XTO WIth Four New Permits In The Grinnell-Bakken Unit -- May 20, 2020

OPEC Basket: $28.43.

WTI:

• another glitch over at oilprice.com? This morning the WTI price over at oilprice.com was $32.66. This afternoon, the same banner says WTI closed at $31.96, up $0.31, up almost a percent.
• over at Yahoo!Finance, that site shows crude closed as $33.52, up $1.56, up 4.88%. 
• in the "active rig" graphic below, I usually display the oilprice.com price because it's easier for me to check; however, in this case, I am showing the Yahoo!Finance quote

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Back to the Bakken

Active rigs:

$33.52	5/20/2020	05/20/2019	05/20/2018	05/20/2017	05/20/2016
Active Rigs	14	66	61	51	25

Four new permits:

• Operator: XTO
• Field: Grinnell (Williams)
• Comments:
• XTO has four new permits in the Grinnell-Bakken Unit (GBU), SWSE 34-155-96;
• all are about 1800' FEL and 80' FSL
• it looks like these wells will be sited in Capa oil field, but will run to the southeast, in the same drilling unit where #16470, a GBU-Harney well, is permitted; GBU-Harney has three horizontal legs: one is a short lateral; the other two are standard two-section laterals; #16470 is a lousy well; it was drilled / completed back in 2007 and to date has produced only 93K bbls of crude oil; in fact it has produced more water (107,960 bbls) than oil
• it's hard to say for sure how much proppant was used but it appears a total of 550,000 pounds in an open hole frack;

Four permits renewed:

• WPX: four Charles Blackhawk permits in Dunn County; 

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Her Grammy Betsy Passed Away 

About A Year Ago