Thursday, December 9, 2021

Twenty-Seven Permits Renewed; Five DUCs Reported As Completed; Three New Permits -- December 9, 2021

Disclaimer: in a long post like this, there will be content and typographical errors. That is true of every post on this blog. If any information reported is important to you, go to the source.

Disclaimer: this is not an investment site. I follow the market to put the Bakken in perspective and to better follow the fossil fuel vs renewable energy discussion.

I guess this might be one of the bigger investing stories today. I posted this earlier, not paying attention to the market:

December 9, 2021: Ford caps F-150 Lightning orders to 200,000. 

  • F-150 Lightning "pre-production" trucks already "produced," but consumer-bound truck deliveries "scheduled" for spring, 2022. 
  • Tesla has been forced to delay its first Cybertruck delivery to 2022. 
  • Rivian recently delayed the production of its R1T electric pickup truck from July to September (2021).
  • Lordstown is also having issues bringing its electric pickup to market. GM is expected to deliver the Hummer EV in the US by the end of the year (2021).

Now, at the close, surfing through the networks to get to Corner Gas I saw the crawler for the market today ... Lucid caught my attention, so I checked the EV stocks:

  • Lucid: crashed; down almost 20%;
  • Rivian: down over 6%
  • Fisker (FSR): down 5%
  • Nikola: down 4%
  • Tesla: down 6%
  • most interesting: F, capping reservations for its "hot" F-150 Lightning at 200,000;
    • this would be like Apple setting caps on how many iPhones it would sell
  • but Lucid is a special case, headline:
    • sell-offs of convertible senior notes; and,
      • an SEC subpoena over its SPAC deal
      • can you spell Theranos?

******************************
Back to the Bakken

Active rigs:

$70.94
12/9/202112/09/202012/09/201912/09/201812/09/2017
Active Rigs2915566453

Three new permits, #38694 - #38696, inclusive:

  • Operator: Lime Rock Resources III-A
  • Field: Stanley (Mountrail County)
  • Comments: 
    • Lime Rock has permits for two Behr wells and one Harstad well, all in SWSW 9-155-91; 
      • the Behr wells will be sited between 470 FSL and 550 FSL and 325 FWL; 
      • meanwhile, the Harstad middle Bakken well will be sited right "on top' of one of the Behr wells, the Three Forks Behr well, at 550 FSL and 325 FWL

An incredible twenty-seven permits renewed:

  • CLR (20):
    • two Elveida permits in Divide County
    • three Bliss permits in Divide County
    • one Miles permit in McKenzie County
    • one Clear Creek Federal permit in McKenzie County
    • twelve Brangus FIU permits in McKenzie County
    • one Charolais South Federal permit in McKenzie County
  • Hess (5): 
    • five SC-JW Hamilton permits in Williams County
  • NP Resources (2)
    • two Audrey permits in Golden Valley;

Six producing wells (DUCs) reported as completed:

  • 38252, 1,619, CLR, Kukla
  • 37425, 2,250, Slawson, Orca Federal
  • 32461, 1,361, Sinclair, Crosby Creek
  • 33425, 1,532, Sinclair, Crosby Creek
  • 33424, 507, Sinclair, Crosby Creek
  • 37414, 1,503, Redfield Central
Posted by at