Fifteen DUCs Reported As Completed; Whiting, Bruin With Several Great Wells -- July 24, 2019

Active rigs:

$55.80	7/24/2019	07/24/2018	07/24/2017	07/24/2016	07/24/2015
Active Rigs	58	66	59	32	73

Three new permits, #36781 - 36783, inclusive):

• Operators: Lime Rock Resources III-A, L.P. (2); Equinor
• Field: Dimond (Burke County); Last Chance (Williams)
• Comments: 
• Lime Rock has permits for a 2-well Mariner ... 91P pad in section 15-160-91, Dimond oil field
• Equinor has a permit for a Marcia well in lot 3 / section 3-153-100, Last Chance oil field

Four permits renewed:

• Whiting (2): two P Bibler permits in Williams County
• Slawson: one Stallion permit in Mountrail County
• Sinclair: one Olson Federal permit in Dunn County

Three permits canceled:

• Whiting (2): two P Thomas permits in Williams County
• Zavanna: a Raven permit in McKenzie County

Fifteen producing wells (DUCs( reported as completed:

• 33204, 1,934, Petroshale, P Petroshale US 13H, Danish, t5/19; cum 28K after 22 days; 
• 35939, 2,239, Whiting, Nelsen 11-2HU, Elk, t7/19; cum --; 
• 35756, 2,581, Whiting,  Nelsen 11-2-1H, Elk, t7/19; cum --; 
• 35757, 1,851, Whiting, Nelsen 11-2-2H, Elk, t7/19; cum --; 
• 35822, 2,249, Whiting, Wahlstrom 21-3-4H, Elk, t7/19; cum --; 
• 35823, 1,539, Whiting, Wahlstrom 21-3-3H, Elk, t7/19; cum --; 
• 32273, 797, Slawson, Submariner Federal 7-23-20TFH, Big Bend, t6/19; cum --;
• 35205, 818, Slawson, Stallion Federal 5 SLTFH, Big Bend, t7/19; cum --;
• 35794, 700, Kraken Operating, Rixey 33-28 6TFH, Lone Tree Lake, t6/19; cum --;
• 35795, 1,104, Kraken Operating, Rixey 33-28 7H, Lone Tree Lake, t6/19; cum --; 
• 35796, 700, Kraken Operating, Rixey 33-28 8TFH, Lone Tree Lake, t6/19; cum --;
• 29539, 4,635, Bruin E&P Operating, Borrud 156-101-1B-12-2H, Tyrone, t7/19; cum --;
• 29787, 3,099, Bruin E&P Operating, Borrud 156-101-1A-12-1TFH, Tyrone, t7/19; cum -;
• 33335, 2,871, Bruin E&P Operating, Borrud 156-101-1A-12-4H, Tyrone, t7/19; cum --;
• 33336, 3,047, Bruin E&P Operating, Borrud 156-101-1A-12-5H, Tyrone, t7/19; cum --; 

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Non-Bakken News

Huge inventory draw -- 10 million bbls. WTI falls almost 2%; falls almost a dollar / bbl; trading under $56/bbl.