Five New Permits; Six DUCs Reported As Completed -- September 17, 2024

Locator: 48608B.

Record high: S&P 500 hit a new intraday high today -- if not, very close before closing flat.

FANG: up $5 today.  

BRK-B: up as much as $7 today.

META: near another high; chartists suggests it could have a huge breakout.

Cramer: out in San Francisco, AI conference.

• Fed getting ready to cut the Fed rate: "don't overthink it."
• AI
• AI is not a strategy
• for most, AI is a necessary expense
• "in fact," says Cramer, "AI makes everything go faster"
• "the AI agent knows you; the AI agent will give you something better than we already have"
  

********************************
Back to the Bakken

WTI: $71.19.

Active rigs: 39.

Five new permits, #41138 - #41142, inclusive:

• Operators: CLR, Phoenix Operating
• Fields: Crazy Man Creek (Williams); Bailey (Dunn)
• Comments:
• Phoenix Operating has a permit for a Marshall well, NWNW 13-144-94,
• to be sited 381 FNL and 424 FWL; spacing unit section 2 / 11 - 144-94;
• CLR has permits for three Stangeland wells and one Hayes well, SESE 6-153-99; 
• to be sited 29 FSL and at 1058 FEL, 1026 FEL, 994 FEL, and 962 FEL.

Six producing wells (DUCs) reported as completed:

• 40416, 887, Kraken, Fasching 15-22-27 4H, Hebron, npd,
• 40465, 803, Kraken, Fasching LE 15-22-27 12H, Hebron, npd,
• 40466, 719, Kraken, Milloy 10-3-34 3H, Hebron, npd,
• 40467, 864, Kraken, Milloy 10-3-34 2H, Hebron, npd,
• 40468, 666, Kraken, Milloy LE 10-3-34 1H, Hebron, npd,
• 40515, 274, CLR, Hartman 12-28H, Chimney Butte, npd, 

Based on new name (PNC) it appears Slawson has canceled four Shad Rap Federal permits.