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

Active rigs:

$58.12	5/23/2019	05/23/2018	05/23/2017	05/23/2016	05/23/2015
Active Rigs	64	65	51	25	82

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;