Twenty-Four Permits Renewed; BR With Three New Permits -- WTI Trending Toward $50 -- November 25, 2020

Renewed permits: over the past couple of weeks -- let's gild the lily -- ever since the election, there seems to be a rush to renew permits in the Bakken. Hmmm, gee, I wonder what that could be all about? 

Active rigs:

$45.90	11/25/2020	11/25/2019	11/25/2018	11/25/2017	11/25/2016
Active Rigs	14	57	62	53	37

Three new permits, #37990 - #37992, inclusive:

• Operator: BR
  
• Fields: Lone Butte (Dunn), Little Knife (Dunn)
  
• Comments:
• BR has permits for a 3-well Lloyd Christmas/Tilton pad in SESW 7-147-97; one in Little Knife; two in Lone Butte;
• the three wells will be sited 236/237 FSL and between 2099 and 2144 FWL

Twenty-four permits renewed:

• Crescent Point Energy (12): six Ruby permits; six Holmes permits, all in Williams County;
• Equinor (4): two Larsen permits and two L. Tufto permits, all in Williams County;
• Hess (4): four LK-Bice permits in Dunn County;
• CLR (3): two Schroeder permits, Williams County; and, one Stewart permit, Divide County;
• Rimrock Oil & Gas: one Moccasin Creek permit in Dunn County
  
  

The BR permits in Lone Butte:

19184, 1,281, BR, Tilton 34-7H, Lone Butte, t3/11; cum 254K 9/20; current production is about as good as initial production; four stimulations:

• 11/13/10: one stage; 123K lbs proppant;
• 5/4/11: four stages; 22K lbs proppant;
• 5/5/11: three stages; 908K lbs proppant;
• 5/6/11: two stages; 227K lbs proppant;
• 3/7/11: two stages; 256K lbs proppant;
• 5/8/11: two stages; 284K lbs proppant;
• 5/9/11: one stage; 143K lbs proppant;
• 5/10/11: three stages; 307K lbs proppant;
• 5/11/111: two stages; 562K lbs proppant;
  

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Mark Perry

Mark Perry: today would have been William F. Buckley's 95th birthday.  Ten quotes, including:

• liberals don't care what you do so long as it's compulsory