Tuesday, March 30, 2021

RimRock With Three New Permts -- March 30, 2021

Amazing: I'm too exhausted to do anything but post the links to these two sites that a reader sent me, noting that regardless of whether Amazon employees union, it will all be moot sooner than later.

 WTI: holding above $60; up a bit despite the API reporting another inventory build;

 Futures, major indices: up a bit.

Back to the Bakken

Active rigs:

Active Rigs1444666049

Three new permits, #38228 - #38230, inclusive:

  • Operator: RimRock Oil & Gas
  • Field: Heart Butte (Dunn)
  • Comments;
    • RimRock has perits for three Two Shields Butte wells in SWSW 22-149-92;
    • the wells will be sited 275' FSL and between 386' and 236' FWL

Six oil and gas permits were renewed:

  • CLR: six Gibb wells in Williams County

The NDIC's daily activity report has a "correction" to daily activity report dated 3/19/2020

In fact that "correction" is also wrong. Permits #36XXX were back in 2019, not 2020.

No Wells Coming Off Confidential List -- Due To Time Constraints, Blogging Will Be Severely Limited This Week -- March 30, 2021

China: first, they gave us a worldwide pandemic caused by a manufactured Wuhan flu; now, that same country shows they have no regard to global warming. Not that I care; I don't. Not about global warming. But it seems everyone else does. Except China. Are they part of the UN? Did they sign the Kyoto Protocol? Oh, that's right. China and India were given a pass -- emerging nations. Meanwhile, Kenya was the ninth signatory. LOL. For the archives. I've long lost my interest in the global warming story but it will be interesting to see where "we're" at twenty years from now. My hunch: things will be about the same the same. See the story at this link for some great data points.

Back to the Bakken

Daily activity report from yesterday, March 29, 2021:

  • no wells came off confidential list today yesterdau. First new well coming off confidential list this week is on Thursday, April 1, 2021.
  • no new permits. 
  • XTO renewed permits for six Bud wells in Williams County, section 20-158-95.


Active rigs:

Active Rigs1444666049

No wells coming off confidential list.

RBN Energy
: Canada's natural gas producers face increasing pressure to merge.

Corporate mergers and asset acquisitions are the normal course of business in almost any industry, but the pace of this kind of activity has recently picked up among Canada’s natural gas producers. Battered by several years of low prices, market share loss, and declining production, the position for many already-struggling gas producers only got worse when COVID hit last year. As you might expect, better placed and stronger gas producers are looking at struggling companies that have attractive assets to see if they might make accretive asset purchases or outright corporate takeovers. Today, we examine some of the most prominent natural-gas-related transactions and the motivations behind them.