MRO With Six New Permits, Reunion Bay -- August 17, 2023

Locator: 45495B.

Eagle Ford: Chesapeake Energy and Earthstone Energy both completely exit the Eagle Ford; Ssitio Royalties spends $248 million to increase its Permian footprint by 7%. Link here.

Cove Point: BRK purchased an additional 50% stake in the Cove Point LNG facility has some wondering about owner Warren Buffett's commitment to the LNG space. Link here. Previously posted.

A month ago: link here.

**************************

Back to the Bakken

WTI: $80.39. 

Active rigs: 39.

Six new permits, #40129 - #40134, inclusive:

• Operator: MRO
• Field: Reunion Bay (Mountrail)
• Comments:
• MRO has permits for six wells -- Ashley USA, Bonnie USA, Newman USA, Rogers USA, Linder USA, and Reinhold USA; SWSW 4-151-93; 
• to be sited between 1237 FSL and 1425 FSL and between 1097 FWL and 1029 FWL

One permit renewed:

• 37802, CLR, Miles 9-6HSL1,

Four permits canceled:

• CLR: two Miles permits and two Kennedy permits canceled; McKenzie County