Slawson With Three New Permits; WTI Closes At $72 -- September 22, 2021

ISO NE: spiked to $96 / MWh today. Link here. It's autumn: neither heating nor a/c should be much of an issue. It looks like "they" imported expensive hydro-electricity from Canada to make up the shortfall.

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

Active rigs: NDIC is no long posting the number of active rigs in North Dakota. This is my best estimate:

$71.99	9/22/2021	09/22/2020	09/22/2019	09/22/2018	09/22/2017
Active Rigs	26	11	58	66	58

Four new permits, #38575 - #38578, inclusive:

• Operators: Slawson (3); True Oil, LLC
• Fields: Big Bend (Mountrail); Red Wing Creek (McKenzie)
• Comments:
• True Oil has a permit for a Red Wing Creek well, it will be sited in SWNE 27-148-101, 1447 FNL and 2378 FEL
• Slawson has permits for three wells: a Howitzer, a Lightning Federal, and a Rainmaker Federal; all three, despite their name differences, will be sited in SWSE 24-152-93; they will be sited 325 FSL and between 426 FWL and 326 FWL;

Red Wing Creek:

• in section 27-148-101: approximately twelve vertical wells; these are Madison wells;
• #38575 will be located near:
• 13590, IA/239, True Oil, Red Wing Creek Unit 32-27, t8/94; cum 275K 6/21; off line 7/21;
• 5260, 396, True Oil, Red Wing Creek Unit 33-27, t2/74; cum 3.533689 million bbls 7/21; forty-seven years old;
  
• 5323, 917, True Oil, Red Wing Creek Unit 42-27, t11/73; cum 3.316674 million bbls 7/21; forty-eight years old;
  
• 15417, 94, True Oil, Red Wing Creek Unit 43-27, t8/03; cum 245K 7/21;