Tuesday, April 7, 2020

CLR Suspends Dividend; CLR With Two New Permits; ND Rig Count Drops To 36 -- April 7, 2020

CLR: announces suspension of dividend and production update.

Weekly crude oil build: API estimates 11.938 million bbls vs a forecast of 9.27 million bbls. We will see EIA's crude oil report tomorrow.

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Back to the Bakken

Active rigs:

$24.314/7/202004/07/201904/07/201804/07/201704/07/2016
Active Rigs3662584931

Two new permits, #37499 - #37500, inclusive --
  • Operator: CLR
  • Field: Indian Hill (McKenzie County)
  • Comments:
    • CLR has permits for two Harrisburg wells in SESE 34-153-101, Indian Hill
Three Kraken wells with name changes:
  • no significant change

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