WTI Breaches $77, Two New Permits; Ten Permits Renewed; Seven DUCs Reported As Completed -- December 14, 2022

Breathlessly reporting: Guyana-Suriname Basin could be the world's last great offshore oil boom.

• this basin is tracked here;
• discovered by ExxonMobil
• 11 billion bbls in the Stabroek Block offshore (recently revised upward), recoverable
• one of as many as 30 blocks
• all blocks: ~ 20 billion bbls
  
• to put in perspective:
• 10 years x 1 million bopd x 365 days / year = 4 billion bbls (rounded up) --Bakken
• 10 years x 5 million bopd x 365 days / year = 20 billion bbls (rounded up) -- Permian
  

Note: I often make simple arithmetic errors.

JPow / Fed: raised the "prime rate, 50 basis points, now 4.25 to 4.50%, prime rate.

Active rigs: 43.

WTI: $77.54.

Natural gas: $6.564.

Two new permits, #39491 - #39492, inclusive:

• Operator: Kraken
• Field: Squires (Williams)
• Comments:
• Kraken has permits for a Ricky-Lee well and a Anseth well, NWNW 20-155-103,
• one to be sitd 340 FNL and 375 FWL; and, 
• the other, 340 FNL and 408 FWL

Ten peermits reneweed:

• Petroshale (5): all Tahu permits; all in McKenzie County
• Hunt (4): one Nichols permit and thee Palermo permits, all in Mountrail County;
• Slawson: a Ripper Federal permit in Mountrail County

Seven producing wells (DUCs) reported as completed:

• 38239, 3,625, Ovintiv, Kramer 150-97-18-19-11HLW,
• 38244, 2,128, Ovintiv, Kramer 150-97-18-19-3H,
• 38245, 4,611, Ovintiv, Kramer 150-97-18-19-4H,
• 38246, 2,913, Ovintiv, Kramer 150-97-18-19-14H,
• 38248, 2,291, Ovintiv, Kramer 150-97-18-19-15H,
• 36513, 40 (no typo), Crescent Point, CPEUSC Austin 4-17-20-158N-99W-MBH,
• 36519, 176 (no typo), Crescent Point, CPEUSC Austin 7-17-20-158N-99W-MBH-LL;