Thirteen New Permits; Fourteen Permits Renewed; Three DUCs Completed -- January 17, 2019

Wow! Unleaded regular gasoline down to $1.74/gallon in many service stations a mile or so from the highway; along the highway, about $2.05/gallon. 

Russia: can't cut production quickly -- oilprice. They can't cut their production due to winter cold and geological conditions, but I assume they could cut their exports if they had to. Just saying.

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Back to the Bakken

 
Active rigs:

$52.21	1/17/2019	01/17/2018	01/17/2017	01/17/2016	01/17/2015
Active Rigs	68	58	38	49	157

Thirteen new permits:

• Operators: Enerplus (5); XTO (4); Newfield (3); Lime Rock Resources
• Fields: Eagle Nest (Dunn); Haystack Butte (McKenzie); South Tobacco Garden (McKenzie); Cabernet (Dunn)
• Comments: Enerplus has permits for a 5-well National Park (Yellowstone/Everglades/Shiloh/Yosemite/Isle Royal) pad in lot 2, section 2-148-95; XTO has permits for 4-well Skarpsno Federal pad in 20-149-97; Newfield has permits for a 3-well Sturgeon pad in 7-150-99; and Lime Rock Resources has a permit for a new Kary well in 25-144-97; there are four other Kary wells in this drilling unit -- none of them are particularly noteworthy;

Three permits canceled:

• Newfield: three Sturgeon permits in McKenzie County (see above, new permits)

Fourteen permits renewed:

• MRO (5): a Stillwell, a State Loland, a State Willard, a Coah, and a Mathias permit, all in Dunn County 
• Resource Energy Can-Am (4): two Beetles; a Charger, and an Odyssey, all in Divide County
• Petro-Hunt (2): two Clark Griswold Federal permits, both in McKenzie County
• Nine Point Energy: a Novak permit in McKenzie County
• Newfield: a Gariety permit in McKenzie County
• Lime Rock Resources: an Emil Veverka permit in Dunn County

Three producing wells (DUCs) reported as completed:

• 35029, 693, Lime Rock Resources, Scott 3-7-6H-143-95, Murphy Creek, t11/18; cum 9K after 16 days;
• 34752, 276, Lime Rock Resources, Schneider 12-34-27H-143-96L, Fayette, t11/18; bcum 4K after 12 days;
• 34751, 403, Lime Rock Resources, Schneider 11-33-28H-143-96, Fayette, t11/18; cum 3K after 9 days;