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Wednesday, March 7, 2018

Making America Great Again! -- Huge ADP Jobs Report; Nine New Permits; Nine Permits Renewed: Eleven DUCs Completed; MRO With Five Huge Wells -- Many Of Them Three Forks Wells

ADP data:
  • forecast: 195,000 new jobs for February, 2018
  • actual: a whopping 235,000 new jobs
From The Financial Times:
Non-farm private employers added 235,000 jobs last month, according to a report from payroll processor ADP. The figure easily topped expectations for a gain of 200,000 and is the fourth month in a row that job gains came in above 200,000.

The data - which come ahead of Friday’s closely watched monthly jobs report from the labour department - also revised up jobs gains for December to 244,000.
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Back to the Bakken

"Arctic" rigs:

$61.153/7/201803/07/201703/07/201603/07/201503/07/2014
Active Rigs604435114191

Nine new permits:
  • Operators: Whiting (5); Petro-Hunt (4)
  • Fields: Sand Creek (McKenzie); Charlson (McKenzie)
  • Comments: Whiting has permits for a 5-well Wold Federal pad in SESE 1-153-97; Petro-Hunt has permits for a 4-well USA pad in SESW 34-154-95;
Nine permits renewed:
  • Sinclair (6): six Lizzie Rae permits in McKenzie County
  • EOG (2): two Austin permits in Mountrail County
  • Hunt: one Oakland permit in Mountrail County
Eleven producing wells (DUCs) reported as completed:
  • 30252, 1,823, CLR, Monroe 9-2H, Banks, 4 sections, t1/18; cum 11K over 9 days;
  • 30254, 1,302, CLR, Monroe 8-2H, Banks, 4 sections,  t1/18; cum 7K over 10 days;
  • 31415, 1,836, Hess, EN-Kulczyk-154-94-2029H-7, Alkali Creek, t2/18; cum --
  • 31417, 1,824, Hess, EN-Kulczyk-154-94-2029H-5, Alkali Creek, t2/18; cum --
  • 31427, 1,251, CLR, Stangeland 8-7H, Crazy Man Creek, 4 sections, t2/18; cum --
  • 31428, 633, CLR, Stangeland 9-7H1, Crazy Man Creek, 4 sections, t2/18; cum --
  • 33400, 3,017, MRO, Ernst 14-7TFH, Bailey, t2/18; cum 12K over 7 days; (#16654, #16993, #17797, #18382)
  • 33401, 3,161, MRO, Kenneth 24-7TFH, Bailey, t1/18; cum 4K over 4 days;
  • 33402, 3,040, MRO, Bethol 34-7H, Bailey, t2/18; cum --
  • 33403, 3,484, MRO, Stroup 34-7TFH, Bailey, t2/18; cum 5K over 4 days;
  • 33534, 5,113, MRO, Bronett 14-7H, Bailey 4 sections, t1/18; cum 27K over 11 days - extrapolates to 73K over 30 days;

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