Murex With Two New Permits -- January 31, 2022

A reader reminded me the "914s" have been released.

This is from my "links" page:

• EIA: the "914s"; the monthlies; the most accurate production data - US Field Production of Crude Oil; 
• EIA: Crude oil production, monthly, EIA-914; end-of-month release of the EIA-914

ISO NE: dinner time; link here.

• demand: moderate at 17312 MW; priced at $270 / MW
• price: 8th decile; highest decile it will ever be
• New England has run out of coal;
• oil is providing 20% of electricity;
• hydro at only 7%; expensive; goal to keep it down
• but look at this, renewables providing only 5% and of that, wind only 21%; you can do the math (1% of all electricity is coming from renewable energy; in other words, way below even weak expectations);
• absolutely fascinating
• later, one hour later -- it just got a lot worse -- pricing now spiked to $300+/MH
• what happened? 
• demand jump from 17312 to 18407, a non-trivial jump
  
• hydro (very expensive) jumped from 7% (see above) to 10%) -- obviously the grid operators are doing what they can to prevent black outs;
• in addition, more oil being used, though no change in percentage contribution (20%)
  

The Concord Monitor: regularly reports on high cost of electricity / energy in New England; for example this article;

WTI: even at it's already high price, WTI surged 1.75%; up $1.50; trading solidly above $88.

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Back to the Bakken

Active rigs:

$88.34	1/31/2022	01/31/2021	01/31/2020	01/31/2019	01/31/2018
Active Rigs	32	13	54	65	59

Two new permits, #38765 - #38766, inclusive:

• Operator: Murex
• Field: Midway (Mountrail County)
• Comments: 
• Murex has permits for a KC-Dustin David well, and a KC-Nash Parker well, both to be sited on SWSW 9-157-95; 
• they will be sited 301 FSl and between 766 FWL 796 FWL; again, as we're seeing elsewhere, the wellheads thirty feet apart

Active rigs: 33 but one is a SWD rig; did not check closely to see if any rigs listed twice;