A reader asked: your post on drilling rigs today made we wonder, what happened to XTO?
My reply, not-ready-for-prime-time, right, wrong, or indifferent:
Great question.
1. If you can't get past the paywall on this article let me know, and I will send you the key points of the article some other way:
I
think that article explains everything if one reads between the lines.
Bottom line: Lynn Helms is working with XTO to get them to bring in two
rigs.
2. The good news: as recently as yesterday, XTO renewed four permits which tells me XTO is NOT leaving the Bakken:
Seven permits renewed (https://themilliondollarway.blogspot.com/2021/04/clr-reports-another-nice-duc-active.html):
- XTO (4): four Don permits all in McKenzie County
- Rimrock (2): a Bloodaxe permit and an Ironsdie permit, both in Dunn County
- Petro Harvester Operating Co: an LIG2 permit in Burke County;
