Ovintiv With Five New Kramer Permits In Siverston Oil Field -- April 6, 2021

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Stocks to watch: special shareholders' meeting tomorrow for AMD and XLNX shareholders, AMD to acquire XLNX:

• AMD: up slightly today; closed at $81.44;
• XLNX: down 33 cents today; closed at $130.40;
• a pretty much given: after tomorrow, XLNX shareholders will become AMD shareholders;

Market closed mixed today; not much change after hitting all-time records yesterday:

• BRK-B: up slightly; closed at $263, coming close to its 52-week high, $268;
• UNP: down 1%; closed at $221; near its 52-week high, $225;
• SRE: green, whoo-hoo; up slightly; closed at $134; near its 52-week high, $137
• MNRL: up a whopping 6%; closed at $15.69;
• YUM: up over 3%; hits 52-week high; closed at $114;
  
• YUMC: up over 1%; closed at $60; near its 52-week high;
  

Texas economy, link here:

• Max Midstream to start Texas crude export in May, 2021
• first crude exports to Europe in first week of May;
• focused on shipping Eagle Ford grades for now;
• next expansion, Permian connections slated for April, 2022;
• terminal at the Port of Calhoun:
• goal: establish an export hub: between Houston and Corpus Christi, and the Port of Calhoun
• Max will focus on Europe; most large Texas exporters focused on Asia
• much more at the link;

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Back to the Bakken

Active rigs:

$59.33	4/6/2021	04/06/2020	04/06/2019	04/06/2018	04/06/2017
Active Rigs	13	40	62	57	49

Five new permits, #38239 - #38243, inclusive:

• Operator: Ovintiv
• Field: Siverston (McKenzie)
• Comments:
• Ovintiv has permits for five Kramer wells in Siverston oil field;
• will be sited in NWNE 18-150-97;
  
• wells will be sited between 440' and 360' FNL and 2201' FEL;

Six permits renewed:

• Petro-Hunt (3): three State permits in Burke County;
• Sinclair (3): three Porcupine permits in Dunn County;

Three permits canceled:

• EOG: three Austin permits in Mountrail County;