API weekly crude oil (link here):
- unexpected draw of 8.6 million bbls
- forecast: a modest inventory draw of 3.3 million bbls
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Back to the Bakken
MDU earnings:
- revenue of $1.36 billion (+4.6% y/y); beats by $60 million (the Bakken is back)
- EPS: 50 cents/share
- shares: up 1.5% after release;
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Active rigs:
$41.57 | 8/4/2020 | 08/04/2019 | 08/04/2018 | 08/04/2017 | 08/04/2016 |
---|---|---|---|---|---|
Active Rigs | 12 | 58 | 64 | 58 | 33 |
Five new permits:
- Operator: MRO
- Field: Reunion Bay (Mountrail)
- Comments:
- MRO has permits for a five-well pad (Mabel, Plenty Horns, Little Owl, Perry, and Odell) in lot 1, section 6-150-93, Reunion Bay
- the wells will be 300' FNL and about 900' FEL
Three permits renewed:
- Whiting: three Dwyer permits in McKenzie County
Four producing wells (DUCs) reported as completed:
- 36288, drl/A, Rimrock Oil & Gas, Two Shields butte 3-24-12-3HA, Mandaree, t--; cum 98K 5 months; a 24K month;
- 36291, drl/A, Rimrock Oil & Gas, Two Shields Butte 3-24-12-2H3, Mandaree, t--; cum 41K 3.5 months; a 12K month;
- 36398, SI/NC, Rimrock Oil & Gas, Two Shields Butte 4-24-12-4H3U, Mandaree, t--; cum 61K 4 months; a 17K month;
- 36400, SI/NC, Rimrock Oil & Gas, Two Shields Butte 4-24-12-3H, Mandaree, t--; cum 116K 5 months; a 27K month;
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