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:

• 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 --;