Whiting Butte With Eight Permits In Clarks Creek -- December 11, 2017

Breaking news, Jim Cramer:

• number of rigs does not matter; 
• amount of oil stored does not matter;
• what matters: the amount of crude oil being exported by the US

Active rigs:

$58.02*	12/11/2017	12/11/2016	12/11/2015	12/11/2014	12/11/2013
Active Rigs	52	40	65	186	192

*Why WTI jumped a bit: WTI jumped  a bit today on news that a major Brent oil pipeline will be taken off-line for three weeks for repairs. This is a a one-time event which may or may not amount to anything.

Eight new permits:

• Operator: White Butte
• Field: Clarks Creek (McKenzie)
• Comments: it appears White Butte Oil Operations has permits for an 8-well Jore-Federal pad in Clarks Creek, 12-151-95 (all 275' from the north line, and between 1,946 feet from the west line and 2,598 feet from the east line; see graphic below; the section the wells will be sited in is spaced for 640 acres;

No DUCs reported as completed; no permits cancelled; and, no permits renewed.

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The other wells in that section:

• 28747, 2,592, Slawson, Jore Federal 2-12H, Clarks Creek, one section, 21 stages 4.8 million lbs, t9/14; cum 188K 10/17; shut in most of 6/17 - 10/17; probably due to neighboring wells being fracked?
• 31194, conf, Slawson, Jore Federal 1-12H, no production data,
• 31193, conf, Slawson, Jore Federal 13-12TF2H, no production data,
• 31192, conf, Slawson, Jore Federal 6-12TFH, no production data,
• 31191, conf, Slawson, Jore Federal 24-12TF3H, no production data,
• 31190, conf, Slawson, Jore Federal 14-12TF2H, no production data, 

The new permits:

• 34372, 23-12TF3H,
• 34373, 11-12TFH,
• 34374, 15-12TF2H,
• 34375, 3-12H,
• 34376, 22-12TF3H,
• 34377, 10-12TFH
• 34378, 4-12H,
• 34379, 16-12TF2H 

So far: 14 wells planned for this one section

• middle Bakken: 4 wells 
• TF, 1st bench: 3 wells 
• TF, 2nd bench: 4 wells 
• TF, 3rd bench: 3 well