Wednesday, February 3, 2016

Gasoline Demand -- Really, Really Good News -- February 3, 2016

Reporting today: Crude oil had a huge day today; John Kemp, who probably has the best handle on this, says "short squeeze."

Really, really good news:
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Back To The Bakken

Only one (1) new permit:
  • Operator: BR
  • Field: Elidah
  • Comments:
Two permits canceled, including:
  • XTO, 1, a Prairie Federal permit in McKenzie County
  • Whiting, 1, a NERU permit in Billings County
Three permits renewed:
  • Whiting, 2, both were Beaver Creek State permits in Golden Valley County
  • Petro Harvester, 1, a Miller permit in Burke County
Four (4) producing wells were completed:
  • 27626, 811, Hess, EN-Farhart-156-93-0409H-3, Baskin, t1/16; cum --
  • 29492, 2,581, XTO, Rita 44X-34G, Tobacco Garden, t12/15; cum 2K 12/15 over 3 days;
  • 30667, 1,162, Hess, EN-L Cvancara-155-93-2627H-11, Robinson Lake, t1/16; cum --
  • 30674, 458,  Hess, BL-Odegaard-156-92-2116H-8, Beaver Lodge, t1/16; cum -- 
Active rigs:


2/3/201602/03/201502/03/201402/03/201302/03/2012
Active Rigs44143188187202

Wells coming off the confidential list Thursday:
  • 26914, 2,526, HRC, Fort Berthold 152-93-19D-18-4H, Four Bears, t8/15; cum 107K 12/15; on line only one day 12/15 and no production in 12/15; 107K in less than four months; 33 stages; 5 million lbs;
  • 29536, SI/NC, Hess, EN-Sorenson B-155-94-3526H-5, Alkali Creek, no production data,
  • 31465, SI/NC, Statoil, Topaz 20-17 7H, Banks, no production data,
  • 31667, SI/NC, EOG, Austin 434-3402H, Parshall, no production data,
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26914, see above, HRC, Fort Berthold 152-93-19D-18-4H, Four Bears:

DateOil RunsMCF Sold
12-20153300
11-20151658119489
10-20152258629364
9-20152992532896
8-2015377500

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