Ovintiv With Two New Permits; Active Rigs Jump To 17 Today -- March 16, 2021

Active rigs (see this post for list of operators):

$64.93	3/16/2021	03/16/2020	03/16/2019	03/16/2018	03/16/2017
Active Rigs	17	57	65	58	47

Two new permits, #38209 - #38210, inclusive:

• Operator: Ovintiv
• Field: Westberg (McKenzie)
• Comments: Ovintiv has permits for two Rolla wells in lot 4 section 1-152-97; between 425' and 445' FNL and 462' FWL;

One more EOG permit cancellation to add to the long list yesterday:

• 34335: an Austin permit in Mountrail County

Eleven permits renewed:

• BR (7): four Saddle Butte permits and three Curtis permits, all in McKenzie County;
• Hess (4): four Hamilton permits in Dunn County;

One production well completed:

• 37204, drl/A, BR, Superbad 1A-MBH-ULW, Hawkeye, first production, t--; cum --;

With all the EOG permit cancellations, a reader asked if EOG had quit drilling in the Bakken. My reply:

It appears that EOG has quit drilling in the Bakken, at least for 2021.

EOG's 4Q20 corporate presentation, slide 44: EOG has plans for ZERO rigs and ZERO frack spreads in the Bakken.

https://s24.q4cdn.com/589393778/files/doc_financials/2020/q4/EOG_0221_presentation.pdf

On that slide they state they have 255 undrilled "PREMIUM" locations in the Bakken.

I haven't followed EOG very much. The few notes, when I did follow EOG, are here.