Seven new permits:
- Operators: Oasis (5); EOG (2)
- Fields: Willow Creek (Williams); Parshall (Mountrail)
- Comments: note the chronological numbers for the two EOG wells (#470, #471); 1,084 permits so far this year, 37 of them were Willow Creek permits; Truax (53); Spotted Horn (30); Siverston (15); Sanish (21); Sand Creek (29); Reunion Bay (65); North Fork (23); Lone Tree Lake (62); Elm Tree (21); Blue Buttes (32); Banks (73); Alkali Creek (23)
- 25370, 1,292, HRC, Fort Berthold 152-94-13B-24-2H, Antelope, Sanish pool, t10/17; cum 33K 10/17;
- 31155, 1,572, HRC, Fort Berthold 152-94-13A-24-7H, Eagle Nest, t10/17; cum 15K after 21 days;
- 31156, 1,450, HRC, Fort Berthold 148-95-13A-24-8H, Eagle Nest, t10/17; cum 12K after 16 days;
- 33143, 1,245, BR, Croff 22A MBH, Croff, t10/17; cum --
- 33144, 318, BR, Mathistad 22A MBH, Croff, t10/17; cum --
- 33145, 585, BR, Croff 22B UTFH, Croff, t10/17; cum --
There has been a post in the past few days about the inroads that US shale (and specifically the Bakken) is making in Asia. It's quite a story. Bottom line: Asia will import much more American oil next year and much of it may come from the Bakken (from CLR, if you want a name).
Today on CNBC it was noted that the oil ministers at the OPEC meeting in Vienna discussing production quotas have become quite concerned about losing market share in Asia.
For newbies, it appears that a $7 spread in WTI-Brent is the "cut-line" for Bakken taking Asian market share from OPEC.
Could be wrong; just a gut feeling.