Hess With Six New Antelope Creek Permits; XTO Reports Two Dry Kulczyk Wells -- February 5, 2025

Locator: 48481B.

Geo-politics: I have never been more excited than I am now about the current state of geo-politics. We will come back to this later, I'm sure. 

Gaza: pending.

Ukraine: pending.

Norway: pending.

Trump appointees: pending.

DEI is dead: exhibit A -- google announced today, that going forward, it will only hire the best and the brightest regardless of an applicant's immutable features. It's hard to believe it took "a Trump" to make that happen. 

Elon Musk, DOGE, and AI: FAA next. 

Solar: not on my bingo card today. Scheduled to close in 2039 -- about fifteen years from now-- two of three units to be closed immediately and operator looking to close the third of three units. Even the Sierra Club didn't like this project. Abject failure. Solar farms are expected to last forever -- after all, they're cheap and the fuel source is free. Oil wells last longer than this. My hunch: the depreciation / tax credits expired. Time to initiate a new farm with new depreciation, tax credits, tax incentives.

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Back to the Bakken

WTI: $71.03.

Number of rigs: 34.

Seven new permits, #41583k - #41589, inclusive:

• Operators: Hess (6); Empire North Dakota
• Fields: Antelope Creek (McKenzie); Starbuck-Madison Unit (Bottineau)
• Comments:
• Empire North Dakota has a permit for a Raptor 1 well, lot 2, section 1-160-79;
• to be sited 370 FNL and 1350 FEL;
• Hess has permits for five BW-IDA wells and one BW-JLP wells, NWSW 13-149-101, 
• to be sited 2417 / 2579 FSL and 821 / 935 FWL; four of the wells are 3-section wells; and two of the wells are 6-section wells.

Two producing wells (DUCs) were reported as completed:

• 36834, 3,241, XTO, HBU Muller 31X-12C, Williams County;
• 36835, 3,634, XTO, HBU Muller 31X-12F, Williams County;

Two dry holes reported:

• 37226, dry, XTO, Kulczyk 43X-17TFXG2, Mountrail County;
• 37664, dry, XTO, Kulczyk 43X-17BXC, Mountrail County;