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Wednesday, August 8, 2018

Twenty-Five Permits Renewed; WTI Plummets 4% During The Day; Recovers A Bit By End Of Day -- August 8, 2018

Fast and furious:

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Back to the Bakken

Active rigs:

$66.948/8/201808/08/201708/08/201608/08/201508/08/2014
Active Rigs65563473193

Eight new permits:
  • Operators: WPX (6); BR (2)
  • Fields: Squaw Creek (McKenzie); Corral Creek (Dunn)
  • Comments: WPX has permits for a 6-well Minot Grady pad in SESE 23-149-94 (see below); BR has permits for a 2-well Prairie Roas/Meriwether pad in Lot 2/section 30-147-95;
Twenty-five permits renewed:
  • Crescent Point Energy (8): four CPEUSC Jean permits; four CPEUSC Tami permits in Williams County
  • BR (4): four Ivan permits in McKenzie County
  • Hess (3): three BL-Myrtrice permits in Williams County
  • Statoil (3): three Martin permits Williams County 
  • Petro-Hunt (2): two Noonan Federal permits in McKenzie County
  • Resource Eenrgy: one Marshall permit in Divide County
  • MRO: one Jan permit in Mountrail County
  • Zavanna: one Raven permit in McKenzie County
  • BTA Oil: one Audrey permit in Golden Valley County
  • Denbury Onshore: one CHSU permit in Bowman County
Three producing wells (DUCs) reported as completed:
  • 33743, n/d, Bartelson Federal 44-31-4H, Sanish, t-- ; cum --
  • 33745, n/d, Bartelson Federal 44-31-3TFH, Sanish, t-- ; cum --
  • 34106, 2,051, Whiting, Ellis 24-31-2H, Epping, t7/18; cum -- 
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The Minot Grady Permits In Squaw Creek

In that section, there are only three wells:
  • 21301, 1,086, Enerplus, Pointer 149-94-23AH, Squaw Creek, t9/17; cum 173K 6/18;
  • 21300, conf, Enerplus, Terrier 149-94-23AH-TF, Squaw Creek,
  • 19881, conf, Enerplus, Hall 23-21H, Squaw Creek,
21301:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN6-2018258266807240151152878410
BAKKEN5-201829100761080041329169439220
BAKKEN4-201830114221166151361028005523
BAKKEN3-201830122681166658621116423874205
BAKKEN2-2018315132026625231318970
BAKKEN1-201831157851556967731436547464875
BAKKEN12-2017291622016347622320106157980
BAKKEN11-2017302180421946932525399206420
BAKKEN10-20173026010262051290923902217560
BAKKEN9-20173031760317721707128901971117060
BAKKEN8-20171218372169962173116718016715


But, WPX is drilling these horizontals into sections 26/35 to the south. These are the wells in that drilling unit:
  • 35011, conf, WPX, Spotted Horn 26-35HD, Squaw Creek,
  • 35012, conf, WPX, Spotted Horn 26-35HA, Squaw Creek,
  • 35013, conf, WPX, Spotted Horn 26-35HW, Squaw Creek,
  • 35014, conf, WPX, Spotted Horn 26-35HB, Squaw Creek,
  • 20238, 180, WPX, SPottedHorn 26-35H, Squaw Creek, t1/12; cum 186K 6/18;
  • 35240, conf, WPX, Spotted Horn 26-35HUL, 
The new permits are "Minot Grady" permits -- a google search of "Minot Grady" -- suggests a nice backstory. 

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