Monday, July 1, 2019

Well, That Didn't Last Long -- WTI Ended The Day Below $60; Fifteen Permits Renewed; Five DUCs Reported As Completed -- July 1, 2019

Active rigs:

$59.187/1/201907/01/201807/01/201707/01/201607/01/2015
Active Rigs6167583076

Three new permits
  • Operator: Petroshale
  • Field: Bear Den (McKenzie)
  • Comments: Petroshale has permits for a 3-well Jorgenson Federal pad in section 19-149-95, Bear Den oil field
Fifteen permits renewed:
  • SHD Oil & Gas (7): seven permits -- an Epsilon permit, a Delta permit, a Demeter permit, a Cheetah, a Narcissus permit, a Poseidon permit, and a Zeta permit, all in McLean County
  • Oasis (5): five Slagle permits in McKenzie County 
  • BR (2): two Patton permits in Dunn County
  • Whiting: one Stenehjem Federal permit in McKenzie County
One permit canceled:
  • CLR: one Burr Federal permint in Mountrail County
Five producing wells (DUCs) reported as completed:
  • 28953, 2,464, Hess, EN-Jeffrey-154-94-2215H-6, Alkali Creek, t5/19; cum 7K over six days;
  • 28952, 2,999, Hess, EN-Jeffrey-154-94-2215H-5, Alkali Creek, t5/19; cum 4K over three days;
  • 28951, 2,362, Hess, EN-Jeffrey-154-94-2215H-4, Alkali Creek, t6/19; no production data,
  • 35095, 3,807, Hess, AN-Bohmbach-153-94-2734H-6, Antelope-Sanish, t4/19; cum 52K over 43 days;
  • 33739, 2,444, Hess, BB-Federal B-151-95-2122H-6, t5/19; cum 22K over fourteen days; neighboring well, #18250, off-line; back on line for two days 5/19;

2 comments:

  1. I typed a couple "shale will grow more than you think, people" posts on Seeking Alpha and the financial markets noticed and dropped the price. Fear the shale, fear the shale.

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    Replies
    1. Pretty funny.

      The comment from the Saudi energy minister says it all. LOL.

      http://themilliondollarway.blogspot.com/2019/07/notes-from-all-over-part-1-july-1-2019.html

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