Hard To Stop A Train; Active Rigs Dropping; Bakken Production Will Increase In January 2020 -- EIA -- December 16, 2019

NOG: to start paying a dividend -- April, 2020; 1.5 cents/share; about a 3% yield. NOG is tracked here. I find this something remarkable. Supposedly NOG is producing about 35,000 boepd; Oasis is producing about 70,000 boepd in the Bakken. I could be wrong on those numbers, but that seems to be what I see.

Shale production to continue to grow -- just not as fast -- estimated production for next month, January, 2020.

• Permian: an increase of 48,000 bpd, from 4.694 million bpd to 4.742 million bpd, smallest increase since July 2019;
• Bakken: an increase of 3,000 bpd, from 1.523 million bpd to 1.526 million bpd;
• Eagle Ford: a decrease, falling from 1.366 million bpd to 1.357 million bpd
• source: EIA

DUCs: in that same report:

• Permian: down 20, from 7,705 (October, 2019) to 7,574 in November, 2019
• Bakken: an increase of 2, from 758 to 760
• Eagle Ford: a decrease of 24; from 1,421 to 1,397

Oil production, per new well, in December, 2019:

• Permian: 798, up 2 bbls, from 796 bbls/day
• Bakken: up an incredible 38 bbls per day, from 1,515 to 1,553 bbls/day in January, 2020
• Eagle Ford: 1,449; up 17 bbls, from 1,432 bbls/day

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Back to the Daily Activity Report

Wells coming off confidential list: it appears wells that were supposed to be reported, were not. Maybe tomorrow. 

Active rigs:

$60.16	12/16/2019	12/16/2018	12/16/2017	12/16/2016	12/16/2015
Active Rigs	52	67	53	40	64

One new permit, #37266:

• Operator: Oasis
• Field: Camp (Williams)
• Comments: 
• Oasis has a permit for a Borden Federal well in section 35-153-100; Camp oil field;

Four producing wells (DUCs) reported as completed:

• 34596, 2,381, Hess, EN-Weyrauh B-154-93-3031H-4, Robinson Lake, t11/19; cum --;
• 34595, 2,799, Hess, EN-Weyrauch B-154-93-3031H-3, Robinson Lake, t11/19; cum --; 
• neighboring well:
• 20651, EN-Weyrauch ... 2932H-2, off line;
• 35898, 752, Slawson, Slasher Federal 4-27-22MLH, Big Bend, t11/19; cum -- ;
• 35896, 1,181, Slawson, Slasher Federal 3-27-22MLH,  Big Bend, t11/19; cum --;
• neighboring wells:
• 18407, Ripper, off line;
• 19404, Jackknife Federal, off line;