Four New Permits -- The Bakken -- February 14, 2025

Locator: 48557B.

Trump: unleashes LNG and Big Oil. Link here.

President Donald Trump wasted no time flexing his pro-fossil fuel stance, approving the first LNG export permit since Biden’s controversial pause last year and creating a new energy council to expand U.S. oil and gas production. The move is a sharp policy reversal and seeks to reinforce America’s position as the world’s top hydrocarbon producer. 

Commonwealth LNG, the long-waiting recipient of this permit, can now proceed with its 9.5 million metric tons per annum (mtpa) export facility in Louisiana, targeting markets in Asia and Europe. The approval effectively ends the uncertainty caused by Biden’s freeze on new LNG export authorizations—a pause that the administration initially framed as temporary but dragged on into perpetuity.

[Comment: it appears Biden was unaware he had signed this executive order.]

Trump lifted that freeze the moment he stepped back into office.

Beyond LNG, Trump has reopened over 600 million acres of offshore federal waters for oil and gas development, reversing restrictions imposed during Biden’s tenure. The newly formed energy council, led by Interior Secretary Doug Burgum, is set to drive policy aimed at maximizing domestic energy output. Industry players are already moving fast.

Cheniere Energy (LNG) and Energy Transfer have signaled plans to accelerate their LNG export projects, while offshore drillers are eyeing fresh opportunities in newly opened federal waters. Trump’s latest moves are sure to inflame environmental opposition, but legal hurdles are unlikely to slow things down much.

A federal judge recently blocked Biden’s LNG moratorium, ruling the pause unjustified. With regulatory roadblocks disappearing and demand for U.S. LNG soaring—especially in Europe, which remains eager to replace Russian gas—the American LNG boom is back in full swing. 

North Dakota wind: MDU to acquire interest in Badger Wind Farm to put less emphasis on coal, natural gas. Links everywhere including this one.

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Back to the Bakken

WTI: $70.74.

Active rigs: 32.

Four new permits, #41615 - #41618, inclusive:

• Operators: Oasis (3); Phoenix Operating
• Fields: Cottonwood (Mountrail); Big Meadow (Williams)
• Comments:
• Phoenix Operating has a permit for a Shivey well, NWNE 28-158-96, 
• to be sited 400 FNL and 2076 FEL; sections 28 / 33 - 158 - 96;
• Oasis has permits for three Emie Federal wells, lot 6, section 7-157-92; 
• to be sited 2581 FSL and 389 / 455 FWL. All three Emie Federal wells, 1920-acre spacing, sections 7 / 8 / 9 -157-92.