MRO With Three New Permits In Bailey Oil Field; Nineteen Permits Renewed; Two CLR DUCs Reported As Completed

Ukraine: to receive, in round numbers, one billion dollars worth of armaments, ammunition --

The package, worth $775 million, includes ammunition for HIMARS systems, 16 105mm howitzers and 36,000 shells for them, 15 ScanEagle drones, de-mining equipment, HARM anti-radiation missiles, 1,000 Javelin missiles, and 1,000 TOW anti-tank missiles.

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Back to the Bakken

WTI: $90.77. Would be much higher but traders are more certain of a recession; and a Fed that will raise rates another 75 basis points.

Natural gas: $9.336. Headline: Gazprom will halt Nord Stream gas flows on August 31, 2022, have not yet sunk in.

Active rigs: 45.

Three new permits, #39179 - #39181, inclusive:

• Operator: MRO
• Field: Bailey (Dunn)
• Comments:
• MRO has permits for a Cinninger well, a Thorstein well, and a Jack well, all in SWSW 32-146-94; 
• to be sited 638 FSL and between 703 FWL and 783 FWL.

Nineteen permits renewed:

• MRO (9): six permits in Dunn County -- Elva USA, Shell USA, Anita USA, Treasure USA, Carolyn USA, and Judith USA; three permits in Mountrail County: Cecelia USA, Riley USA, and Bracklin USA:
• Enerplus (7): all in McKenzie County -- Possum, Quoll, Joey, Bandicoot, Potoroo, Boomer, and Koala;
• XTO (2): two Ernest Federal permits  in Dunn County;
• BR: an Omlid permit in McKenzie County

Two producing wells (DUCs) reported as completed:

• 38532, 1,091, CLR, Whitman FIU 12-34H2, Oakdale, no production data; Whitman is tracked here; needs to be updated;
• 38533, 716, CLR, Whitman FIU 13-34HSL1, Oakdale, no production data; Whitman is tracked here; needs to be updated;
• the neighboring Whitman wells (#20212, #20210) remain off line.
• #20210: cum 1.789 million bbls;
• 20212: cum 1.06 million bbls;