No New Permits; Eighteen Permits Renewed; MRO Reports Eight DUCs Completed; Huge Halo Effect Reported -- February 14, 2022

ISO NE: holy mackerel, less than an hour ago, ISO NE was in relatively good shape. Demand/supply was fine and pricing was only at the 6th decile, $125 / MW. Now, at the peak of the evening commute, and folks starting to cook dinner, things have come off the rails. Link here.
Demand is now over 18,000 MW

• pricing is at the 8th decile, the highest it can possibly get; and trending toward $400 / MW
• what happened? Since wind energy is not dispatchable, it couldn't keep up and ISO NE had to rush in with very, very expensive hydroelectricity
• hydroelectricity: 13%
• oil: 9%
• coal: 2%
• renewable energy: 9% -- tied with oil

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Back to the Bakken

Active rigs:

$95.00	2/14/2022	02/14/2021	02/14/2020	02/14/2019	02/14/2018
Active Rigs	32	15	56	65	57

No new permits.

Eighteen permits renewed:

• CLR (11): four LCU Foster FIU and six LCU Foster Federal permits, all in Williams County; one Lundberg Federal permit in Dunn County
• Petro Harvester Operating (6): four LFM2 and two LFM1 permits in Burke County;
• Liberty Resources: an Ester permit in Mountrail County

Eight producing wells (DUCs) reported as completed (I haven't looked yet, but I bet there are going to be some great wells reported; let's see, holy mackerel, they are all MRO wells):

• 37733, 6,048, MRO, Kaye USA
• 37770, 3,664, MRO, Mabel USA
• 37771, 5,574, MRO, Plenty Horns USA
• 37772, 3,461, MRO, Little Owl USA
• 37673, 2,587, MRO, Herman USA,
• 37674, 4,933, MRO, Hartson USA
• 37675, 3,359, MRO, Etherington USA,
• 37677, 1,204, MRO, Ortman USA,

Although I'm way behind and this needs to be updated, the MRO Little Owl pad is tracked here. Maybe some day I will get around to updating it. 

Other wells of interest:

• 19838, IA/1,069, MRO, Debbie Baklenko USA 12-26H, t6/11; cum 308K 3/21;
• 18880, 129, MRO, Everett Fisher USA 41-6H, Reunion Bay, t7/10; cum 527K 12/21; huge jump in production; see full production profile here.
  
• 21450, IA/1,600, MRO, Jessica USA 21-6TFH, Reunion Bay,  t3/12; cum 372K 3/21;
• 21243, IA/1,787, MRO, Everett Fisher USA 31-6H, Reunion Bay, t2/12; cum 477K 3/21;
• 27152, 2,253, MRO, Cloon 14-32H, Reunion Bay, four-section spacing, t8/14; cum 375K 3/21;
  

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Recent Production: #18880

The well:

• 18880, 129, MRO, Everett Fisher USA 41-6H, Reunion Bay, t7/10; cum 527K 12/21; huge jump in production; see full production profile here. Hubbert's theory says this is not supposed to happen. Experts said this would not happen.
  

Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2021	22	11379	11483	5687	21346	20876	0
BAKKEN	11-2021	30	24253	24280	13903	37945	37061	0
BAKKEN	10-2021	31	33008	32976	20218	39638	38535	0
BAKKEN	9-2021	30	25500	25647	24378	28366	27396	172
BAKKEN	8-2021	29	36363	35998	99154	51854	48761	971
BAKKEN	7-2021	0	0	0	0	0	0	0
BAKKEN	6-2021	0	0	0	0	0	0	0
BAKKEN	5-2021	0	0	0	0	0	0	0
BAKKEN	4-2021	0	0	0	0	0	0	0
BAKKEN	3-2021	23	1070	1422	319	1596	1178	223
BAKKEN	2-2021	28	1431	1345	337	2158	1624	286
BAKKEN	1-2021	29	1438	1470	323	2185	1262	673