Four New Permits -- June 14, 2024

Locator: 47851B.

From oilprice today:

This will be the third time this story is being pursued by Saudi Arabia.

Saudi Arabia did this once before. From June 29, 2021: it was a trillion-dollar mistake. Back in 2014 - 2016. 

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Back to the Bakken

WTI: $78.45.

Active rigs: 39.

Four new permits, #40838 - #40841, inclusive:

• Operators: Formenter Operations (3); MRO 
• Fields: Larson (Burke); Bailey (Dunn)
• Comments:
• Formentera Operations has permits for four three LARI wells, SESW 23-162-94, 
• to be sited 450 FSL and at 1675 FWL; 1745 FWL; and 1710 FWL, respectively;
•  MRO has a permit for a Sheehan well, SESE 21-146-93, 
• to be sited 558 FSL and 622 FEL;

Three permits renewed:

• BR, three Kellogg permits, Elidah oil field, McKenzie County;

Two permits canceled:

• Whiting (2): a P Earl Rennerfeldt permit, Stockyard Creek, Williams County; and, an Armas permit, Sanish, Mountrail