Tier 3 Or Tier 4 Wells? -- June 7, 2018

It wasn't too long ago that East Coast pundits doubted any operator would drill anything other than "Tier 1" wells in the Bakken unless the price of oil moved significantly higher.

An eagle-eyed reader caught this: CLR is drilling in the northwestern corner of North Dakota, clearly out of the core Bakken around Watford City and New Town. The two wells:

Look how fast operators can move in North Dakota. CLR was issued the permits on April 9, 2018 ; and now, less than two months later, they have already started drilling. Wow, that's quick.

So, here are the wells, which the reader says are west of Noonan, Divide County, and south of Larson, Burke County, across the road from the Winkler well:

• 34766, drl, CLR, Steve 1-34H, Larson, t--; cum -- ; date for drl status: May 13, 2018
• 34767, drl, CLR, Teresa D 1-10H, Juno, t--; cum --; date for drl status: May 11, 2018

The Bakken never ceases to amaze me. A huge shout-out to the CLR team. Good luck!

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Meanwhile, Back To The Daily Activity Report

Active rigs:

$66.03↑	6/7/2018	06/07/2017	06/07/2016	06/07/2015	06/07/2014
Active Rigs	60	52	26	82	194

Three new permtis:

• Operator: Nine Point Energy (used to be Triangle)
• Field: Painted Woods (Williams)
• Comments: Nine Point Energy has permits for a 3-well Gibbins pad in SESW 11-154-103; 

Seven permits were canceled:

• all seven permits were Petro-Hunt Maverick permits in McKenzie County

Six permits were renewed:

• all six permits were CLR permits, two in McKenzie County (two Berlain permits); and four were in Williams County (two Olympia permits; and, two Charleston permits)

Hess reported three dry holes:

• 17014, dry, Hess, Edwards 1-33 BH, Mountrail County; drilled to depth (14,056 feet); horizontal lateral 94% of time in target middle Bakken; open-hole completion / open-hole frack; but apparently no production
• 17043, dry, Hess, St Andes-151-89 -2413H-1, Mountrail County; drilled successfully to19,258 feet, with 9,740 feet of open horizontal hole; apparently no production
• 17564, dry, Hess, St Nomeland-150-89-0235H01, McLean County; drilled successfully to19,440 feet, with 10,479 feet of open horizontal hole; apparently no production