One New Permit; One DUC Completed; Five Permits Renewed -- October 28, 2021

Southern surge: separated families will get up to $500,000 in reparations. What a great country. 

Covid-19: holy mackerel. It's only a two-day snapshot, but it appears number of vaccines given per day is surging by almost 50%. Of course, a lot of these will be boosters, and a lot more to those who prefer not to lose their jobs over mandates. 

ISO NE: $85, with spikes throughout the day. Link here. For the most recent quarter:
lower natural gas volumes

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Back to the Bakken

Hess: link here. Most recent quarter --

• adjusted net income: 486 million vs a loss of $216 million a year earlier
• CAPEX: $498 million vs $331 million a year earlier (that's interesting: spent a whole lot more but less drilling, and less production)
• 148,000 boepd vs 198,000 boepd prior-year quarter
• primarily due to lower drilling activity; reduction in rigs, and maintenance

Active rigs:

$82.81	10/28/2021	10/28/2020	10/28/2019	10/28/2018	10/28/2017
Active Rigs	29	15	59	67	53

One new permit, #38630:

• Operator: Eagle Operating, Inc
• Field: Foreman Butte (McKenzie)
• Comments:
• Eagle Operating has a permit for a Willy Miranda-State well, to be located in Foremen Butte oil field; sited in NWNW 16-150-102, 705 FNL and 505 FWL.

Five permits renewed:

• Liberty Resources (4): four Albertson E permits in Mountrail County;
• BR: an Abercrombie permit in McKenzie County
  

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

• 37801, 2,530, MRO, Brusseau USA 11-3TFH, Reunion Bay, first production, 4/21; t--; cum 130K 8/21;