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	3/15/2022	03/15/2021	03/15/2020	03/15/2019	03/15/2018
Active Rigs	33	15	55	65	57

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:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	1-2022	31	19052	19271	39800	10977	10977	0
BAKKEN	12-2021	31	21633	21451	44014	13398	13398	0
BAKKEN	11-2021	30	21624	21687	43950	13541	13390	0
BAKKEN	10-2021	31	26484	26328	41932	16512	16512	0
BAKKEN	9-2021	30	39978	39978	42287	14153	14153	0