Enerplus With A Proposed 9-Well "Metamorphic Rock" Pad -- March 21, 2019

On twitter this evening:

My response which was posted on twitter in reply:

Absolutely untrue for the Bakken. All DUCs are completed within two years, and there are very few -- maybe a dozen -- that are older than two years -- Approximately 1,200 wells will be drilled in the Bakken this year. There are about 900 DUCs in the Bakken.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here.

NOG: up over 9% today; up 24 cents/share; closed at $2.87; I haven't followed NOG very closely (I don't follow anything very closely) but I think a 24-cent/share gain is one of the biggest gains NOG has had on any one given day. NOG is an important equity to follow with regard to the Bakken.

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The NDIC Daily Activity Report   
High Points

Active rigs:

$59.98	3/21/2019	03/21/2018	03/21/2017	03/21/2016	03/21/2015
Active Rigs	67	59	50	32	107

Eight new permits:

• Operator: Enerplus
• Field: Moccasin Creek (Dunn County)
• Comments: Enerplus has permits for an 9-well "Metamorphic Rock" pad in section 17-147-93 in Moccasin Creek; see graphic below

Four producing wells (DUCs) reported as completed:

• 34178, n/d, CLR. Ravin 10-1H1, Dimmick Lake, no production data,
• 34453, 1,223, XTO, Cherry Creek State 14X-36EXH-S,  Pembroke, t3/19; no production data,
• 34368, 1,894, XTO, Cherry Creek State 14X-3EXF, Siverston, t3/19; no production data,
• 34370, 1,530, XTO, Cherry Creek State 14X-36B, Siverston, t3/19; no production data,
• 34366, 1,615, XTO, Cherry Creek State 14X-36AXD, Siverston, t3/19; no production data,

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Proposed Location For The Enerplus "Metamorphic Rock" Pad

The "Metamorphic Rock" pad:

• 36225, loc, Hornfels 147-93-08D-05H, Enerplus, Moccasin Creek,
• 36226, loc, Mylonite 147-93-08D-05H-TF, Enerplus, Moccasin Creek,
• 36227, loc, Eclogite 147-93-17A-20H, Enerplus, Moccasin Creek,
• 36228, loc, Phyllite 147-93-17A-20H-TF, Enerplus, Moccasin Creek,
• 36229, loc, Slate 147-93-08D-05H-TF, Enerplus, Moccasin Creek,
• 36230, loc, Quartzite 147-93-17A-20H-TF, Enerplus, Moccasin Creek,
• 36231, loc, Argillite 147-93-08D-05H, Enerplus, Moccasin Creek, 
• 36232, loc, Marble 147-9317A-20H, Enerplus, Moccasin Creek,
• 36233, loc, Gneiss 147-93-17A-20H-TF, Enerplus, Moccasin Creek,

Producing wells of note:

• 18752, 2,194, Enerplus, Henry Bad Gun 17A-20-1H, Moccasin Creek, t7/10; cum 480K 1/19;
• 18790, 1,773, Enerplus, Henry Bad Gun 16B-21-1H, Moccasin Creek, t10/10; cum 466K 1/19;