Wednesday, December 22, 2021

Ovintiv With Nine New Permits On A Single Pad; Seven DUCs Reported As Completed, Four Permits Renewed; Three Permits Canceled; And, A Partridge In A Pear Tree -- December 22, 2021

We haven't done this in awhile. In anticipation of the Santa Claus rally which officially begins next week.

First group "financial / economic" indicators:

Second group "financial / economic" indicators:

Dear Park Refinery, Houston: Shell sells its 50% stake; owned entirely by Pemex; all refined products will no go directly to Mexico. Link to Argus.

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Back to the Bakken

Active rigs:

$72.76
12/22/202112/22/202012/22/201912/22/201812/22/2017
Active Rigs3214546953

Nine new permits, #38715 - #38723, inclusive:

  • Operator: Ovintiv Production, Inc
  • Field: Pembroke (McKenzie)
  • Comments:
    • Ovintiv has permits for nine Calhoun wells, to be sited in SESW 34-150-98; 
      • the wells will be sited 870 FSL and 1694 FWL and 2084 FWL;
      • see graphic below

Four permits renewed:

  • BR: two Chuckwagon permits and two Renegade permits, all in McKenzie County

Three permits canceled:

  • Petro Harvester: one Miller permit and two Ligi permits, all in Burke County;

Seven producing wells (DUCs) reported as completed:

  • 37306, 2,478, WPX, Crosby Chase
  • 37832, 793, WPX, Dakota 1-36HY,
  • 37521, 4,165, WPX, Dakota 1-36HB,
  • 37308, 2,345, WPX, Crosby Chase
  • 37830, 1,009, WPX, Dakota 1-36HUL,
  • 37230, 2,140, WPX, Patricia Kelly 2-1HS,
  • 37304, 2,040, WPX, Crosby Chase 2-1HIL, 

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The Ovintiv Calhoun Pad



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