WTI Spikes; Could Close Over $58 -- Seven New Permits -- November 21, 2019

Land grab re-visited:

Active rigs:

$58.54	11/21/2019	11/21/2018	11/21/2017	11/21/2016	11/21/2015
Active Rigs	57	62	55	38	65

Seven new permits, #37204 - #37210, inclusive:

• Operators: Equinor (5); BR; WPX
• Fields: Avoca (Williams); Cow Creek (Williams); Hawkeye (McKenzie); Eagle Nest (Dunn County)
• Comments: 
• BR has a permit for a Superbad well in section 15-152-95; Hawkeye oil field;
• Equinor has permits for two Larsen wells in section 15-154-100, Avoca oil field;
• Equinor has permits for an A Tufto well and two L. Tufto wells in Cow Creek, section 7-155-100;
• WPX has a Spotted Wolf permit for section 18-148-04, Eagle Nest oil field

One permit canceled:

• XTO: an FBIR Lawrence permit canceled in Dunn County

One producing well (a DUC) reported as completed:

• 36089, 220, WPX, Ruby 31-30HEL, Antelope-Sanish, t7/19; cum 79K 9/19;

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The Superbad Permit

With regard to BR's Superbad permit, section 15-152-95, already has the following horizontals running through it:

• 25161, 1,570, BR, Badland (sic) 11-15TFH, Hawkeye, t8/13; cum 246K 9/19;
• 18020, 2,181, BR, Badlands 21-15H, Hawkeye, t2/10; cum 287K 9/19;
• 24627, 2,982, BR, Badlands 21-15TFH, Hawkeye, t9/13; cum 202K 9/19;
• 24628, 2971, BR, Badlands 21-15MBH, Hawkeye, t8/13; cum 190K 9/19;
• 24629, 2,949, BR, Badlands 31-15TFH, Hawkeye, t8/13; cum 148K 9/19;
• 24624, 2,919, BR, Badlands 31-15MBH, Hawkeye, t8/13; cum 219K 9/19;
• 24625, 2,854, BR, Badlands 41-15TFH, Hawkeye, t8/13; cum 219K 9/19; off line, 9/19;
• 24626, IA/2,924, BR, Badlands 41-15MBH, Hawkeye, t8/13; cum 235K 9/19; off line, 5/19; remains off line, 9/19;
• 26928 (a section line well on the east), 1,363, BR, Craterlands 11-14TFH-R, Hawkeye, t3/14; cum 198K 9/19; off line, 3/19; back online 6/19; from the file report:
• the drilling target zone was approximately a 20-foot thick zone about 23 feet below the base of the lower Bakken shale
• spud date: December 1, 2013
• cease drilling: January 17, 2014
• inside drilling target footage: 9,738 feet (100%)
• frack: 30 stages; 3.3 million lbs
• no explanation for the "R" designation, but not a reentry as far as I can tell; a revised permit application?