Six New Permits; Ovintiv Reports Five DUCs Completed -- April 5, 2023

Locator: 44314B.

Wow, traders and investors were "divided" on outlook:

• oil fundamentals suggest oil should be melting higher (price), and yet it doesn't, suggesting,
• folks are really concerned about a global slowdown (recession) and yet that seems just as hard to sort out.

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Back to the Bakken

Active rigs: 45.

WTI: $80.46.

Natural gas: $2.139.

Six new permits, #39789 - #39794, inclusive:

• Operators: CLR (4); Petro-Hunt (2)
• Fields: Rattlesnake Point (Dunn); Little Knife (Billings County)
• Comments:
• CLR has permits for two more Cuskelly wells and two more Thorvald wells, lot 1 section 7-146-96; 
• to be sited 275 FNL and between 994 FWL and 1124 FWL;
• Petro-Hunt has permits for two Terres wells, NENE 13-144-98; 
• to be sited 664 FNL with one well 480 FEL and the other well 515 FEL;

Note: there have been so many new CLR Cuskelly and Thorvald permits in the past three days, I've updated the Cuskelly / Thorvald site.

Five producing wells (DUCs) were reported as completed: four of the five are Three Forks, first bench wells; 30-stage stims; 175,000 bbls proppant:

• 38743, 426 BOP, Ovintiv, Sorenson Federal 153-96-9-4-11H,
• 38744, 794 BOP, Ovintiv, Sorenson Federal 153-96-9-4-3H,
• 38745, 1,045 BOP, Ovintiv, Sorenson Federal 153-96-9-4-12H,
• 38747, 929 BOP, Ovintiv, Sorenson Federal 153-96-9-4-13H,
• 38749, 813 BOP, Ovintiv, Sorenson Federal 153-96-9-414H,