Hess Reports Five Completed DUCs -- September 18, 2018

Apple iPhone review. CNBC talking heads did a nice review of the new iPhones. They only got one thing wrong. They keep talking about how expensive the phones are. "No one" has to pay those prices. We've gone through this before. These phones are heavily subsidized by the carrier. Monthly payments as low as $0 in some cases but I assume the brand new, best iPhones can be had for less than $50 / month ... let's check ... wow, I was wrong, really wrong. One can get the brand-new iPhone Xs for $0 / month:

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GDP

From GDPNow:

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.4 percent on September 14, up from 3.8 percent on September 11.

The nowcast of third-quarter real personal consumption expenditures growth increased from 3.0 percent to 3.7 percent after this morning's retail sales report from the U.S. Census Bureau and this morning's industrial production release from the Federal Reserve Board of Governors. 

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Back to the Bakken
Active rigs:

$69.75↑	9/18/2018	09/18/2017	09/18/2016	09/18/2015	09/18/2014
Active Rigs	64	56	32	67	199

Two new permits:

• Operators: WPX, Lime Rock
• Fields: Squaw Creek, Dimond
• Comments:

Eight permits renewed:

• QEP (7): seven Hazel permits in McKenzie County
• Texakota: one H Borstad well in Williams County

Producing wells (DUCs) reported as completed:

• 33603, 1,637, Hess, SC-JCB-154-98-1720H-6, Truax, t9/18/ cum --
• 33604, 1,097, Hess, SC-JCB-154-98-1720H-5, Truax, t8/18; cum --
• 33608, 1,669, Hess, SC-Gene-154-98-0805H-5, Truax, t8/18; cum --
• 33605, 1,650, Hess, SC-JCB-154-98-1720H-4, Truax, t8/18; cum --
• 33606, 2,121, Hess, SC-JCB-154-98-1720H-3, Truax, t8/18; cum -- 

Producing wells to the west of these new Hess wells (check again in 6 months)

• 21037, 684, Hess, SC-Gene
• 29166, 988, Hess, SC-Gene-
• 29165, 739, Hess, SC-Norma-
• 29818, 915, Hess, SC-Norma-
• 29817, 737, Hess, SC-Norma-
• 29816, 1,354, Hess, SC-Norma-
• 29164, 896, Hess, SC-Norma-

To the east (half run south; half run north), all having just been completed and producing (check again in six months):

• 33610, conf, Hess, SC-Gene-
• 33609, conf, Hess, SC-Gene-
• 33608, conf, Hess, SC-Gene-
• 33607, conf, Hess, SC-Gene-
• 33606, conf, Hess, SC-JCB-
• 33605, conf, Hess, SC-JCB-
• 33604, conf, Hess, SC-JCB-
• 33603, conf, Hess, SC-JCB-

Farther to the east, these wells on confidential list:

• 34900, conf, Hess, SC-Gene-154-98-0805H-7,
• 34901, conf, Hess, SC-Gene-
• 34902, conf, Hess, SC-Gene-
• 34903, conf, Hess, SC-Gene-
• 34904, conf, Hess, SC-JCB-
• 34905, conf, Hess, SC-JCB-
• 34906, conf, Hess, SC-JCB-
• 34907, conf, Hess, SC-JCB