Tuesday, March 15, 2022

No New Permits; Eight Permits Renewed; Two DUCs Reported As Completed -- March 15, 2022

Oil: if indeed, oil inventories remain robust, how remarkable is the US shale sector? Pretty remarkable considering relatively low number of rigs; minimal drilling; lack of frack spread; decreasing DUCs. 

Active rigs:

$96.44
3/15/202203/15/202103/15/202003/15/201903/15/2018
Active Rigs33
15556557

No new permits:

Eight permits renewed:

  • Enerplus (4): the following permits were renewed, all in Dunn County: Gneiss, Marble, Quartzite, and Phyllite.
  • Petro Harvester (2): two RNL 1 permits in Burke County, Lignite oil field.
  • Hess: one SC-Bingemam permit in Williams County.
  • Sinclair: one Porcupine permit, in Dunn County.

Two producing wells (DUCs) reported as completed:

  • 22653, 3,336, WPX, Charles Blackhawk 31-30HZ, Heart Butte, first production, 9/21; t--; cum 129K 1/22; see production below;
  • 38048, 277, Slawson, Muskrat Federal 4-28-33TFH, Big Bend, minimal production;

22653:

PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN1-20223119052192713980010977109770
BAKKEN12-20213121633214514401413398133980
BAKKEN11-20213021624216874395013541133900
BAKKEN10-20213126484263284193216512165120
BAKKEN9-20213039978399784228714153141530

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