CLR With Two New Permits -- A Whitman FIU (Oakdale) And Bang (Cedar Coulee) -- October 13, 2021

ISO NE: link here.

• beautiful, balmy day in early autumn
• electricity spikes to $110 / MWh
• currently, mid-afternoon, $70 / MWh
• could be, should be <$15 / MWH

ISO NE, later, late afternoon -- but before the dinner hour -- electricity spikes to $80 / MWh;

• natural gas: meeting 77% of demand;
• nuclear: meeting 10% of demand;
• renewable energy meeting only 5% of demand;
• expensive Canadian hydroelectricity is now covering demand; meeting 8% of demand;

Buy now, pay later: for those who have forgotten --

Afterpay is best known for its "pay later" service that allows in-store and online customers to purchase a product immediately and pay for it later with four equal repayments. The repayments are interest-free, but if they are not paid every two weeks as required, late fees are accrued.

Firestone has provided this service for years (decades?). Firestone "credit card" new expenses are interest free for six months but start accruing interest responsibilities after that. But doing this across the board, like Afterpay, is pretty clever. 

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Back to the Bakken

Active rigs:

$80.46	10/13/2021	10/13/2020	10/13/2019	10/13/2018	10/13/2017
Active Rigs	29	14	58	67	59

Four new permits, #38613 -- #38616, inclusive:

• Operators: CLR (2); Hunt (2);
• Fields: Oakdale (Dunn); Cedar Coulee (Dunn); Werner (Dunn)
• Comments:
• Hunt has permits for two Halliday wells in NWNW 25-146-92, Werner oil field; the wells will be sited at 275 FNL and 690 FWL; and, 275 FNL and 720 FWL;
• the Hunt Halliday wells are tracked here;
  
• CLR has permits for a new Whitman FIU well and a Bang well; the Whitman FIU well will be sited in NWNW 34-147-96, Oakdale oil field, 543 FNL and 391 FWL; the Bang well will be sited in SESE 4-146-96, Cedar Coulee, 551 FSL and 472 FEL
• the CLR Bang wells are tracked here; 
• the CLR Whitman wells are tracked here;
  

One permit canceled:

• 29794, Halliday 146-93-25-36H-3, Dunn County;

One producing well (a DUC) was reported as completed today:

• 37031, 464, Whiting, KR STate 13-16TFHU, Mountrail County