Eight New Permits; WTI Continues ToTrade Down -- June 3, 2019

WTI: down 1.23%; down 66 cents; trading under $53. 

Active rigs:

$52.84	6/3/2019	06/03/2018	06/03/2017	06/03/2016	06/03/2015
Active Rigs	64	60	51	25	81

Eight new permits:

• Operators: XTO, Zavanna
• Field: Capa (Williams), Stony Creek (Williams)
• Comments:
• Zavanna has permits for a 3-well Blue Heeler pad in section 20-155-100, Stony Creek oil field 
• there is currently one permit in that drilling unit
• 21227, 909, Zavanna, Leopard 20-17 1H, Stony Creek, t7/12; cum 333K 4/19; steady Eddy; nothing remarkable except a nice 30-day IP back in 8/12 of 21,291 bbls
• XTO has permits for a 5-well Marilyn pad in section 23-155-95, Capa oil field
• there are currently two long laterals in that 1280-acre drilling unit:
• 20109, 756, XTO, Marilyn 21X-23, Capa, t10/11; cum 210K 4/19; steady Eddy, nothing remarkable; completion data not at NDIC file report; FracFocus: 2.748 million gallons of water (a very small frack); 89.1% water;
• 17813, 448, XTO, Tubie 21X-23, Capa, t4/09; cum 95K 4/19; 

Six permits renewed:

• CLR: two Berlain permits in McKenzie County; two Olympia permits and two Charleston permits, all in Williams County

Four producing wells (DUCs) reported as completed:

• 34923, n/d, CLR, Collison 12-23H1, Avoca, t--; cum --; all neighboring wells still off line;
• 35053, n/d, CLR, Collison 13-23HSL, Avoca, t--; cum --; all neighboring wells still off line;
• 35165, 932, Kraken, Sutton 3-10 5TFH, Oliver, t--; cum --; all neighboring wells still off line;
• 35167, 1,169, Kraken, Sutton 4-9 1TFH, Oliver, t--; cum --; all neighboring wells still off line;

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The Blue Heeler -- An Australian Cattle Dog

Link here.