Active Rig Count To 18; Twelve Operators Drilling In The Bakken; Two New Permits; Note: Active Rig Count Is Greater Than One Year Ago -- May 11, 2021

Really? US equity market's Baghdad Bob. If not purposely lying, the second dumbest person on the planet.

After that, I need a musical interlude:

Energy investors: smiling today? Lost in all the noise today, quick, what did WTI do? I'm absolutely convinced folks who positioned themselves for what happened on the market today are going to do very, very well. I would be curious what Buffett is doing: be greedy when others are fearful; be fearful when others are greedy.

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Note: the number of active rigs in North Dakota today is one greater than it was a year ago.

Active rigs:

$65.39	5/11/2021	05/11/2020	05/11/2019	05/11/2018	05/11/2017
Active Rigs	18	17	66	60	51

Operators:

• CLR (5): Gordon Federal, Rodney, Kukla, Harrisburg, Harms Federal,
• MRO (2): Armstrong, Morgan USA,
• Hess (2): EN-Johnson, GO-Braaten,
• Rimrock: FBIR Guyblackhawk,
• Petro-Hunt: Blikre,
• Whiting: Lacey,
• Slawson: Mauser Federal,
• Enerplus: Marten,
• Iron Oil Operating: Antelope,
• Ovintiv: Olson,
• Oasis: Cliff Federal
• Crescent Point Energy: CPEUSC Sylven,

Two new permits, #38302 - #38303, inclusive --

• Operator: Kraken
• Field: Sanish (Mountrail)
• Comments: Kraken has permits for two new Bigfoot wells:
• 38302, conf, Kraken, Bigfoot 23 7H, Sanish, NENE 26-153-92, 1249 FNL 360 FEL;
• 38303, conf, Kraken, Bigfoot LE 23-11 9H, Sanish, NENE 26-153-92, 1314 FNL 360 FEL;

Dry hole:

• 37227, dry, Whiting, Sorenson 21-6-2H, NENW 6-148-99; McKenzie County; multiple problems drilling the lateral; decision to abandon and plug the wellbore. Whiting plans to drill the third well on this pad and then come back and re-drill this well, Sorenson 21-6-2H.