No New Permits; Ten Permits Renewed; Four DUCs Reported As Completed -- March 14, 2022

CVX: getting very, very active in Venezuela's oil patch. Reuters. 

Memo to self: look up Venezuela's history or production. Imagine being the US company in charge of the world's largest oil reserves. Hunter Biden will be VP of Venezuela operations if everything goes as planned. I think there was some other news today, but everything pales in comparison to this. 

Biggest loser with this announcement: Putin.

Venezuela: oil production, history:

Tesla: oh, that's right. One other bit of news. TSLA slumps; trades below $800.

US shale: huge jump in production in April, 2022, anticipated -- EIA. Link to Julianne Geiger. 

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Back to the Bakken

Active rigs

$102.50	3/14/2022	03/14/2021	03/14/2020	03/14/2019	03/14/2018
Active Rigs	32	14	55	64	58

No new permits.

Ten permits renewed:

• CLR (7): seven Plano FIU / Plano permits in Williams County.
• XTO: two Frisinger permits in Williams County
• Prima Exploration: one State permit in Divide County.

Four producing wells (DUCs) reported as completed:

• 35454, 1,459, QEP, MHA 5-27-26H-150-92, Van Hook, first production, 4/21; t--; cum 178K 1/22;
• 35451, 2,651, QEP, MHA 4-29-30H-150-92, Van Hook, first production, 5/21; t--; cum 284K 1/22;
• 38085, 1,996, MRO, Delores USA 21-4TFH, Bailey, no production data,
• 38357, 1,249, CLR, Dolezal FIU 8-1H1, Chimney Butte, no production,