No New Permits; Twenty-Two Permits Renewed -- July 9, 2020

Peak wealth? What peak wealth. There are two interesting data points regarding the graphic below (posted just above the "fold").

Peak oil? What peak oil?

Market:

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

Tesla: Before for Sophia invests in TSLA, I'm having her do some "due diligence." We are reading her new book, A Brief History of Unicorns, Selwyn E. Phipps, c. 2019. More on this series later.

 

Comments regarding graphic at the top:

• Tim Cook does not make the list; Steve Ballmer did (make the list);
• Jeff Bezos is in a "league of his own

**********************************

Back to the Bakken

Active rigs:

$39.48	7/9/2020	07/09/2019	07/09/2018	07/09/2017	07/09/2016
Active Rigs	11	57	65	56	29

No new permits.

Eleven permits canceled (these should have been in the July 8, 2020, DAR, but somehow overlooked by NDIC in yesterday's report; there were a lot of typographical errors in that report also):

• Equinor (8): two Raymond permits (McKenzie); two Olson permits (Williams); two Martin permits (Williams); one Marcia permit (Williams)
• Whiting (2): two Iverson permits (Mountrail County)
• Rimrock: one Skunk Creek permit in Dunn County

One producing well reported as completed:

• 37111, drl/A, Crescent Point Energy, CPEUSC Njos 8A-26-35-157N-100W TFH, Marmon, t--; cum --;

Twenty-two permits renewed:

• Rimrock Oil & Gas (8): seven Skunk Creek permits and one Moccasin Creek permit, all in Dunn County 
• SHD (7): one permit each, all in McLean County: Epsilon, Delta, Demeter, Cheetah, Narcissus, Poseidon, and Zeta;
• Whiting (4): one Pronghorn Federal and two USA Federal permits, all in McKenzie County; a Kessel Federal permit in Williams County;
• Slawson: a Gunslinger Federal in McKenzie County;
• Liberty Resources: a Sundhagen C permit in Williams County
• Newfield: a Moberg Federal permit in McKenzie County