Tuesday, August 24, 2021

Kraken With Four New Permits; EOG Cancels Another Nine Hawkeye Permits; Five DUCs Reported As Completed-- August 24, 2021

WTI: up another 3% today; up $2.00/bbl; trading at $67.63

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Back to the Bakken

Active rigs:

$67.63
8/24/202108/24/202008/24/201908/24/201808/24/2017
Active Rigs22*11646254

Twenty-two active oil and gas rigs according to the daily activity report. 

Four new permits, #38509 - #38512, inclusive:

  • Operator: Kraken
  • Fields: Burg (Williams); Ellisville (Williams)
  • Comments:
    • Kraken has permits for four wells to be sited in NENE 9-158-99: Jenna, Jenna LE, Alamo, and Maddie;
    • the wells will be sited 375 FNL and between 396 FEL and 528 FEL

Seven permits renewed:

  • Zavanna: seven Hunter permits renewed, section 29-150-102;

Eleven permits canceled, EOG cancels another nine Hawkeye permits:

  • EOG (9): nine Hawkeye permits, section 24/25-152-95, McKenzie County
  • CLR (2): a Bismarck permit in Williams County; and a Gjorven Federal permit, also in Williams County;

Five producing wells (DUCs) reported as completed:

  • 37288, 1,573, Kraken, Marcy 24-13 5H,
  • 34378, 1,658, White Butte Oil Operations, Jore Federal 4-12H, Clarks Creek,
  • 34375, 998, White Butte Oil Operations, Jore Federal 3-12H, Clarks Creek,
  • 34377, 887, White Butte Oil Operations, Jore Federal 10-12TFH, Clarks Creek,
  • 34373, 520, White Butte Oil Operations, Jore Federal 11-12TFH, Clarks Creek,

Wells of interest near #37288:

  • 21014, IA/472, Kraken, Marcy 1-24H, Oliver, t12/11; cum 194K 7/20; remains off line 6/21;
  • 22579, 466, Kraken, Marcy 2-24H, Oliver, t8/12; cum 165K 6/21;
  • 22580, IA/240, Kraken, Marcy 3-24H, Oliver, t8/12; cum 150K 9/20; remains off line 6/21;

4 comments:

  1. And that would be the rebound after the crash. Follow the bouncing ball named oil futures

    ReplyDelete
    Replies
    1. The interesting thing, the "crash" never dropped below $60 -- last year we went -$40 at one time ... or something. There are "crashes," and then there ARE CRASHES.

      Delete
  2. Oh believe me, I know the crashes. From comfy to negative is no picnic on the monthly budget.

    ReplyDelete

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