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:

• 10-Year Treasury: link here. Amazing: 1.462% and trending down today.
  
• DXY: link here. Almost no change after weeks: 96.06.
  
• Silver: link  here.  $22.85, trending up a bit today.
  
• CBOE volatility index: link here. Explained at Investopedia. 18.96. Coming down after a couple days of spiking.
  

Second group "financial / economic" indicators:

• 30-Year Treasury: link here. History.1.853% and trending down; trading in a narrow range.
  
• Copper: link here. 4.346.
  

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	12/22/2021	12/22/2020	12/22/2019	12/22/2018	12/22/2017
Active Rigs	32	14	54	69	53

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