New Well Naming System Being Used By CLR? Five New Permits -- December 5, 2022

US economy: one word -- incredible. Despite the aggressive efforts by the Fed to slow inflation, the economy remains resilient.

This is exactly what Europe saw coming and what Europe saw coming over twenty years ago -- an energy-independent America.

• but it's more than that:
• not only is America energy dependent, it is now the #1 supplier of natural gas and crude oil to other countries; this needs to be fleshed out
• to what degree the Russian-Ukraine war is having on the global economy, the war is "background" noise and the real story is America's energy story; perhaps more on this later:
• I refer you to one of Peeter Zeihan's recent books

US economy: link here. 

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Back to the Bakken

CLR: has changed names of two wells.

• 36164, loc, CLR, Fuller 9ND, Dunn County; was Fuller 9-2H1;
• 36163, loc, CLR, Fuller 10ND, Dunn County; was Fuller 10-2H

Active rigs: 41.

WTI: $77.41 (on the back of strong economic data; investors fear the Fed will remain hawkish)

Natural gas: $5.630

Five new permits, #39458 - #39462, inclusive:

• Operators: CLR (4); Enerplus;
• Fields: Little Knife (Dunn County); South Fork (Dunn County))
• Comments:
• Enerplus has a permit for a Checkered well, lot 4 section 4-148N-93W; 
• to be sited 719 FNL and 644 FWL;
• CLR has permits for two Arthur wells and two Hegler wells; SWSW 12-146-97; 
• to be sited 500 FSL and between 932 FWL and 1112 FWL
• the Arthur / Hegler wells are tracked here.