Lime Rock Resources With One New Permit -- May 28, 2020

OPEC Basket: $29.03. Down 2.4%. Saudi hell. 

Active rigs:

$33.74	5/28/2020	05/28/2019	05/28/2018	05/28/2017	05/28/2016
Active Rigs	11	64	65	50	29

One new permit, #37602 --

• Operator: Lime Rock Resources
• Field: Fayette (Dunn)
• Comments: 
• Lime Rock Resources has a permit for an Emerson well in SESE 13-143-96, Fayette oil field
• in the early days of the Bakken, OXY was active in the Fayette; initially Fayette looked very, very good but over time, not as great as it originally looked; certainly its Tier 1 but not the best Tier 1; it will be interesting to see how Lime Rock Resources does here
•  37602: sections 24/25-143-96 & sectons 19/30-143-95. Commission order #27512.
• 255 FSL 1144 FEL
• Fayette-Bakken: the interval from 200 feet above the top of the Bakken formation to above the top of the Birdbear formation;

Six producing wells (DUCs) reported as completed:

• 35603, SI/A, XTO, Cole 44X-32DXA, Siverston, t--; cum --;
• 26802, SI/A, XTO, Cole 44X-32G, Siverston, t--; cum --;
• 33024, drl/A, BR, Renegade 24-10 TFH, Sand Creek, t--; cum --;
• 33022, SI/A, BR, Chuckwagon 21-15 TFH, Sand Creek, t--; cum --;
• 36301, SI/A, BR, Renegade 34-15 TFH-R, Three Forks B2, Sand Creek, t--; cum --;
• 33023, SI/A, BR, Renegade 24-10 MBH, Sand Creek, t--; cum --;

**************** 

Renegade 34-15 TFH-R

Permit:

• 2560-acre drilling: sections 3/10/15/22-153-97
• estimated total depth: 21,742' MD
• estimated TVD: 10,905' 
• Three Forks B2;

Narrative:

• upper Bakken shale top: 10,914'; highest gas reading through the seam - 3012 units
• middle Bakken, dolomite, top: 10,946'; gas values averaged 1200 units; about 53' thick;
• Three Forks, sandstone, top: 11,099'
• one lateral, TD = 21,641'; gas levels averaged 171 units with a maximum of 10,000 units; the lateral tracked throughout the Three Forks for 100% of the lateral