Tuesday, March 2, 2021

Four New Permits; Number Of Active Rigs Drops To 14 -- March 2, 2021

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:

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

**********************************
Back to the Bakken

Active rigs:

$59.63
3/2/202103/02/202003/02/201903/02/201803/02/2017
Active Rigs1453675941

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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