CLR With Eight New Permits; Hess Reports A Completed DUC -- September 28, 2020

Autos: interview with CEO of one of the UK's largest motor retailers, McKinsey & Company, September 28, 2020. 

I was very disappointed with this interview. The CEO is talking his book and ignoring Tesla. It's important to note that he was asked only to look ten years down the road. His thesis: humans are social animals; and, the next ten years of human existence won't change human behavior that has evolved over the last 3,000 to 30,000 years.

Tesla, in this context, is a metonym for EVs and autonomous vehicles in general.

What disappointed me most about this interview? A CEO of a £3 billion automotive retailer was only asked to look out ten years in the future.

What disappointed me most in his answers? The CEO did not address this question -- in a very competitive business, what will the successful auto dealerships do to distinguish themselves from the rest?

Unless I missed it, he suggested same ol', same ol', which coming from a Brit, is not surprising.

EVs: along that same note, there will be a lot written about Governor Knewlittle's announcement that California will ban the sale of gasoline automobiles in 2035. I will not link any of those articles, except by rare exception, one way or the other. Anyone who thinks this will happen has not thought this through. But wow, 2034 should be a great year for auto sales in California.

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Back to the Bakken

Active rigs:

$40.60	9/28/2020	09/28/2019	09/28/2018	09/28/2017	09/28/2016
Active Rigs	11	57	66	58	32

Nine new permits, #37858 - #37866, inclusive:

• Operators: CLR (8); Red Trail Energy, LLC
• Fields: Westberg (McKenzie); Wildcat (Stark)
• Comments:
• CLR has permits for eight Clear Creek Federal wells in SESE 35-152-97; 300' FSL and between 813' and 1128' FEL; 
• wow, there's nothing out there. Although on confidential, they will be running north; if they ran south, they would be Dimmick Lake wells, but these are Westberg wells which mean they will run north;
• there is a well in the section to the north, a short lateral:
• 17918, 2,166, CLR, Clear Creek Federal 1-26H, Westberg, t8/10; cum 151K 4/20; intermittent production since 5/20; 
  
  
  

One producing well (a DUC) reported as completed:

• 29470, drl/A, Hess, TI-Beauty Valley-158-95-1423H-2, Tioga, t--; cum 47K over two months; the original application for permit dated 9/11/14; permit dated 9/22/14;