Demand Destruction, Third Wave, and No US Stimulus: WTI Drops Below $40 --Slawson With Four New Permits; Five Permits Renewed; One DUC Reported As Completed -- October 21, 2020

Active rigs:

$39.81	10/21/2020	10/21/2019	10/21/2018	10/21/2017	10/21/2016
Active Rigs	14	62	71	54	34

Active rigs decreased by one today, but it means nothing. The Red Trail Energy rig is off the list. That was a carbon capture and storage well; irrelevant. There is no change in the number of active oil and gas wells  (14). 

Four new permits, #37917 - #37920, inclusive -- note there is a mistake on the daily activity report, the scout tickets are accurate -- the information below is from the daily activity report with [my] corrections. The scout tickets do not show the BR well / #37917; the scout tickets show permit #37917 to be the fourth Slawson permit today, Whirlcat Federal 4-31-30TFH. The daily activity report will probably be corrected tomorrow. I've never seen an error with scout tickets; recently I've seen many errors with the daily activity report.

In fact, the error on the daily activity report, BR's Sequoiafill 1D is permit #37617, not #37917 as shown on the daily activity report. Slawson has four new permits, #37917 -#37920, inclusive.

• Operators: Slawson (3); BR -- that's an error -- should be four new Slawson permits, no new BR permits;
  
• Fields: Big Bend (Mountrail); and, Hawkeye (McKenzie) -- that's an error; all new permits should be shown as in Big Bend (Mountrail); none in Hawkeye (McKenzie County) today;
  
• Comments:
• Slawson has permits for a 3-well Sniper Federal (2) / Whirlcat (1) pad in lot 3, section 6-151-92, from 279' to 288' FNL and from 1270' to 1570' FWL, Big Bend, which is wrong; there were four permits for Slawson for a 4-well Sniper Federal  (2) / Whirlcat pad (2); 
  
• BR has a permit for a Sequoiafill well in section 36-153-95, 870' FSL and 2620' FEL; Hawkeye oil field; that's wrong; BR did not get any permits today
  
• Comment: when I see Slawson active in the Bakken, that's a huge positive indication that things are improving; privately-held; this family-owned company is very conservative; it made my day to see Slawson active in the Bakken;
  

Five permits renewed:

• EOG (4): four Burke permits in Mountrail County;
• Hunt Oil: a Rulson permit in Mountrail County;

One producing well (a DUC) reported as completed:

• 33686, SI/A, Crescent Point Energy, CPEUSC Berner 6-19-18-157N-99W, Lone Tree Lake, API 33-105-04463; t--; cum 104K 8/20;