Ovintiv With Three New Permits; Three DUCs Reported As Completed; MRO With Another Monster Well -- Oil Settles Below $87 -- January 27, 2022

Tesla: in free fall. Fell over $100 today; now trading around $835. The meme, right or wrong, Tesla more interested in "the robot" than in actually rolling off new models.

Investors: all (?) oil stocks had a huge day. 

US admits finding non-Russian natural gas for Europe is a challenge: link to Tsvetana Paraskova. 

Active rigs:

$86.61	1/27/2022	01/27/2021	01/27/2020	01/27/2019	01/27/2018
Active Rigs	31	12	55	65	57

Three new permits, #38759 - #38761, inclusive:

• Operator: Ovintiv (Newfield)
• Field: Westberg (McKenzie)
• Comments:
• Ovintiv has permits for three more Clear Creek Federal wells in Westberg; to be sited in SESE 36-152-97; sited 804 FSL and between  807 FEL and 767 FEL;

Three producing wells completed:

• 37741, 2,368, MRO, Leon USA 33-14TFH, Moccasin Creek, first production, 10/21; t--; cum 51K 11/21;
  
• 37742, 3,567, MRO, Marion USA 33-14H,Moccasin Creek, first production, 10/21, t--; cum 114K 11/21;
  
• 35768, 3,053, Whiting, Tarpon Federal 44-19-5H, Sand Creek, first production, 10/21; t--; cum 52K 11/21;
  

Initial production:

• 37741:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	28825	28795	57609	24608	22684	209
BAKKEN	10-2021	18	22225	22074	32814	15442	14056	0

• 37742:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	30	51131	51237	52347	30213	27070	171
BAKKEN	10-2021	30	62928	62501	76349	40277	36487	0
BAKKEN	9-2021	3	0	0	170	0	0	0

• 35768: 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2021	22	31140	31415	20287	78875	77464	1411
BAKKEN	10-2021	9	20610	20067	8691	52178	50794	1384