NDIC Reporting That Enerplus Has Renewed Four Hess Permits -- Link To Earlier Deal Provided; No New Permits; Five DUCs Reported As Completed -- December 10, 2021

Days supply, US crude oil, link here:

• first week of December: has dropped to 27.7 days
• previous week: 27.9 days
• before that: 28.3 days

Enbridge dividend: Michael Fitzsimmons overs at SeekingAlpha.

• Somewhat unfortunately, I became an Enbridge shareholder when the company bought natural gas pipeline specialist Spectra Energy.
• I say unfortunately because while dividend growth has been good (until this year.), capital appreciation has been - like many energy companies - pretty much non-existent.
• The stock has been very weak after this week's 3% dividend increase. It should be - the payout ratio is too low.
• The good news for shareholders is that the current cap-ex plan for FY2022 is much more pragmatic. No more "pushing on a string" on big pipeline projects that get delayed for years in court. 

If the writer is unhappy with Enbridge, he should check out Apple (AAPL). 

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Back to the Bakken

Active rigs:

$71.67	12/10/2021	12/10/2020	12/10/2019	12/10/2018	12/10/2017
Active Rigs	31	15	54	64	53

No new permits.

Four permits renewed:

• See this link: https://themilliondollarway.blogspot.com/2021/04/40000-acre-permian-vs-4000-acre-bakken.html
• Enerplus: four LK-Quilliam permits in Dunn County. These permits were originally Hess permits; Enerplus has renewed these four "previous-Hess" permits.
• the wells will be sited in SESW 11-147-97; 

Five producing wells (DUCs) completed:

• 37654, 3,145, MRO, Albert USA 31-5TFH,
• 36219, 1,595, Grayson Mill, Jake 2-11F 8H, Last Chance, no production data,
  
• 37415, 1,317, Kraken, Redfield Central LW 24-13 1H,Lone Tree Lake, no production data,
  
• 37887, 159, Crescent Point Energy, CPEUSC Burgess 2-14-23-158N-100W-MBH, Winner, no production data,
  
• 37884, 123, Crescent Point Energy, CPEUSC Burgess 3-14-23-158N-100W-MBH,Winner, no production data,
  

Definitive rig report: some notable observations --

• 31 active rigs being reported by the NDIC
• T&S Drilling 2 is new: Ballard Petroleum, Smalls 31-8, Bottineau;
• CLR with ten active rigs

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Four Hess Permits Renewed By Enerplus

Scout ticket: one of four LK-Quilliam permits originally issued to Hess:

In the Friday, December 10, 2021, NDIC daily activity report: these "former Hess" permits were renewed by Enerplus: