WTI Testing $60-Support; Welcome To Pad Drilling And 20 Million Lbs Sand/Well -- Twenty Wells Coming Off Confidential List -- November 8, 2018

Active rigs:

$60.72😕	11/8/2018	11/08/2017	11/08/2016	11/08/2015	11/08/2014
Active Rigs	66	53	38	64	193

Seven new permits:

• Operators: Oasis (4), Nine Point Energy (2); XTO (1)
• Fields: Banks (McKenzie); Capa (Williams); Rosebud (Williams)
• Comments: Oasis has permits for a 4-well A. Johnson / Joplin pad in 33-153-97; Nine Point Energy has permits for a 2-well State pad in 25-154-102

Twenty wells released from tight hole status; the CLR Miles well was previously reported:

• 33221, 1,696, CLR, Miles 7-6H, Dimmick Lake, 4 sections, 63 stages; 12.9 million lbs, t7/18; cum 68K 9/18;
• 33898, 861, Kraken, Hash 22-15 4H,Winner, 60 stages; 15.4 million lbs, t7/18; cum 65K 9/18;
• 33899, 904, Kraken, Nash 22-15 3TFH, Winner, t7/18; cum 65K 9/18;
• 33900, 472, Kraken, Nash 22-15 2H, Winner, t6/18; cum 13K 9/18;
• 34494, SI/NC, WPX, Howling Wolf 28-33HF, Wolf Bay, no production data,
• 34515, 623, Kraken, Lyman Tracy 20-17 1TFH, 60 stages; 20 million lbs, Burg, t6/18; cum 65K 9/18;
• 34516, 629, Kraken, Deacon 19-18 1H, Burg, t6/18; cum 71K 9/18;
• 34517, 819, Kisner 24-13 1TFH, Blue Ridge, 60 stages; 15 million lbs, t7/18; cum 57K 9/18;
• 34518, 758, Kraken, Shannon 23-13 1H, Blue Ridge, t7/18; cum 55K 9/18;
• 34530, 1,061, Kraken, Nash-Burgess LE 22-15 1H, Winner, t7/18; cum 75K 9/18;
• 34531, 855, Kraken, Nash 22-15 5TFH,Winner, t7/18; cum 61K 9/18;
• 34534, 718, Kraken, Longhorn 4-9 5H, Ellisville, t9/18; cum 12K after 27 days;
• 34535, 650, Kraken, Longhorn 4-9 4TFH, Ellisville, t9/18; cum 11K after 27 days;
• 34536, 658, Kraken, Longhorn 4-9 3, Ellisville, t9/18; cum 10K after 27 days;
• 34537, 538, Kraken, Longhorn 4-9 2TFH, Ellisville, t9/18; cum 11K after 27 days;
• 34626, 1,070, Kraken, Longhorn LW 4-9 1TFH, Ellisville, t9/18; cum 16K after 27 days;
• 34723, 832, Kraken, Anseth 29-32 2H, Squires, t9/18; cum 10K after 15 days;
• 34724, 825, Kraken, Anseth 29-32 3H, Squires, t9/18; cum 12K after 16 days;
• 34725, 863, Kraken,, Anseth 29-32 4H, Squires, t9/18; cum 12K after 16 days;
• 34726, 865, Kraken, Anseth-Sukut LE 29-32 1H, Squires, t9/18; cum 11K after 15 days;

Comments on the Kraken wells above:

I'll have to go back and check but I think these are wells originally permitted by CLR and acquired by Kraken Operating. These wells are north of Williston, about halfway between Williston and the Canadian border. This area is very underdeveloped. The existing wells are mediocre at best; it will be interesting to see if Kraken can make this area work. I will have to look at a "heat" map later, but I certainly don't recall this area as being particularly remarkable. 

Ten permits renewed:

• Oasis (9): four Borden permits; two Wren Federal permits; two O M Erickson permits; one Fraser Federal permit, all in Williams County
• Hunt: one Palermo permit in Mountrail County