Friday, July 26, 2019

Some Have Active Rigs In North Dakota Down To 47 -- July 26, 2019

Updates

Later, 3:27 p.m. CT: see first comment. There is an explanation for the "discrepancy."

Original Post

Apparently rigs don't matter.
  • Z4 Research, active rig count down to 47 in North Dakota
  • NDIC:

$56.097/26/201907/26/201807/26/201707/26/201607/26/2015
Active Rigs5963603373

  • Director's cuts:


It's possible NDIC is reporting "all" active rigs regardless of what they are doing; while Z4 Research is reporting only rigs targeting crude oil. Either way, no big deal. North Dakota producing near record amounts of oil on ever-decreasing number of active rigs 

Seven new permits, #36790 - #36796, inclusive:
  • Operators: Sinclair, Hess
  • Fields: Lone Butte, Manitou
  • Comments: 
    • Sinclair has permits for a 4-well Harris Federal pad in lot 2 / section 5-146-97, Lone Butte oil field,
    • Hess has permits for a 3-well EN-Ruland pad in lot 1 / section 4-155-94, Manitou oil field
NDIC hearing dockets for August, 2019, posted today. See this link.

4 comments:

  1. Baker Hughes only counts rigs actually drilling. ND counts rigs that are setting up.

    ReplyDelete
  2. I believe Baker Hughes doesn’t count “spud” rigs or rigs drilling SWD’s, either. Although there aren’t any SWD’s being drilled right now on the NDIC list

    ReplyDelete
    Replies
    1. I'm sure that's correct, that Baker Hughes does not count rigs drilling SWD wells. Not sure about "spud" rigs since so much has changed from the first days of the boom to now. The good news: it seems the NDIC remains consistent with their numbers and definitions.

      Delete

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