WPX With Two New Permits -- March 1, 2023

AVGO: earnings after Thursday's close.

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Back to the Bakken

Active rigs: 45.

WTI: $77.64.

Natural gas: $2.790.

Two new permits, #39690 - #39691, inclusive:

• Operator: WPX
• Fields: Heart Butte and Moccasin Creek (both in Dunn County)
• Comments:
• WPX has two permits, one for a Marcus well, and one for a Nero well, both in NENE 26-148-93;
• one to be sited 1292 FNL and 572 FEL; and, the other to be sited 1312 FNL and 550 FEL

Three permits renewed;

• Foundation: one Barkland permit; and two Ellisson Creek Federal permits. Barkland is in Beaver Creek, Golden Valley; the Ellison Creek Federal wells are in Morgan Draw, Billings County

Three permits canceled:

• Neptune Operating: two Shaffer permits (Williams County) and one Sanders permit (McKenzie County)

Two additional permits canceled:

• based on their name change, it appears two Slawson permits have also been canceled, both Armada Federal permits, #34619 and #38687, the former a middle Bakken; and, the latter, a Three Forks.