Tuesday, June 29, 2021

Kraken With Three More Permits -- June 29, 2021

Weekly US crude oil data, API:

The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 8.153-million barrels for the week ending June 25, 2021.

Analysts had predicted a draw of 4.686 million barrels for the week.

In the previous week, the API reported a draw in oil inventories of 7.199 million barrels after analysts had predicted a draw of 3.942 million barrels. Crude oil inventories have fallen by more than 37 million barrels since the start of 2021, according to API data, but are still up 19 million barrels since January 2020.
Comment: we'll see the EIA data tomorrow.

********************************
Back to the Bakken

Active rigs:

$73.45
6/29/202106/29/202006/29/201906/29/201806/29/2017
Active Rigs2210616759

Three new permits, #38404 - 38406, inclusive:

  • Operator: Kraken
  • Field: Burg (Williams County) (in the far northwest corner of the state of North Dakota)
  • Comments:
    • Kraken has permits for three Sidney wells to be sited in lot 4 section 5-158-99 Burg oil field;
    • the wells will be sited 349 FNL and between 981 FWL and 1047 FWL; the well heads will be thirty-three feet apart;
    • there are some fairly decent wells in this area

Permit renewal:

  • Rimrock: one Two Shields Butte permit in Dunn County.

Four producing wells (DUCs) reported as completed:

  • 36237, drl/A, Slawson, Neptang 3-15-22H, Big Bend, first production, 4/21; t--; cum 21K 4/21;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN4-20212921333203552083413943013800
BAKKEN3-20210000000
BAKKEN2-202128000000
  • 37555, loc/A, CLR, Norway 11-5H, Fancy Buttes, minimal production announced;
  • 36470, drl/A, Slawson, Periscope Federal 8-10-11-12H, Big Bend, no production data, 
  • 36473, drl/A, Slawson, Periscope Federal 9-10-7TFH, Big Bend, no production data,

No comments:

Post a Comment