EOG Misses; Iron Oil With Three New Permits; Three DUCs Reported As Completed; WTI Falls Below $90; Drill, Baby, Drill Is Working -- Plenty Of Oil; Gasoline Prices Should Keep Dropping -- August 4, 2022

ISO-NY, link here:

• at 5:26 p.m. ET
• 8th decile across Long Island, NYC metro area: over $300 / MWh

EOG: earnings.

• link here; more here;
  
• revenue: $7.41 billion; vs $6.64 billion
• EPS: adjusted, $2.74 vs $2.99 / share; whisper, $3.21.

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Back to the Bakken

WTI: $88.54.

Natural gas: $8.122.

Active rigs: 47

Three new permits, #39133 - #39135, inclusive:

• Operator: Iron Oil Operating
• Field: Sather Lake (McKenzie County)
• Comments:
• Iron Oil Operating has permits for three Antelope wells in lot 1 section 1-148-102, 
• to be sited between 328 FNL and 360 FNL and between 500 FEL and 1699 FWL;

Three producing wells (DUCs) completed:

• 36248, 217, BR, Stortroen 2D MBH,
• 37539, 176, BR, Faye 3A-UTFH,
• 38821, 3,032, Grayson Mill, Ron 28-33 3H, Camp, no production data,
  

Name changes to four wells, all CLR wells:

• 25165, Micahlucas 5-5ND, from/was Micahlucas 5-5H, Jim Creek, Dunn County; scout ticket shows status as PNC. 
• either something new or I missed it from before
• it was my experience that a PNC well changed name to have PNC at the end; now, at least for CLR, they append ND (not drilled) to a well that was not drilled and the permit canceled.
• we had another example not too long ago, within the last six weeks
  
• 37485, Gibb 2024H1, from/was Gibb 2-24H, Beaver Lodge, Williams County
• 37487, Gibb 4-24H1, from/was Gibb 4-24H, Beaver Lodge, Williams County
• 38699, Gibb 8-24HSL, from/was Gibb 7-24HSL, Beaver Lodge, Williams County