Kraken Operating With Three New Kokomo Permits; Newfield With Three New Bernice Permits -- August 26, 2019

Sayonara: I don't think this is news. EIA says Australia is on track to become world's largest LNG exporter, followed by the US. Qatar will lose bragging rights as #1 LNG exporter and will move to 3rd place. Which is fine.

Active rigs:

$53.84	8/26/2019	08/26/2018	08/26/2017	08/26/2016	08/26/2015
Active Rigs	63	62	55	30	75

Six new permits, #36905 - #36910, inclusive:

• Operator: Kraken Development III; Newfield
• Field: Sanish (Mountrail); South Tobacco Garden (McKenzie County)
• Comments: 
• Kraken has permits for a 3-well Kokomo pad in Sanish oil field, section 12-154-91, see graphic below;
• Newfield has permits for a 3-well Bernice pad in South Tobacco Garden, section 18-150-99

Seven permits renewed:

• Windridge (2): two Mallard permits in Burke County
• Cobra (2): two NERU permits in Billings County 
• Iron Oil: one Bear Butte permit in McKenzie County
• Bruin: one Christine Joe permit in Williams County
• Sinclair: one Porcupine permit in Dunn County

Four producing wells (DUCs) reported as completed:

• 35012, 2,035, WPX, Spotted Horn 26-35HA, Squaw Creek, t8/19; cum --; #20238 with huge jump in production;
• 31193, 1,455, WPX, Jore (Federal) 13-12TF2H, Three Forks second bench; Clarks Creek, t219; cum 31K over 40 days; (#28747)
• 35196, 1,940, Whiting, Jackman 34-11-4H, East Fork, t8/19; cum --;
• 35496, 673,  Whiting, Jackman 34-11-3TFH, East Fork, t8/19; cum --; (#20736)

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Kokomo

If you want to go somewhere to get away from it all, go to Kokomo.

Kokomo, The Beach Boys