More PNC Permits "Resurrected" -- February 7, 2022

I mentioned this over the weekend. Here's another example. Three of the four wells below at one time were PNC. Possibly all four; I might have missed the fourth one since I don't check them every day. Be that as it may, two of the four previously PNC wells are now actively producing. 

Years ago I opined it was strange that after all the time and money invested in obtaining a permit, operators would cancel them. I always wondered if they could be "resurrected." Obviously, they can. 

This is important because a lot of wells went PNC when prices crashed a few years ago. The vast majority of those wells, perhaps all of them, were in Tier 1 locations.

The wells:

• 36583, loc/PNC, CLR, Pasadena Federal 10-11H1,
  
• 36582, drl/drl--> conf, CLR, Pasadena Federal 13-11H, Banks, noted 7/21; nice production, first production, 9/21; t--; cum 90K 12/21;
  
• 36581, PNC/drl (ros)--> conf, CLR, Pasadena Federal 13-11H1, Banks, noted 7/21; nice production, first production, 9/21; t--; cum 70K 12/21;
  
• 36580, PNC/drl--> conf, CLR, Pasadena Federal 13-11HSL, Banks, noted 7/21; very nice production; first production, 9/21; t--; cum 120K 12/21;
  

The CLR Pasadena wells are tracked here.