Six Wells Coming Off Confidential List This Week; All DUCs? -- August 27, 2017

Friday, September 1, 2017

• 26921, SI/NC, Hess, AN-Gudbranson-153-94-2215H-4, Elm Tree, no production data, (#19538)
• 31400, SI/NC, MRO, Stark 44-35TFH, Reunion Bay, no production data,

Thursday, August 31, 2017

• None.

Wednesday, August 30, 2017

• None.

Tuesday, August 29, 2017

• None.

Monday, August 28, 2017

• None.

Sunday, August 27, 2017

• 26922, SI/NC, Hess, AN-Gudbranson-153-94-2215H-5, Elm Tree, no production data, (#19538)
• 33345, SI/NC, MRO, Lund 44-35H, Reunion Bay, no production data,

Saturday, August 26, 2017

• 26923, SI/NC, Hess, AN-Gudbranson-153-94-2215H-6, Elm Tree, no production data, (#19538)
• 33346, SI/NC, MRO, Harley 14-36TFH, Reunion Bay, no production data,

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Elm Tree Oil Field

Elm Tree oil field is tracked here. When one sees the number of wells that are being drilled (probably drilled to total depth by now) and the number of DUCs in this field, one can see why it is "easy" for operators to cut the number of rigs they have working in the Bakken. The backlog of wells will continue to grow with WTI at $45. One can start to see the "business plan" that some operators are using, how they are allocating their CAPEX, something we've talked about before.