Two New Permits; Thirteen Permits Renewed; Four DUCs Reported As Completed -- November 16, 2023

Personal investing: I have been overweight in "oil" for decades but starting about two years ago I started becoming very aggressive in "diversifying" my portfolio. 

For a period of time in the past two years, I put absolutely no new money into "oil." Now, some exceptions (some opportunities are just to good to ignore). But, having said that, when WTI plunged today I was not eager to check my portfolio. I was surprised to find that my portfolio slumped ... 0.000333 or 0.03% today. Absolutely inconsequential, and reassures me, that at least for the moment, I am well protected from huge losses in oil. But it does prove that one can pivot if one wants. But, wow, it was emotionally difficult. Did CNBC help? Definitely.

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Back to the Bakken

Active rigs: 36.

WTI: $73.20.

Two new permits, #40343 - #40344, inclusive:

• Operator: KODA Resources
• Field: Fertile Valley (Divide)
• Comments: KODA Resources has permits for two Stout wells, NWNE 22-160-102, to be sited 335 FNL with one well 1800 FEL and the other 1765 FEL

Thirteen permits renewed:

• CLR (10): four Lancaster, two Marlene, two Shroeder, and two Sacramento permits, in Brooklyn, Elk, and Stoneview oil fields, Williams and McKenzie counties
• Liberty Resources (2): a Christine permit and an LTM permits, Enget Lake (Mountrail County);
• BR: a Fritz Falls permit, Murphy Creek, Dunn County

Four producing wells (DUCs) reported as completed:

• 31231, 0, BR, Gladstone 4-1-13MBH,
• 38839, n/d, Enerplus, Hay Draw 148-97-27-34-7H,
• 39170, 947, WPX, Pennington 16-15HCL, Big Bend, the Pennington wells are tracked here.
  
• 39167, 768, WPX, Pennington 16-15-14HY, Big Bend, the Pennington wells are tracked here.