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	8/24/2021	08/24/2020	08/24/2019	08/24/2018	08/24/2017
Active Rigs	22*	11	64	62	54

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;