Friday, May 3, 2019

WTI Will Close Below $62 Going Into The Weekend; Thirteen New Permits -- May 3, 2019

Active rigs:

$61.885/3/201905/03/201805/03/201705/03/201605/03/2015
Active Rigs6462502786

Thirteen new permits:
  • Operators: EOG (8); Zavanna (4); Freedom Energy Operating, LLC (1)
  • Fields: Antelope (McKenzie); Stony Creek (Williams); Stark County
  • Comments:
    • EOG has permits for an 8-well Clarks Creek pad in section 7-151-94 in Clarks Creek oil field;
    • Zavanna has permits for a 4-well Panther pad in section 16-155-100 in Stony Creek
    • Freedom Energy has a permit for a single wildcat well in section 21-139-96; Oltmans Panther 1-16,, #36417;  NENW 21-139-96; 1275 NFL 2413 FWL;
    • watch this one: Freedom Energy has a well in the same section, #36308, Oltmans Ocelot 1-21; NENW 21-139-96; 1275 FNL 2383 FWL;
    • a directional/vertical well in that immediate area, #22364, Hondl 21-1, Chimney Sweep Oil & Gas, targeted the Lodgepose; was dry;
Five permits renewed:
  • XTO (2): a Bud permit in Williams County and a Johnsrud permit in McKenzie County
  • Whiting: a Kostelecky permit in Stark County
  • Hess: a(n) HA-Nelson permit in McKenzie County
  • BR: an Ole Permit in McKenzie County
One permit canceled:
  • 31242, PNC, Kraken, Torino 24-13H, in Mountrail County
One producing well (DUC) reported as completed:
  • 35372, 2,776, Knut Berg Trust41-28HU, Pembroke, t4/19; cum --;
    • neighboring well, #21440, is off-line

2 comments:

  1. For the Freedom Energy wells, I’m sure they will be on the same pad. The pad is actually built already, and there has been activity often. I would guess they will be moving a rig on by the end of the month.

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    Replies
    1. Thank you. Lodgepole reefs have been so difficult to hit. It seems I've seen more "misses" than "hits." If these wells are vertical (or short directional) and they are now anticipating a second well in almost the same location, one wonders if the first well was a success. I certainly hope so; it would be quite exciting.

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