Enerplus With Eight New Permits -- February 16, 2024

Locator: 46831B.

Link here. The Atlanta Fed president practically said this on live television today during an interview on CNBC:

Tucker Carlson, doofus: link here. 

Meanwhile, the buzz in NYC, link here. Carl Q retweeted this, $364 million judgement and severe additional penalties. The judge's comments: was he talking about Bernie Madoff? Generally, while on appeal, the financial penalty must be held in escrow -- real cash. At least Trump donors know where their money is going now.

Whisper numbers: XOM, CVX -- link here.

Oil - natural gas ratio: 

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Back to the Bakken

Natural gas production, Bakken: hits a new, all-time high. Can you imagine what's happening in natural gas fields.

Active rigs; 39.

WTI: holy mackerel! Are folks paying attention?  WTI up 1.5% today; up $1.16; closed at $79.19.

• For the well below: the wellhead, the value of just the crude oil at $79.19 for single month:
• 108,340 bbls * $79.19 / bbl = $8.579 million

Eight new permits, #40524 - #40531, inclusive:

• Operator: Enerplus
• Field: Heart Butte (Dunn County)
• Comments:
• Enerplus, which could be acquired by Devon, has permits for eight "MLB pitcher" wells, SESW 19-149-92; Closer, Southpaw, Bullpen, Juiced, Dinger, Curve, Lumber, and Deuce; 
• the wells to be sited 405 FSL and between 1964 FWL and 2335 FWL;

Five permits renewed:

• Liberty Resources (3): three Tucson permits in Mountrail County
• Lime Rock (2): a Schneider permit, Fayette, Dunn; and, a Garfield permit, Stanley, Mountrail.

One producing well (a DUC) reported as completed:

• 36778, 480, BR, Bailey-George 1A TFH-ULW
• a well of interest; link here;