The Bakken Rocks -- May 19, 2020

OPEC basket: $28.21.

API: reports draw. We'll see what EIA data is tomorrow.

Headline: Permian Basin leads decline in US shale.

• Fact-checked here.

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Back to the Bakken

Active rigs:

$32.36	5/19/2020	05/19/2019	05/19/2018	05/19/2017	05/19/2016
Active Rigs	14	66	61	51	26

Four new permits, #37583 - #37586, inclusive --update, June 11, 2020: Enerplus changes the target from the Three Forks to the middle Bakken --

• Operator: Enerplus
• Field: Moccasin Creek (Dunn)
• Comments:
• Enerplus has four permits for its first "Lithophile Element" pad in section 16-147-93, Moccasin Creek oil field; all 9' FNL; all about 700' FEL
• this is already a very, very busy drilling unit with eight wells currently in production, to the west of where these new horizontals will run; 
• see graphic below

Two producing wells (DUCs) reported as completed:

• 35143, SI/A, CLR, Durant 2-12HSL, East Fork, t--; cum --;
• 36589, drl/A, Rimrock, Skunk Creek 8-2-3-4H3, t--; cum 14K over 31 days;

Graphic for the four new Enerplus permits:

See this post for additional information regarding this area.