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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2019	31	867	887	1185	763	701	0
BAKKEN	9-2019	30	890	877	1215	761	661	40
BAKKEN	8-2019	22	573	658	961	523	479	0
BAKKEN	7-2019	30	905	654	1315	831	771	0
BAKKEN	6-2019	29	795	868	1097	821	532	235
BAKKEN	5-2019	31	875	1079	1235	896	804	30

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.