Monday, August 23, 2021

Oasis WIth Five New Permits; Enerplus Renews Seven Permits; EOG Cancels Two More Hawkeye Permits -- August 23, 2021

YOLO, FOMO, now, add this one: DTGI.

  • Jim Cramer's take on today's market action: today's market move -- buying by those determined to get in.

NASDAQ: closes at record high.

CNBC: today's market -- different quotes / comments form various talking heads on Fast Money

  • PFE gets full approval; opens door for broad mandates
  • schools and Pentagon announce mandates
  • Jackson Hole: going virtual
  • the market does not stay down
    • two "down" days followed by an "up" day
    • dips are getting shallower and shallower
  • oil: not as good as it should have been; seems to have been a "technical" thing ("short covering")
  • more about "central bank" action
    • Fed governors take a step back; might be getting a bit nervous; virtual Jackson Hole
    • PMI sufficiently weak enough to perhaps not get a "hawkish" statement at Jackson Hole
    • it's all about the Fed
    • a lot of industrials oversold, but it's all about the Fed
  • Jackson Hole possibly not as important this time
  • inflation? gonna be a problem
    • surprised that rates didn't go higher today
    • ten-year treasury: technically, the yield went down but ever so slightly
    • none of the talking heads had much to say about "transitory" inflation; one talking head: stagflation;

Cryptocurrency: headline story in WSJ. Closer and closer to a tipping point. 

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Back to the Bakken

Active rigs:

$65.64
8/23/202108/23/202008/23/201908/23/201808/23/2017
Active Rigs2412646253

Five new permits, #38504 - #38508, inclusive:

  • Operator: Oasis
  • Field: Dimmick Lake (McKenzie County)
  • Comments:
    • Oasis has permits for five Ramirez permits in SWSE 32-151-96;
    • the wells will be sited between 423 FSL and 425 FWL and 1,699 FEL and 1,567 FEL

Seven permits renewed:

  • Enerplus: six permits in section 23-152-94: Joey, Joey, Boom, Koala, Possum, Quoll, and Potoroo, al in McKenzie County

Two permits canceled:

  • EOG: two more Hawkeye permits in McKenzie County canceled

Note: another FIU well -- Cuskelly FIU

Change of operator: three more wells added to the list Grayson Mill acquired from Equinor

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