Iron Oil With Three New Permits -- May 12, 2020

Corona virus: I noted yesterday that unless the vaccine is 100% effective and/or the virus simply fades away, at the rate of one million positive tests every three months (the current rate in the US), it will take about ten years (actually 8.3 years) for 300 million Americans to test positive. Apparently the folks in California are taking that to heart:

• California State University has announced it will remain closed through the fall semester, affecting 23 campuses;
• Los Angeles County's stay-at-home orders extended for the next three months; if Orange County follows (and why wouldn't it?) say sayonara to Disney Land;

OPEC Basket: $22.71. Link here. For Saudi Arabia:

Buried Alive, Yeah Yeah Yeahs

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Back to the Bakken

Active rigs:

$25.14	5/12/2020	05/12/2019	05/12/2018	05/12/2017	05/12/2016
Active Rigs	17	66	60	51	27

Three new permits, #37568 - #37570, inclusive --

• Operator: Iron Oil Operating
• Field: Sather Lake (McKenzie County)
• Comments:
• Iron Oil has permits for three Antelope wells, two on a pad in lot 3, section 3-148-102; the third in section 2-148-102
• for more on Iron Oil, see this post;

One producing well (DUC) reported as completed:

• 36653, drl/A, Bruin, FB (Fort Berthold) Bonita 152-93-9B-10-9T, Four Bears, t--; cum --; interestingly enough, the six "FB" wells to the south are all off line (#21800, #21801, #21802, #21807, #21805, #21803)
• 21800, 1,584, t11/12; cum 315K 12/19;
• 21801, 1,206, t11/12; cum 320K 12/19; 
• 21802, 741, t11/12; cum 266K 11/19; 
• 21807, 1,349, t5/14; cum 229K 1/20;
• 21805, 1,362, t5/14; cum 293K 1/20;
• 21803, 1,467, t5/14; cum 398K 10/19;