 360' FNL, 810' FWL;

• 31810, 290' FNL, 750 FWL;
• 31811, 290' FNL, 800 FWL;
• 31812, 290' FNL, 850 FWL;
• 31813, 290' FNL, 900 FWL;
• 31814, 290' FNL, 950 FWL;
• 31815, 290' FNL, 1000 FWL;

• 22200, 528, EOG, Riverview 4-3031H, 290' FNL, 1,050' FWL, t7/12; cum 365K 6/15;
• 22199, 1,0888, EOG, Riverview 100-3031H, Three Forks, 39 stages; 5.8 million lbs sand, 290' FNL, 1,150' FWL, t6/12; cum 387K 6/15;

The graphic above: we saw this area just a few days ago, when we were discussing EOG's 2Q15 earnings/conference call.

• 20513, 2,365, EOG, Riverview 3-3130H, Clarks Creek, ESP 3/15, NGL stripping skids removed -- last date of NGL being made at this location was September 24, 2014; skids were placed and first date of NGL being made at this location was August 25, 2014; 49 stages, 9.8 million lbs all sand; t3/13; cum 511K 6/15; choked back now; 

A close-up of the 12 new permits:

For newbies, generally speaking, when new permits are issued, they go to loc status, and then eventually to conf status. These wells are already on conf status, the very day the permits are issued; they can remain on the conf list for six months; this suggests EOG is ready to start drilling.

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I track the BR Kings Canyon wells here.

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27125, see above, HRC, Fort Berthold 148-95-23D-14-6H, Eagle Nest:

Date	Oil Runs	MCF Sold
6-2015	14550	13988
5-2015	10300	9511
4-2015	16584	13424
3-2015	29079	27702
2-2015	12294	14264