Despite Plummeting Oil Prices, The Number Of Active Rigs Continues To Increase In North Dakota -- December 17, 2018

Coolest video of the day, winter, 1936 (Don sent me the link):

My dad often talked about the winter of 1936 or thereabouts. Set all kinds of records. He was living in Newell, South Dakota, at the time. He was fourteen years old and he talks about riding with his dad on a four-hour drawn wagon to deliver milk to the dairy.

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Back to Shale

US shale: hold on to your hats. US shale production will rise to 8.2 million b/d in January -- EIA.

January's expected growth is one of the more robust monthly increases of late.

In November, EIA predicted December's oil output would be 7.944 million b/d, an increase of 113,000 b/d month on month.

EIA also forecast monthly increases of 98,000 b/d for November and 79,000 b/d for October.

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The Daily Activity Report

Active rigs:

$49.88	12/17/2018	12/17/2017	12/17/2016	12/17/2015	12/17/2014
Active Rigs	68	53	40	64	182

Six new permits:

• Operators: Hess (5); Petro-Hunt
• Fields: Antelope (McKenzie); Little Knife (Dunn)
• Comments: Hess has permits for a 5-well AN-Lone Tree / AN-Double Bar V pad in section 11-152-95; Petro-Pad has a permit for a well in section 32-145-97;

Five permits renewed:

• Slawson (3): two Atlantic Federal permits and one Bazooka Federal permit in Mountrail County
• MRO: a Whitney USA permit and an Alvina USA permit, both in Dunn County

Three producing wells (DUCs) reported as completed:

• 30063, 200, Equinor, Enderud 9-4 5H, Banks, t10/18; cum --
• 30064, 481, Equinor, Enderud 9-4 8TFH, Banks, t10/18; cum --
• 32301, 1,085, Whiting, Pronghorn Federal 41-14PHU, Park, t10/18; cum --