MRO With Five New Permits; One DUC Reported As Completed -- May 13, 2024

Locator: 47144B.

Stagflation: Kelly Evans is back on CNBC after maternity leave. 

I don't follow her much either way but she lost whatever credibility she had (or the credibility her producer had) when she brought up "stagflation" as her first "story" on her program.

As noted before, these "stories" are drawn up at least two weeks in advance. I was surprised to hear one of guests actually supporting her concern for stagflation as a real concern. At least CNBC's chief analyst reminded folks stagflation has three components: high inflation (and 6% doesn't cut it); high unemployment (and 6% doesn't cut it; and slow growth (GDPNow's most recent estimate: 4.2, up from 3.3.

And we move on.

For those in the right stocks today (think AAPL), this was another huge (and wonderful day) to be fully invested. 

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Back to the Bakken

WTI: $79.12.

Active rigs: 38.

Five new permits, #40743 - #40747, inclusive:

• Operator: MRO
• Field: Bailey (Dunn) -- YES!!!
• Comments: 
• MRO has permits for five wells, NENW 26-146-93; 
• to be sited 740 FNL and between 1922 FWL and 2002 FWL: Jens, Rappley, Eder, O'Donnell (Odonnell), and Sigrid. 
• these wells with share a pad with #40642, Thornton 31-26H.
• all are on confidential status, but I bet the horizontals run south, but they could certainly run north, but I'll put my money on the horizontals running south
• two producing wells in that drilling unit: #18736 and #17310
  

One producing well (a DUC) was reported as completed:

• 38009, 240, BR, CCU Plymouth 21-29MBH, Dunn County