Wednesday, July 13, 2022

CLR With Three New Permits; Enerplus Cancels Four Permits; BR Reports Another Completed DUC -- July 13, 2022

WTI; $96.30.

  • having come up a bit off its low for the day, this suggests:
  • recession worries were the initial reason for the price of oil dropping;
  • now, the price of WTI is probably as much about the strength of the dollar as anything else
  • it will be interesting to see how traders "see" Biden's trip to the mideast

Natural gas: $6.689

NDIC GIS map server: remains in-op.

Active rigs: 45 or thereabouts. NDIC repoorts 46 active rigs; at least one is SWD.

Three new permits, #39083 - #39085, inclusive:

  • Operator: CLR
  • Field: West Capa (Williams)
  • Comments:
    • CLR has permits for three Woodrow permits in SESW 32-155-96, 
      • to be sited 365 FSL and between 1935 FWL and 2025 FWL

Four permits cancceled:

  • Enerplus: four WM Brown permits, Williams County

One producing well (a DUC) reported as completed:

  • BR, 0 (no typo; not unusual for BR), Outlaw Gap 34-23TFH,

Six dry holes reported:

  • information pending
    • obviously not "dry" in the sense that there is no oil there;
    • we've discussed similar situations before
    • scout tickets / file reports do not yet reflect this information;
  • Oasis:
    • 34133, dry, Borden Federal ...
    • 34132, dry, Borden Federal ...
    • 31654, dry, O M Erickson ...
    • 35613, dry, A Johnson ....
  • CLR:
    • 37446, dry, Irgens Rexall ...
    • 37292, dry, Irgens Rexall ...

2 comments:

  1. where did you discuss this dry status?

    ReplyDelete
    Replies
    1. With regard to these six wells, I have not discussed their "dry" status, yet. The file reports have not been scanned into the NDIC website.

      I have discussed "dry" holes in the Bakken over the years -- a "dry hole" search of this website will bring up some of those discussions.

      Before getting too excited about this, I would wait to make sure this is not an error in the daily activity report.

      Delete

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