Whiting With Two New Permits: MRO Reports Two Huge DUCs -- July 21, 2020

EU stimulus package: close, but no cigar. $572 billion. Won't be nearly enough. "Green" focused. Really, really bad news. For the EU. LOL.

WTI: up 2.82%; up over a buck; trading at $41.96 and, then, a speed bump -- large, and again (how many times have we heard this?), an unexpected crude oil build. The API consensus, predicted an inventory draw of almost 2 million bbls. In fact a whopping increase in crude oil inventories: 7.5 million bbls. If they were basing their estimate on the declining number of rigs, it sort of expalins how they missed the number.

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Back to the Bakken

ICYMI: Tesoro High Plains Pipeline shutdown; failed to obtain lease through reservation. Affects MRO / Marathon refinery in Mandan; posted earlier.

Active rigs:
 

$41.96	7/21/2020	07/21/2019	07/21/2018	07/21/2017	07/21/2016
Active Rigs	11	55	67	59	31

Two new permits, #37729 - #37730, inclusive:

• Operator: Whiting
• Field: Sanish (Mountrail)
• Comments: 
• Whiting has two new permits 
• Foreman Federal, lot 3 section 4-152-92, 565 FNL 1665 FWL, Sanish oil field,
• Pennington, lot 1 section 4-152-92, 451 FNL 846 FEL, Sanish oil field

Four producing wells (DUCs) reported as completed:

• 35891, conf, Whiting, Sondrol 11-29H, Pembroke, producing, a 23K month;
• 35892, SI/A, Whiting, Rauser 11-29H, Pembroke, t--; cum 83K in 3.5 months; a 29K month;
• 34601, drl/A, MRO, Salveson USA 24-21H, Reunion Bay, t--; cum 170K 3.5 months; a 54K month;
• 34602, drl/A, MRO, Gerhardt USA 14-21H, Reunion Bay, t--; cum 145K 3 months; a 56K month;

Three permits renewed:

• Petroshale: two Anderson South permits, and one Petroshale US permit, all in McKenzie County;

Two permits canceled:

• Petro-Hunt: two Eric Stratton Federal permits in McKenzie County

Dry hole:

• 34677, dry, EOG, Clarks Creek 65-07H, McKenzie County

Producers now abandoned: 8, of interest:

• 10103, Liberty Resources, Iverson State A 1,  

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Additional Information Regarding Some Of The Wells Above

The wells:

• 10103, PA/32, Liberty Resources, Iverson State A 1, Glass Bluff, t1/185; cum 13K 7/93; last produced in 1993; very erratic production for years; 

• 34677, dry, EOG, Clarks Creek 65-07H, McKenzie County, from the file report:
• spud December 25, 2020 (sic) (must have been 2019)
• KOP: 0700 hours, January 11, 2020
• curve began at 1730 hours January 11, 2020
• curve TD reaced at 0600 hours January 12, 2020
• lateral 
• begun at 0130 hours, January 15, 2020
• abandoned at 14,226' MD on 1/16/2020 due to lower shale strike 

• 34601, drl/A, MRO, Salveson USA 24-21H, 33-061-04204; Reunion Bay, t--; cum 170K 3.5 months; a 54K month; fracked 1/12/2020 - 1/26/2020, 8.3 million gallons of water; 99.99965% water by mass;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2020	31	35603	35645	20017	52348	0	50209
BAKKEN	4-2020	30	53827	53895	45437	65539	0	62381
BAKKEN	3-2020	29	46754	46820	44990	52231	0	49489
BAKKEN	2-2020	15	33998	33589	65974	40193	0	3821

• 34602, drl/A, MRO, Gerhardt USA 14-21H, 33-061-04205; Reunion Bay, t--; cum 145K 3 months; a 56K month; fracked 1/12/2020 - 2/10/2020; 7.7 million gallons of water; all water?

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2020	31	31310	31352	16385	43477	0	41605
BAKKEN	4-2020	30	48352	48515	39310	58332	0	55495
BAKKEN	3-2020	30	55850	55549	43312	59891	0	56616
BAKKEN	2-2020	5	9038	8929	8337	9030	0	8507

FracFocus, screenshots:

34601:

34602: