Seven New Pemits; WPX And Oasis -- January 15, 2020

Active rigs:

$58.06	1/15/2020	01/15/2019	01/15/2018	01/15/2017	01/15/2016
Active Rigs	52	68	55	36	49

Seven new permits, #37346 - #37352, inclusive

• Operators: WPX (6); Oasis
• Fields: Eagle Nest (Dunn County); Sand Creek (McKenzie County)
• Comments:
• WPX has permits for a 6-well Fast Dog pad in Eagle Nest, section 18-148-94;
• Wold has a single permit for a Wold well in Sand Creek, section 34-153-97; 

Three disposal wells permitted.
 
Three producing wells (DUCs) reported as completed:

• 34639, 601, Slawson, Wolverine Federal 12-31-30TF2H, Elm Tree, t12/19; cum --; 2nd bench, Three Forks; spudded December 16, 2018, TD on February 22, 2019; vertical drilled, January 26, 2019 - January 30, 2019; curve started immediately after completing the vertical segment; segment took 10.3 hours; landed 66 feet into the Three Forks formation; the lateral was drilled in 48.3 drilling hours; drill rates ranged from 26 to 362 feet / hour; gas ranged between 57 and 2,270 units;
• 34603, 1,034, Slawson, Wolverine Federal 11-31-30TF2H, Elm Tree, t12/19; cum --; 2nd bench, Three Forks; spudded December 14, 2018; vertical began on February 3, 2019; completed in 65.6 hours; curve built in 9.7 hours; lateral was drilled in 48.3 drilling hours; gas units ranged between 13 and 3,260 units;
• 34604, 458, Slawson, Wolverine Federal 10-31-30TF2H, Elm Tree, t12/19; cum --; 2nd bench, Three Forks, spudded December 16, 2018; vertical drilled in 64.4 hours, January 26 - 28, 2019; curved built in 10.3 hours; lateral drilled 48.3 hours; gas ranged from 57 to 2,270 units; compare that with gas units from 26 to 380 in the first bench, Three Forks.

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Gasoline Demand

The dog days of gasoline demand: