Only One New Permit Released Today -- November 30, 2018

Active rigs:

$50.63	11/30/2018	11/30/2017	11/30/2016	11/30/2015	11/30/2014
Active Rigs	66	54	39	65	185

Only one new permit:

• Operator: Bruin
• Field: Marmon (Williams)
• Comments:

Fourteen permits renewed:

• Whiting (5): two Niemitalo permits; two Olson permits, and one Periot permit, all in Williams County
• Oasis (3): one Barron permit, Burke County; and, two Borden Federal permits, both in Williams County
• EOG (3): two Austin permits, Mountrail County; and, one Clarks Creek permit in McKenzie County
• XTO; a Janice permit in Williams (hopefully named after one of my childhood sweethearts)
• Newfield: a Sorenson Federal permit in McKenzie County
• NP Resources: a Mosser Federal permit in Billings County

Three producing wells (DUCs) reported as completed:

• 34276, 1,385, Whiting, Thomas 13-3TFH, Truax, t10/18; cum 7K after 11 days;
• 33283, 609, Whiting, Talkington 21-30-2PH, Bell, t10/18; cum 7K after 17 days;
• 33282, 788, Whiting, Talkington 21-30-1PH, Bell, t10/18; cum 10K after 24 days;

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Comment

Over the years, especially during the early days of the boom, "we" were told that by experts that the kind of results seen in the Talkington wells above were "not economic." Hold that thought.

The Bakken, now, is so incredibly predictable, operators know exactly what they will "get" in any given well in the Bakken before drilling. Scroll down the lists of "new wells reporting" (linked at the sidebar at the top right) and dare to suggest that I am wrong.

And, Whiting continues to drill these "non-economic" wells.

Several years ago, Whiting suggested they could "make money" on $21-oil.

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The Movie Page 

Executive Action tonight on TCM. Incredible.  

One of my top shelf books: Reclaiming History: The Assassination of President John F. Kennedy, Vincent Bugliosi, c. 2007.