Active Rigs Trending In The "Wrong" Direction? Number Of North Dakota Active Rigs Jumps To 68 -- Highest In Four Years -- December 12, 2018

ISO New England: link here; spiked to $150/MWh; coal at 5%; later in the evening, around midnight, coal went to 8%; 

Natural gas: drops 7%; trading just above $4.00 right now;


Active rigs:

$51.15	12/12/2018	12/12/2017	12/12/2016	12/12/2015	12/12/2014
Active Rigs	68	51	41	65	181

Five new permits:

• Operators: Equinor (4); XTO
• Fields: Ragged Butte (McKenzie); Alkali Creek (Williams)
• Comments: Equinor has permits for a 4-well Stallion pad in 33-151-101; XTO has a permit for a Halverson permit in 33-155-95

Eleven permits renewed:

• White Butte Oil Operations (8): eight Jore Federal permits in McKenzie County;
• Oasis (3): three Lewis Federal permits in McKenzie County

Six producing wells (DUCs) reported as completed:

• 31772, 19 (no typo), BR, Ivan 7-1-29MBH, Elidah, t11/18; cum -- ; neighboring well, #19712, off line since 8/18;
• 34167, 1,550, Hess, SC-Hoving-154-98-1003H-3, Truax, t10/18; cum 3K after 3 days;
• 34478, 1,661, Whiting, Moen 41-2-5TFH, Stockyard Creek, t11/18; cum --; 
• 34957, 779, Whiting, Moen 41-2-1TFH, Stockyard Creek, t11/18; cum --;
• 34479, 1,578, Whiting, Moen 41-2-5H, Stockyard Creek, t11/18; cum --;
• 34477, 1,053, Whiting, Moen 41-2-6HU, Stockyard Creek, t11/18; cum --;
• neighboring wells to the Moen wells:
• 26421: definite jump in production; off line for less than a month;
• 20730: definite jump in production; off line for a little more than a month;