Tuesday, January 21, 2020

No New Permits -- January 21, 2020

Active rigs:

Active Rigs5367583847

One permit renewed:
  • Murex: a Patricia Ann permit in Williams County
Two permits canceled:
  • Petro-Hunt: two Clark Griswold Federal permits in McKenzie County


  1. NDIC webinar is up. Not a lot new. Said he thinks we'll be flat in DEC and JAN also (weather not bad). But that road restrictions will be a killer in the spring. Froze up very wet ground. So maybe some drop in spring.

    Flaring getting better. But I really don't care.

    1. Long term production will reflect price and takeaway capacity. Otherwise, I don't see much change, either.

  2. Assuming we stay north of $55, I think we're lining up for more growth in summer/fall of this year. Maybe another 150,000 bopd or so. Break 1.6 MM bpd at least.

    Meanwhile little brother, NM, is probably going to break a million in NOV or DEC EIA-914s, yet to come.

    1. It will be interesting to watch the Faux environmentalists in New Mexico watch their boom.