Coal Is Back! Three DUCs Reported As Completed; Two New Permits -- October 12, 2021

Early ski season? Deadwood, SD, looking at upwards of 24 inches of snow. Link here.

Coal is dead! Long live coal: The UK has now called up its fossil fuel fleet of power stations to keep the lights on, including coal-fired plants and even gas peakers (open cycle). Wind is struggling. Link here. 

Coal is dead! Long live coal! Spot prices for electricity have tripled. The shortage of coal, which makes up around 70% of India's electricity mix, is forcing generator and some industrial users to buy electricity at the power exchange spot prices. Link here.

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Back to the Bakken

Active rigs, oil and gaa:

$80.64	10/12/2021	10/12/2020	10/12/2019	10/12/2018	10/12/2017
Active Rigs	29	13	58	67	59

Two new permits, #38611 - #38612, inclusive:

• Operator: Grayson Mill Operating
• Field: Banks (McKenzie)
• Comments:
• Grayson Mill (Equinor assets) has permits for two Jay wells in NENE 25-153-98, 
• to be sited 330 FNL and 588 FEL and 330' FNL and 616 FEL

Three permits renewed:

• Crescent Point Energy: two Austin permits and one Narcisse permit, all in Williams County;

Six permits canceled:

• QEP: five Moberg permits in McKenzie County, and one MHA permit in Mountrial County;

Three producing wells (DUCs) reported as completed:

• 37745, 3,340, MRO, Dancing Bull USA 32-14TFH, Moccasin Creek, first production, 4/21; t--; cum 129K after four months;
  
• 37746, 4,920, MRO, Pauline USA 32-14H, Moccasin Creek, first production, 4/21; t--; cum 178K after four months;
  
• 37033, 801, Whiting, KR State 13-16-2HU, Sanish, first production, 8/21; t--; cum 6K after 16 days;