Tuesday, July 7, 2020

Twenty-Three Permits Renewed; Four DUCs Reported; Three New Permits -- July 7, 2020

API week crude oil storage estimate:
  • estimate forecast: an inventory draw of 3.114 million bbls
  • actual estimate: a build of 2.048 million bbls

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Back to the Bakken
Active rigs:

$40.577/7/202007/07/201907/07/201807/07/201707/07/2016
Active Rigs1058645630

Three new permits, #37702 - #37704, inclusive:
  • Operator: Whiting (2); Petro-Hunt
  • Field: Sanish (Mountrail); Charlson (McKenzie)
  • Comments: 
    • Whiting has permits for a two-well Lacey pad in NESE 2-152-92, 350' FEL and about 1900' FSL; Sanish oil field
    • Petro-Hunt has a permit for a USA well in NWNW 14-153-95, 195' FNL and 1166' FWL; based on the name of this well, it will be a long lateral (1280-acre spacing) running north into sections 11 and 2;
Twenty-three permits renewed:
  • CLR (10): two of each of the following: Dennis, Flint Chips (all four in Dunn County); Berlain (both in McKenzie); Charleston and Olympia (all four in Williams County);
  • CPEUSC (8): four CPEUSC Narcisse permits; four CPEUSC Austin permits5, Williams County
  • Lime Rock (3): three Harlson Rebsom permits in Dunn County
  • EOG (2): two Austin permits in Mountrail County (spelled incorrectly on the DAR)
Four producing wells (DUCs) reported as completed:
  • 35557, SI/A, Oasis, Bobby 5502 14-2 8BX, Squires, t--; cum 19K in 1.5 months;
  • 34826, drl/A, Hess, HA-Nelson A-152-95-3427H-9, Hawkeye, t--; cum 70K in 2.5 months;
  • 34827, drl/A, Hess, HA-Nelson A-152-95-3427H-8, Hawkeye, t--; cum 68K in 3 months;
  • 34828, drl/A, Hess, HA-Nelson A-152-95-3427H-7, Hawkeye, t--; cum 82K in 3 months;
Production data:

34828:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203120788207611221634159330021157
BAKKEN4-20203025191254911712047714438333881
BAKKEN3-202031361113567628034689202984339077
BAKKEN2-20200000000

34826:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203125670256151199345385438481537
BAKKEN4-20203026953270191229145494417933701
BAKKEN3-20201817509172988300319001381318087

34827:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20203118992189871508143147416861461
BAKKEN4-20203026722268531831449853457974056
BAKKEN3-202024227242245019185421661825823908

35557:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20200000000
BAKKEN4-20200000000
BAKKEN3-202013872591331476766976190197
BAKKEN2-2020299801928710526822063871543

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