Thursday, May 23, 2019

Four New Permits; One New Operator In The Bakken; WTI Falls Over 5% -- May 23, 2019

Active rigs:

$58.125/23/201905/23/201805/23/201705/23/201605/23/2015
Active Rigs6465512582

Four new permits:
  • Operator: KODA Resources Operating, LLC (see this post) (2); WPX Energy (2)
  • Field: Fertile Valley (Divide County); South Fork (Dunn County)
  • Comments: KODA has permits for a 2-well Stout pad in section 29-160-102, Fertile Valley
Three producing wells (DUCs) reported as completed:
  • 33027, n/d, CLR, Hereford Federal 12-17H2, Elm Tree, no production data, said to be flowing;
  • 33026, n/d, CLR, Hereford Federal 12-17H, Elm Tree, no production data, said to be flowing;
  • 33025, n/d, CLR, Hereford Federal 12-17H1, Elm Tree, no production data, said to be flowing;
    • neighboring wells
      • to the east, running same direction
        • 18138, nice jump in production;
        • 19503, remains off line as of 3/19;
      • to the west, running same direction, south to north
        • 19397, remains off line as of 3/19;
      • to the north, running same direction, south to north
        • 20804, remains off line as of 3/19;
        • 24473, back on line for 13 days; too early to say if any production jump; 3/19;
        • 20805, back on line for 11 days; too early to say if any production jump; 3/19;

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