Three New Permits; Five Permits Renewed; Three Permits Canceled; Nine Producinng DUCs Reported As Completed; MRO With Spectacular Wells In The Killdeer Area -- January 30, 2024

Locator: 46689B.

Wind: wow, look at these Germany numbers. I must be missing something. Link here.

MPC: I figured this was the reason, but I did not know for sure. Great to see this confirmed. Link here.

Ohio-based oil refiner Marathon Petroleum (MPC) saw its Q4 profits exceed analyst expectations, the company reported on Tuesday—thanks in part to OPEC's production cuts.

The U.S. refiner reported a net income of $3.84 per share—or $1.5 billion—for the last quarter of 2023, while analysts estimated a figure far lower, at just $2.20 per share. This overachievement came even as global refining capacity increased, thanks to production cuts by OPEC+ combined with healthy demand, which helped to offset struggling fuel prices.

Marathon's crude oil capacity utilization came in at 91%, for a total throughput of 2.9 million bpd for Q4, while net income attributable to company settled at $1.45 billion. This compares with $3.32 billion in Q4 2022.

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Back To The Bakken

WTI: $77.82.

Active rigs: 39.

Three new permits, #40487 - #40489, inclusive:

• Operator: Grayson Mill (2); Oasis
• Fields: Westberg (McKenzie); Camp (McKenzie)
• Comments:
• Grayson Mill has permits for twwo WWahuus wells, SESE 12-152-97, 
• with one to be sited 318 FSL and 664 FEL andd one sited 308 FSL and 515 FEL;
• Oasis with one permit for a Lee S well,, SWNW 8-152-101, 
• to be ssited 20032 FNL and 266 FWL.

Five permits renewed:

• Lime Rock (3): a State, a Kary, and an Emil permit; the first two in Cabernet, Dunn County; and the third, Murphy Creek, also Dunn County:
• Hunt (2): two Patten permits, Parshall; Mountrail County;

Three permits canceled:

• Whiting: two Gullikson permits and one P Bibler permit; the Bibler in Williams County; the Gullikson permits inn McKenzie County

Nine producing wells (DUCs) reported as completed:

• 37645, 2,280, BR, Tailgunner 2A TFH, North Fork, no production data,
• 37646, 422, BR, Tailgunner 2B MBH, North Fork, no production data,
• 37649, 0 (no typo), BR, Tailgunner 2E TFH, North Fork, no production data,
• 39443, 2,391, MRO, Bunk 34-33H, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	7	9479	9438	13168	8180	7289	862

• 39444, 3,023, MRO, Luptak 34-33H, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	17	25821	25710	38170	17688	15786	1841

• 39445, 4,076, MRO, Margery 24-33H, Bailey, no production data,
• 39469, 3,349, MRO, McConnell 11-4H, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	26	45670	45474	93852	34458	30732	3607

• 39628, 2,482, MRO, Amandus 31-17H, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	25941	26011	78823	16658	16289	261
BAKKEN	10-2023	29	35003	35088	129764	20851	20409	286
BAKKEN	9-2023	4	4214	3938	25731	2054	1992	36

• 39630, 3,857, MRO, Mueller 41-17H, Killeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	36673	36727	69486	21662	21187	336
BAKKEN	10-2023	25	41358	41133	81899	23020	22537	313

 Wells of interest:

• 17883, 402, MRO, Theresa Tuhy 14-33H, Bailey, t5/09; cum 283K 4/23;, recently back on line; too soon to see any halo effect. 

• 17316, 561, MRO, L. R. 21-16H, Killdeer, t10/08; cum 546K 7/23; still off line;