Bakken 2.0: Fourteen (14) New Permits; 34 Permits Renewed; 35 Active Rigs; 7 DUCs Completed -- October 24, 2016

I'm glad he lived long enough to see the Bakken.

The Night Has A Thousand Eyes, Bobby Vee
My [exact] memories of California, 1969. LOL.

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Just a few weeks ago when we were down to 31 active rigs in North Dakota, I asked if we might go below 30. Today, we are quickly back up to 35.

Active rigs:

	10/24/2016	10/24/2015	10/24/2014	10/24/2013	10/24/2012
Active Rigs	35	68	194	180	190

Wells coming off confidential list Tuesday:
32001, SI/NC, BR, CCU Zephyr 24-34 TFH, Corral Creek, no production data,
32279, SI/NC, XTO, FBIR Blackmedicine 24X-21G, Heart Butte, no production data,

Less than a week ago, I opined that we were in the early stages of Bakken 2.0. Today, fourteen (14) new permits:

• Operator: CLR
  Fields: Elm Tree (McKenzie), Banks (McKenzie)
• Comments: 
• ten new permits in NESE 25-153-94 (Elm Tree)
• four new permits in SENE 2-152-99 (Banks)

Less than a week ago, I opined that we were in the early stages of Bakken 2.0. Today, thirty-four (34) permits renewed:

• EOG (10), ten Hawkeye permits in McKenzie County
• HRC (8), three Fort Berthold permits in McKenzie County; two Helstad permits in Williams County, one Johnson permit in Williams County, one Sylte Mineral Trust permit in Williams County; one Borrud permit in Williams County;
• Zavanna (6), four Galloway permits in Williams County, two George permits in Williams County
• Enerplus (4), a Walleye, a Giraffe, a Hyena, and a Cheetah, all in Dunn County
• Enduro (3), two NGMU and one NSCU permit, all in Bottineau County
• Petro-Hunt, a USA permit in McKenzie County
• Cornerstone, a Melby permit in Burke County 
• XTO, a Nygaard Federal in Dunn County

Seven DUCs reported as completed, averaging about 2/day:

• 29529, 1,177, Enerplus, Badger 150-94-04B-09H TF, Spotted Horn, t8/16; cum 17 after first 31 days;
• 29531, 926, Enerplus, Mink 150-94-04B-09H TF, Spotted Horn, t8/16; cum 16K after first 18 days;
• 29614, 1,864, XTO, Olive Mae 7-8-9HA, Van Hook, t10/16; absolutely no production;
• 31311, 1,903, Hess, AN-Brenna-153-95-3130H-4, Sanish Pool, Antelope, t10/16; no production data,
• 31312, 1,091, Hess, AN-Brenna-153-94-3130H-3, Sanish Pool, Antelope, t10/16; no production data,
• 32325, 67 (no typo), Hess, EN-Freda-LW-154-94-2635H-1, Alkali Creek, t9/16; no production data,
• 32603,  844, Hess, HA-Rolfsrud-152-96-1720H-9, Westberg, t9/16; no production data;

Is there another category for DUCs that are reported as completed but show absolutely no production data? 

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November 8, 2016

Devil or Angel, Bobby Vee