ND Rig Count Drops To 16; Four New Permits; Four Permits Renewed -- May 13, 2020

Gasoline demand, link here --

OPEC basket: $22.83.

MDU: maintains its dividend payout.

California Resources: in talks for $600 million bankruptcy loan?

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Back to the Bakken

Active rigs:

$25.65	5/13/2020	05/13/2019	05/13/2018	05/13/2017	05/13/2016
Active Rigs	16	64	60	51	27

Four new permits, #37571 - #37574, inclusive --

• Operators: Kraken (3); CLR
• Fields: Oliver (Williams); Rattlesnake Point (Dunn)
  Comments:
• Kraken has permits for a 3-well Raymond/Fairbanks pad in NENE 29-157-98, Oliver oil field;
• CLR has a permit for another Cuskelly well in NWNE section 07-146-96, Rattlesnake Point oil field;

Four permits renewed -- obviously there's an error at the NDIC daily activity report -- here's the screenshot for permit renewals:

It's possible this is what the permit renewal section should be:

• XTO (2): two Hartel permits in McKenzie County;
• Lime Rock Resources (2): two Robert Sadowsky permits, Dunn County; both of these permits were to expire May 4, 2020, based on letter dated April 6, 2020, from the NDIC in the file report; both scout tickets show the permits to be PNC as of May 9, 2020, but the wells' status are listed as loc. 

Producing wells (DUCs) reported as completed:

• 32383, SI/A, CLR, Bohmbach Federal 9-26H1, Elm Tree, t--; cum --;
• 33797, SI/A, CLR, Antelope Federal 13-23H1, Elm Tree, t--; cum --;
• 32388, SI/A, CLR, Antelope Federal 12-34H, Elm Treek, t--; cum --;
• 36949, conf, Whiting, Arndt 11-24XH, Sanish,