Whiting With Two New Lacey Permits In Sanish Oil Field -- June 25, 2020

Dead cow: Vaca Muerta is no long economical. Link here.

As the global oil market began to fall apart earlier this year, fracking activity in Argentina’s Vaca Muerta came to a complete halt, with the number of fracking stages (a common measure of drilling activity in Argentina) falling from 430 in March to zero in April. See also S&P Global Platts.

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Active rigs:

$38.72	6/25/2020	06/25/2019	06/25/2018	06/25/2017	06/25/2016
Active Rigs	10	62	65	58	30

Two new permits, #37668 - #37669, inclusive --

• Operator: Whiting
• Field: Sanish (Mountrail)
• Comments:
• Whiting has permits for two more Lacey wells in SWSW 3-152-92, both 300' FWL and about 850' from FSL