The Next Story To Come Out Of The Bakken -- DUCs Won't Be Completed -- October 6, 2016

Active rigs:

	10/6/2016	10/06/2015	10/06/2014	10/06/2013	10/06/2012
Active Rigs	33	67	191	183	190

Wells coming off confidential list Friday:

• 31121, 1,374, Oasis, Hysted 5200 12-30 10B, Camp, 36 stages, 20 million lbs, t4/16; cum 67K 8/16;
• 32320, 583, EOG, EN-Freda-154-94-2635H-8, Alkali Creek, 50 stages, 3.5 million lbs, t9/16; cum 4K over first 5 days;

Four new permits:

• Operator: XTO
• Field: Lost Bridge (Dunn)
• Comments: permits for a 4-well pad in SESE 5-148-96; unless I'm reading this wrong, the four wells will be in almost exactly the same location as the five wells permitted yesterday by XTO;  these will be Deep Creek Federal 44 wells; 

No DUCs reported as completed; I don't see how the 900+ DUCs can be completed within two years; granted, they are not all coming due at the same time, or even the same year, but DUCs started appearing in 4Q14, and we are now in the 4Q16, and I just haven't seen that many DUCs completed; I don't track actual numbers (I tried, but just too difficult/time consuming) but there are days and days when no DUCs are reported as being completed, and when DUCs do get reported, it is generally less than a handful (less than three or four); meanwhile, they keep drilling as fast as ever. It is interesting that both wells coming off confidential list tomorrow do seem that they will be completed, and not go to DUC status.

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31121, see above, Oasis, Hysted 5200 12-30 10B, Camp:

Date	Oil Runs	MCF Sold
8-2016	6764	8565
7-2016	11346	11964
6-2016	17254	18465
5-2016	19003	15220
4-2016	12106	9160

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