Eight New Permits; Eight Permits Renewed; Eight DUCs Reported As Completed -- Just How Prolific Is US Shale Oil? New Mexico Crude Oil Production Likely To Exceed Mexico's Crude Oil Production -- December 7, 2022

Texas: "flu-like illnesses" surging in Tarrant County (Ft Worth); abuts Dallas County; home of DFW International Airport.

• "Flu like illnesses": seasonal flu; Covid-19; and, pneumococcal.
• vaccines available for all three diseases;
  
• national data suggests vaccinations for "seasonal flu" down this year compared to last year;

DE: increases dividend, quarterly from $1.13 to $1.20. Payable next February 8, 2023; record date, December 30, 2022. 

The most notable story of the day: New Mexico's crude oil production likely to exceed that of Mexico sometime in the next couple of months:

• not official yet, but projected;
• Mexico crude oil production (link here): 1.700 million bopd for the past two months (July, August)
• New Mexico crude oil production (link here to EIA): 1.681 million bopd (August)
• going forward the gap will narrow and New Mexico is likely to produce more oil than Mexico

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Back to the Bakken

Active rigs: 43.

WTI: $72.40 -- down another $1.85 today.

Natural gas: $5.816.

Eight new permits, #39469 - #39476, inclusive:

• Operators: Ovintiv (5); MRO (2); Lime Rock Resources
• Fields: Siverston (McKenzie County); Killdeer (Dunn County); Murphy Creek (Dunn County)
• Comments:
• Lime Rock Resources has a permit for a Federal Kubik Trust well, NWNW 17-143-95; 
• to be sited 553 FNL and 408 FWL;
• MRO has permits for a McConnell well and a Sagler well, SESW 33-146-94; 
• the McConnell to be sited 360 FSL and 1819 FWL; and, the Sagler to be sited 1att 360 FSL and 1859 FWL
• Ovintiv has permit for four Newman wells, SESW 21-150-97; 
• to be sited 409 FSL and between 1954 FWL and 2174 FWL

Eight permits renewed:

• BR (4): four CCU Plymouth permits in Dunn County
• Petro-Hunt (2): two Noonan Federal permits in McKenzie County
• Lime Rock: a State B permit in Dunn County;
• Slawson: an Armada Federal permit, NW SW 14-151-92

Eight producing wells (DUCs) reported as completed:

• 38728, 1,239, Kraken, Raymond 16-21 2H,
• 38729, 1,105, Kraken, Raymond LW 16-21 12H,
• 38602, 1,239, WPX, Samuel Packineau 8HA,
• 38603, 863 (no typo), WPX, Samuel Packineau 8HW,
• 38432, 1,836, WPX, Wounded Face 14-15HC,
• 38433, 1,883, WPX, Wounded Face 14-15HX,
• 38434, 2,243, WPX, Wounded Face 14-15HB,
• 38736, 1,003, WPX, Samuel Packineau 8HB,

Another interesting well name change:

• 36162, CLR changes the name of its Fuller 11-2H1 well to the new name: Fuller 11ND;