Only Two New Permits -- Nine Point Energy Active Again: Hess Announces Thirteen Huge Completed DUCs -- December 10, 2019

LOL: every Tuesday about this time, we get another "surprise" regarding the API data. Today, a surprise build -- again:

• consensus: a draw of 2.763-million-barrel draw (as usual, note the false precision)
• actual: a 1.4-million-bbl build

Chevron: doesn't see much increase in price of oil this next year (2020); will write down $10 billion in market value of their holdings. A big major can handle this; I don't think the small companies can do this.

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Back to the Bakken

Active rigs:

$59.09	12/10/2019	12/10/2018	12/10/2017	12/10/2016	12/10/2015
Active Rigs	54	64	53	40	65

Two new permits, #37258 - #37259, inclusive --

• Operator: Nine Point Energy, LLC
• Field: Eightmile (Williams)
• Comments:
• Nine Point Energy has permits for a two-well S Missouri pad in section 4-152-103, Eightmile oil fiel

Thirteen producing wells (DUCs) reported as completed:

• 35222, 3,240, Hess, BB-Federal A-LS-151-95-0915H-6, Blue Buttes, t10/18; cum 19K over 13 days;
• 35223, 3,000, Hess, BB-Federal A-LS-151-95-0915H-5, Blue Buttes, t10/19; cum 3K over 5 days;
• 35224, 3,396, Hess, BB-Federal A-LS-151-95-0915H-4, Blue Buttes, t10/19; cum 28K over 17 days; 
• 35225, 2,610, Hess, BB-Federal A-LS-151-95-0915H-3, Blue Buttes, t10/19; cum 20K over 14 days;
• 35226, 3,466, Hess, BB-Federal A-LS-151-95-0915H-2, Blue Buttes, t10/19; cum 32K over 23 days;
• 35227, 3,401, Hess, BB-Federal A-LS-151-95-0915H-1, Blue Buttes, t10/19; cum 25K over 18 days; 
• 35043, 4,501, Hess, BB-Charlie Loomer-150-95-0718H-10, Blue Buttes, t10/18; cum 23K over 16 days; 
• 35042, 4,251, Hess, BB-Charlie Loomer-150-95-0718H-9, Blue Buttes, t10/19; cum 19K over 12 days; 
• 35041, 3,511, Hess, BB-Charlie Loomer-150-95-0718H-8, Blue Buttes, t10/19; cum 13K over 8 days;
• 35040, 3,209, Hess, BB-Charlie Loomer-150-95-0718H-7, Blue Buttes, t10/19; cum 2K over 3 days;
• 35039, 3,771, Hess, BB-Charlie Loomer-150-95-0718H-6, Blue Buttes, t10/19; cum 17K over 10 days;
• 35038, 4,226, Hess, BB-Charlie Loomer-150-95-0718H-5, Blue Buttes, t10/19; cum 27K over 15 days;
• 35037, 3,945, Hess, BB-Charlie Loomer-150-95-0718H-4, Blue Buttes, t10/19; cum 38K over 21 days;

Federal A-LS parent well:

• 18105, 860, Hess, BB-Federal A-151-95-0910H-1, Blue Buttes, t2/10; cum 419K 10/19; too early to tell whether affected by new wells; back on line and looks good;

Neighboring wells:

• 17125, 713, Hess, BB-Rice-150-95-0718H-1, Blue Buttes, t10/08; cum 358K 4/18; off line since 4/18; remains off line 10/19;
• 23968, 1,348, Hess, BB-Rice-150-95-0718H-2, Blue Buttes, t3/13; cum 368K 10/19; off line for short period of time past couple of months; but produced every month;
• 23969, 1,188, Hess, BB-Rice-150-95-0718H-3, Blue Buttes, t4/13; cum 412K 10/19; off line for short period of time past couple of months; but produced every month;