Tuesday, December 17, 2019

A Bit More On The Reinstated Whiting Permit -- December 17, 2019

I often say the Bakken never ceases to amaze me. Well, here we go again. In today's daily activity report:
Most interesting: a Whiting permit reinstated --
  • #29504, an Oakland permit in section 29-151-103, McKenzie County
I didn't think about it much at the time, but then decided to see where it was located and take a look at the neighboring wells. Wow, this location is about as remote as one can get in North Dakota. It's just south of the river, far west McKenzie County, near Montana. There are very, very few wells in the area and the only well in the immediate area is this one:
  • 20185, 607, Whiting, Oakland 151-103-29B-22-1H, Glass Bluff, t4/12; cum 175K 10/19;
Recent production:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN10-20193186788711857637010
BAKKEN9-201930890877121576166140
BAKKEN8-2019225736589615234790
BAKKEN7-20193090565413158317710
BAKKEN6-2019297958681097821532235
BAKKEN5-2019318751079123589680430

By all criteria, particularly by today's standards, this is a fairly mediocre well at best, and now Whiting, the company that has been setting all-time records for canceling permits, has a permit in this immediate area re-instated. Makes absolutely no sense to me. So, we'll see.

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