CLR With Eighteen (18) New Permits -- Friday, July 1, 2016

For those "into the weeds as deep as I am" with regard to the Bakken, see if you see what I saw in the graphic below: yup, #16510 (in the second graphic) -- the very well we were discussing earlier regarding the "halo effect": here and here. I may be seeing something here that does not exist, but I think there's a huge "clue" here with regard to the placement of these particular pads at this particular time. I'll discuss this in another post on another day.

By the way, the area in the graphics below is in the same area where CLR plans to place 28 wells in a 2560-acre drilling unit.

For now, the summary of the daily activity report and then the CLR permits.

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Active rigs:

	7/1/2016	07/01/2015	07/01/2014	07/01/2013	07/01/2012
Active Rigs	30	76	189	192	215

Eighteen (18) new permits:

• Operator: CLR
• Field: Jim Creek (Dunn), Corral Creek (Dunn)
• Comments: it looks like a 10-well pad (13-146-96 -- Oakdale and Ryden wells); and an 8-well pad (36-147-96 -- Weydahl and Brandvik wells); see graphic below

Hess renewed four (4) permits:

• four EN-Skabo Trust permits in Mountrail County

Lime Rock Resources abandoned one well:

• 24694, AB, Lime Rock Resources, Henry Kovash 2-6-7H-142-95;

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This appears to be the location of the new pads noted above (CLR's new 18 permits). In both cases the wells will run in a straight horizontal line, running east to west (or west to east). The horizontals will run north/south (or south/north). Although these two pads are in two different fields, they are geographically located very closely, in adjacent sections:

The Jim Creek pad:

The Corral Creek pad:

Note: not drawn to scale, and in general area only. I often make mistakes when doing these graphics. Do not make any investment or financial decisions based on what you see here If this is important to you, go to the source. I am posting these graphics only for my benefit to get a better understanding of the Bakken. 

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Pre-Fourth of July Grilling