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	8/23/2021	08/23/2020	08/23/2019	08/23/2018	08/23/2017
Active Rigs	24	12	64	62	53

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