Natural Gas Drops Below $6; WTI Drops Below $83 -- October 18, 2022

Active rigs: 42.

WTI: $82.82.

Natural gas: $5.745

Four new permits, #39313 - #39316, inclusive:

• Operators: Stephens Williston DBA SEG Williston (2); CLR (2)
• Fields: Ross (Mountrail); Antelope (McKenzie)
• Comments:
• SEG Williston has permits for two Gernand wells, NWSW 32-156-90 and SWSW 32-156-90; 
• to be sited 2223 FSL and 443 FWL and 2193 FSL and 443 FWL:
• CLR has permits for a Quale Federal well, and a Harms Federal well, the former, SWSW 12-152-94, and the latter, lot 4 section 28-153-93; 
• the Quale to be sited 2016 FNL and 2157 FWL; and the Harms Federal to be sited 1983 FNL and 2156 FWL

One producing well (a DUC) reported as completed:

• 38833, 810, Hunt, Palermo-King 156-90-5-34H 1,

A dry hole reported:

• 35431, dry, Northwestern Production, LLC, TMW 33-23, NWSE 23-138-102, Billings County; far southwest corner of the state; field: Tracy Mountain; target formation: Tyler; a sundry form with a August 1, 2019, start date noted that the company wanted to "TA" this well: the well encountered a lower-than-expected reservoir pressure. Operator wants to keep option to utilize the wellbore in the future pending results of further evaluation. Paraphrased.