Tuesday, September 20, 2022

Five New Permits; Rigs Increased; Interesting Name Changes; One Permit Renewed; One DUC Reported As Completed -- September 20, 2022

WTI: the lower WTI goes, the better the Bakken looks (among the four -- the Texas Permian, the New Mexico Permian, the Eagle Ford, and the Bakken). Trust me on this one.

Active rigs: 47. Note the increase.

WTI: $84.45. Down 1.5% today. It will be interesting to see what "oil" does when Putin announces that Russia is fully mobilized for war.

Natural gas: $7.688.

Five new permits, #39252 - #39256, inclusive:

  • Operator: Hess
  • Field: Banks (McKenzie)
  • Comments:
    • Hess has permits for five SC-4WX wells, lot 2 section 3-152-96; 
      • to be sited 625 FNL and between 2088 FEL and 2220 FEL

One permit renewed:

  • 29615, Slawson, Rebel Federal 2-32-8H, Mountrail Counthy

One producing well (a DUC) reported as completed:

  • 38567, 572, Hunt, Halliday 145-93-15-22H-6, Dunn

Interesting name changes. With regard to these name changes, two things to note:

  • 30595, EOG, Liberty LR 30-2320H, was Liberty LR 30-2321H,
  • 30594, EOG, Liberty LR 108-2320H, was Liberty LR 108-2321H,
  • 38325, EOG, Liberty LR 56-2320H, was Liberty LR 56-2317H,

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