Tuesday, April 6, 2021

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
4/6/202104/06/202004/06/201904/06/201804/06/2017
Active Rigs1340625749

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;

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