Enerplus With Six New Permits; Six DUCs Reported As Completed -- September 19, 2019

Brent: at $64 won't be enough for Saudi Arabia. What does twitter have to say?

• "Saudi Arabia has not asked for crude oil from Iraq after attacks." - Iraqi oil minister, via Platts
• one doesn't have to ask; one can enquire --  Crudehead
• Saudi Arabia bullying wealthy families to pump cash into IPO -- FT
• Natural gas storage nears five-yeave average -- EIA
• Saudi Aramco's oil stockpiles can cover lower output -- for now -- Bloomberg
• Texas rain shuts down one Cushing-Gulf pipeline and oil terminals -- unsourced
• the oil market has seen much bigger disruptions before, in percentage terms. History's biggest recorded one was the Suez War .. no price impact and forgotten because spare capacity was 35% (!) of supply." -- Chicago Times
• third instance of Justin Trudeua in face-darkening makeup surfaces -- The Daily Beast
• face-darkening makeup is different than blackface. For starters, black face is when a Republican does it -- CNM 

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Back to the Bakken

Active rigs:

$58.66	9/19/2019	09/19/2018	09/19/2017	09/19/2016	09/19/2015
Active Rigs	60	66	55	32	67

Six new permits, #36987 - #36992, inclusive:

• Operator: Enerplus (6)
• Field: Squaw Creek
• Comments: 
• Enerplus has permits for a 6-well fish pad in Squaw Creek, lot 4, section 3-148-94;

Four permits renewed:

• BR (3): two Renegade permits and one Chuckwagon permit, all in McKenzie COunty
• QEP: one MHA permit in Mountrail County

One permit canceled:

• EOG: one Austin permit in Mountrail County

Six producing wells (DUCs) reported as completed:

• 35839, 400, Sinclair Oil & Gas, Robinson Lake, t7/19; cum 19K over 13 days;
• 32929, 306, Sinclair Oil & Gas, Robinson Lake, t7/19; cum --;
• 31808, 1,981, EOG, Riverview 22-3031H, Clarks Creek, t8/19; cum --; 22486 -- see this post;
  
• 31807, 2,222, EOG, Riverview 25-3031H, Clarks Creek, t8/19; cum --; 22200, 22199;
• 31805, 2,073, EOG, Riverview 25-3031H, Clarks Creek, t8/19; cum --;
• 31804, 2,596, EOG, Riverview 26-3031H, Clarks Creek, t8/19; cum --;