ND Active Rig Count Drops Back To 64; Only Three New Permits Issued Today -- December 3, 2018

Gas price wars: earlier today I mentioned that there were signs of a gasoline price war here in north Texas. One of the "teasers" leading into tonight's local evening news: gasoline for $1.00/gallon at local station. Turns out to be $1.19/gallon with purchase of car wash. Nationwide, according to GasBuddy, the top five stations with lowest price for gasoline is in Denton, Texas, just a few miles north of where we live.

Active rigs:

$53.11	12/3/2018	12/03/2017	12/03/2016	12/03/2015	12/03/2014
Active Rigs	64	53	39	63	189

Three new permits:

• Operator: Petro-Hunt
• Field: Little Knife (Dunn)
• Comments: Petro-Hunt has permits for a 3-well Hagen/Sabrosky pad in 13-144-98;

Eight permits renewed:

• Crescent Point Energy: four CPEUSC Ruby permits and four CPEUSC Holmes permits, all in Williams County;

Two permits canceled:
Whiting: one Earl permit in Williams County
Resonance Exploration: one Ballantyne permit in Bottineau County

Five producing wells (DUCs) reported as completed: pending. IPs:

• 30062, 595, Equinor, Banks State 16-21 8TFH, Banks, t10/18; cum 2K over 4 days;
• 30625, 2,096, Equinor, Banks State 16-21 7H, Banks, t11/18; cum -- ;
• 30624, 1,621, Equinor, Banks State 16-21 6TFH, Banks, t10/18; cum 6K over 4 days;
• 30061, 391, Equinor, Banks State 16-21 5H, Banks, t11/18; cum -- ;
• 24244, 1,166, Equinor, Banks State 16-21 2TFH, Banks, t11/18; cum --;