Tuesday, July 9, 2019

57 Active Rigs In North Dakota; Nine New Permits; Ten Permits Renewed; Five DUCs Reported As Completed -- Hardly A Basin That Sounds Like it's Slowing Down -- July 9, 2019

API: huge US crude oil draw:
  • forecast: a draw of 3.081 million bbls
  • actual: 8.129 million bbls
  • WTI? flat
Active rigs:

$57.837/9/201907/09/201807/09/201707/09/201607/09/2015
Active Rigs5765562974

Nine new permits, #36696 - #36704, inclusive
  • Operators: BR (5); WPX (2); Iron Oil (2)
  • Fields: Elidah (McKenzie County); Spotted Horn (McKenzie); Antelope Creek (McKenzie County)
  • Comments:
    • BR has permits for a 5-well Muri/Sanmuri pad in section 27-151-97, Elidah oil field
    • WPX as permits for a 2-well Pronghorn pad in section 27-150-94, Spotted Horn oil field
    • Iron Oil has permit for a 2-well Antelope pad in lot 2/section 5-148-101
Five producing wells (DUCs) reported as completed:
  • 34560, 818, Abraxas, Ravin 12H, North Fork, t5/19; cum 17K after 25 days;
  • 35299, 2,552, WPX, Minot Grady 26-35HT, Squaw Creek, t6/19; cum --;
  • 32622, 1,656, Whiting, Gilfer 21-15-1HU, Epping, t6/19; cum --
  • 34932, 1,972, Whiting, Peterson 41-15-5TFH, Epping, t6/19; cum --;
  • 34933, 1,976, Whiting, Peterson 41-15-6HU, Epping, t6/19; cum --;
Ten permits renewed:
  • EOG (4): four Burke permits, all in Mountrail County
  • CLR (4): two Olympia permits and two Charleston permits, all in Williams County
  • Resource: a Beetle permit in Divide County
  • Whiting: a Tomchuk permit in Stark County

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