Seven New Permits; Five DUCs Reported As Completed -- July 15, 2022

Canoo: US Army selects Canoo's multi-purpose platform for analysis and demonstration.

Uniper: has begun withdrawing winter natural gas with urgent bailout needed. Bloomberg.

Uniper: German utility giant at risk of "insolvency within days." Link here. From wiki:

Uniper SE is an energy company based in Düsseldorf, Germany. 

Uniper was formed by the separation of E.ON's fossil fuel assets into a separate company that began operating on 1 January 2016.

The company employs about 11,000 employees in over 40 countries. Around one third of the employees are based in Germany. 

It owns a subsidiary company in Russia called Unipro. 

Uniper is listed at the Frankfurt Stock Exchange. Its largest shareholder is the Finnish energy company Fortum with a 75.01% stake. 

The company has faced criticism for opening new coal-fueled power plants in Germany as recently as May 2020. 

Uniper was one of the financiers of the Nord Stream 2 project, which the German government suspended after Russia invaded Ukraine in February 2022. 

Uniper announced on 28 April 2022 that it will pay for Russian gas in roubles giving in to Russian demands and helping to undercut EU sanctions on Russia.

Big Oil: poised for "exceptional" earnings based on strong refining margins -- sources.

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Back to the Bakken

WTI: $98.12.

Natural gas: $6.954.

NDIC GIS map: in-op. 

Active rigs: 43 or thereabouts. 

From a reader: the rig that was added in North Dakota was targeting the Bakken shale in the Williston basin, but the Williston basin count remained unchanged because a Williston basin rig was pulled out of Montana at the same time, which isn't show in the report.

https://bakerhughesrigcount.gcs-web.com/static-files/f0a1dad9-ea32-4b0d-b73c-bfc151a18db0.

Seven new permits, #39090 - #39096, inclusive:

• Operators: Kraken (5); CLR (2)
• Fields: Burg (Williams County); Dollar Joe (Williams)
• Comments:
• Kraken has permits for two Lyman wells; one Elias well, one Sidney well, and one Jenna well, SESE 20-159-99;
• to be sited 665 FSL and between 638 FEL and 737 FEL
• CLR has permits for two Colette wells; NENW 18-155-96; 
• to be sited between 384 FNL and 437 FNL and between 2243 FWL and 2316 FWL

Five producing wells (DUCs) reported as complete:

• 38312, 3,489, MRO, Emmet 44-23H, Bailey, first production, 2/22; t--; cum 114K 5/22;
  
• 38313, 3,786, MRO, Mastel 14-24TFH, Bailey, first production, 2/22; t--; cum 5/22;
  
• 38314, 4,814, MRO, Cameron 14-24H, Bailey, first production, 2/22; t--; cum 133K 5/22;
  
• 38571, 753, MRO, Ermina 31-13TFH, Bailey, first production, 3/22; t--; cum 24K 5/22;
  
• 38557, 253, Crescent Point Energy, CPEUSC Pankake 2-6-7-157N-99W-MBH-LL, Dublin, no production data;

Other wells of interest:

• 16736: t1/08; cum 486K 5/22; see this post; a re-fracked MRO Bailey well;
• 25481: t10/13; cum 373K 2/22: remains off line;
• 25482: t10/13; cum 312K 2/22; remains off line;
• 25483: t10/13; cum 203K 12/21; remains off line;
• 25484: t10/13; cum 151K 5/22; no halo effect;

Halo effect:
16736: t1/08; cum 486K 5/22; definite halo effect;

BAKKEN	9-2019	30	11859	11995	12284	16053	4345	10362
BAKKEN	8-2019	31	14687	14591	15873	18741	16230	964
BAKKEN	7-2019	31	18771	18878	22079	23061	17102	4143
BAKKEN	6-2019	30	22893	22808	31176	20766	14015	4676
BAKKEN	5-2019	31	24374	24525	46403	19440	10248	6967
BAKKEN	4-2019	26	29475	29535	90245	20752	5344	12964
BAKKEN	3-2019	5	4502	3755	20278	3154	557	2030
BAKKEN	2-2019	0	0	0	0	0	0	0
BAKKEN	1-2019	0	0	0	0	0	0	0
BAKKEN	12-2018	0	0	0	0	0	0	0
BAKKEN	11-2018	1	23	440	3	19	6	9
BAKKEN	10-2018	31	844	680	243	786	420	128
BAKKEN	9-2018	30	817	910	143	766	478	58
BAKKEN	8-2018	31	837	1103	138	797	530	29

Initial production:

• 38312:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	31	33647	33590	29576	30498	28949	375
BAKKEN	4-2022	28	30889	30924	34075	26495	24841	594
BAKKEN	3-2022	30	43302	43088	58891	36235	34793	0
BAKKEN	2-2022	23	6168	6059	15541	4350	4172	0

• 38313:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	31	30225	30169	32013	27994	26579	352
BAKKEN	4-2022	28	27265	27306	33020	24799	23288	555
BAKKEN	3-2022	30	39526	39582	50367	31579	30293	0
BAKKEN	2-2022	8	19846	19495	32708	12335	11793	0

• 38314:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2022	31	32823	32783	26886	29753	28211	396
BAKKEN	4-2022	28	31830	31841	25993	27195	25526	577
BAKKEN	3-2022	30	41193	41365	37768	33448	32063	0
BAKKEN	2-2022	9	27090	26611	28458	16855	16134	0