Number Of Active Rigs Continues To Trend Down; Slawson Reports A Huge Completed DUC, As Does MRO -- July 26, 2018

Active rigs:

$69.54→	7/26/2018	07/26/2017	07/26/2016	07/26/2015	07/26/2014
Active Rigs	63	60	33	73	193

Seven new permits:

• Operators: Hess (6); Kraken Operating
• Fields: Blue Buttes (McKenzie); Painted Woods (Williams)
• Comments: Hess has permits for a 6-well BB-Federal pad in SENE 8-151-95;

Twenty-four permits renewed:

• Petro-Hunt (13): a Joel Goodsen permit; two Dudley Dawson Federal permits; one Lloyd Christmas permit, the first three in McKenzie County; the Lloyd Christmas permit in Stark County; three Chip Diller Federal permits in McKenzie County; five USA permits in McKenzie County; a Robert The Bruce permit in McKenzie County;
• Oasis (4): two Jensen permits, and an O.M. Erickson permit, all in Williams County;
• Crescent Point Energy (3): one Legacy Et Al Berge permit in Bottineau County; one CPEUSC Lloyd and one CPEUSC Elena permit, both in Williams County; and, an Erickson permit in Burke County3303
• Sinclair (2): one Olson Federal permit in Dunn County; a Porcupine permit in Dunn County
• Thunderbird: one Frank permit in Stark County
• Whiting: one Wright permit in McKenzie County

One permit canceled:

• Resonance Exploration: a Resonance R.E. Ballantyne permit in Bottineau County

Four producing wells (DUCs) reported as completed:

• 24521, 1,628, Slawson, Gabriel 7-36-25TFH, North Tobacco Garden, t6/18; cum --
• 33032, 693, BR, State Veeder 2B-UTFH, Blue Buttes, t6/18; cum --
• 33033, 756,  BR, State Veeder 2C MBH, Blue Buttes, t6/18; cum --
• 33580, 3,276, MRO, McFadden 14-11H, Bailey, t6/18; cum -- (#17498)

Finally, still one more SM Energy well transferred to Petro-Hunt.