Fifteen New Permits; WTI Surges Almost 5% -- July 10, 2019

WTI: up 4.5% today; gained $2.60/bbl; trading at $60.43.

Active rigs:

$60.43	7/10/2019	07/10/2018	07/10/2017	07/10/2016	07/10/2015
Active Rigs	58	66	57	29	73

Fifteen new permits (#36705 - #36710, inclusive):

• Operators: Bruin (10): Hess (5)
• Fields: Eagle Nest (Dunn); Beaver Lodge (Williams)
• Comments:
• Bruin has permits for a 6-well Fort Berthold pad in lot 4/section 19-148-94, Eagle Nest oil field
• Bruin has permits for a 4-well Fort Berthold pad in section 19-148-94, Eagle Nest oil field
• my hunch is this is one big 10-well pad
• Hess has permits for a 5-well BL-Amelia pad in section 15-156-95, Beaver Lodge oil field

One producing well (DUC) reported as completed:

• 32163, 1,812, Hess, CA-Anderson Smith-155-96-2635H-5, Capa, t3/19; cum 66K 5/19 (less than three months); a six-well pad; frack data not yet available; [neighboring: #16083, back on line; #16480, a long way to the east, is IA, and offline since 12/18]; 

From the file report, #32163:

• spud: October 27, 2018
• TD: November 4, 2018 (seven days, spud to TD)
• middle Bakken
• vertical drilled in two runs with a planned bit trip at 7,402 feet
• curve: began October 30 at 3:44 a.m.
• curve landed at 4:02 p.m., same day, October 30; twelve hours to drill the curve
• lateral began on November 1
• ceased drilling, November 4, 2018, at 3:55 p.m. CT
• finished 16.69' low of the target center-line and estimated to be out of the bottom of the geologic zone of interest