Market:
- waiting for Chevron and Warren Buffett to go forward with a SPAC;
- happy to see Elizabeth Warren going forward with tax on super-wealthy; maybe divert that ill-earned wealth toward reparations; better them than me;
- with President's announcement today, could be an interesting day in the market tomorrow;
- announcement: all Americans should have access to vaccine by end of May, two months earlier than what his predecessor promised;
- how was this possible: US will not share vaccine with Mexico; if those south of the border want vaccine, they can come up here to get it;
Timeline:
- February 15, 2021: the unfavorable event in Texas
- February 22, 2021: WTI trending toward $63
- February 27, 2021: endless stories of WTI trending toward $75 by end of year
- March 2, 2021: WTI drops back below $60
Gasoline: headline -- one out of seven north Texas service stations without gasoline
- haven't noticed a thing here in DFW area
- Hurricane Harvey? huge shortage that lasted for weeks
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Back to the Bakken
Active rigs:
| $59.63 | 3/2/2021 | 03/02/2020 | 03/02/2019 | 03/02/2018 | 03/02/2017 |
|---|---|---|---|---|---|
| Active Rigs | 14 | 53 | 67 | 59 | 41 |
Four new permits, #38181 - #38184, inclusive:
- Operators: RimRock, Petro-Hunt
- Fields: Moccasin Creek (Dunn), Little Knife (Billings)
- Comments:
- RimRock has permits for three Moccasin Creek wells in SESW 11-147-93;
- 38182, 971 FSL 1639 FWL
- 38183, 5TFH, 1000 FSL 1644 FWL
- 38184, 1030 FSL 1650 FWL
- Petro-Hunt has a permit for a Hurinenko well in lot 1, section 3-144-98; 337 FNL 1014 FEL
Three producing wells (DUCs) reported as completed:
- 36314, drl/A, BR, State Dodge 1C TFH, Dimmick Lake,
- 34293, loc/A, BR, State Double Dodge 1A TFW-ULW, Dimmick Lake,
- 37019, SI/A, Slawson, Triton Federal 8-34-35TFH, Big Bend, first production, t--; cum --;
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