Monday, July 21, 2025

Enerplus With Six New Permits -- July 21, 2025

Locator: 48794B.

Stargate: oh, oh. Exclusive in The WSJ. I track Stargate here. Stargate struggling. This story may have legs, or it's simply one should expect in a $500-billion start-up with individuals at the top with strong personalities.

Investing: quick, name the four individuals/sources that have affected your portfolio -- good and bad -- the past three years. I'll come back to this. Two individuals were huge disappointments; one source was an incredibly good source; another individual was a great source, but I say that with a lot of reservation. I will talk about this later. 

Investing: is Devon about ready to reward investors?

That B-52 - Delta Airlines "incident" last Friday? Something tells me there's more to the story. I think I know what happened  but we'll the folks that are much smarter than I tell the story. That story will be told over the next few days or weeks, and maybe we'll hear something more. My hunch: this story has no legs.

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Back to the Bakken

WTI: $67.20.

Active rigs: 33.

Six new permits, #42143 - #42148, inclusive:

  • Operator: Enerplus
  • Field: South Fork (Dunn County)
  • Comments:
    • Enerplus has permits for six MHA wells -- Perch, Paddlefish, Rainbow, Stickleback, Cod, and Cacao, NWSW 14-148-93, 
    • to be sited 1328 / 1637 FSL and 334  692 FWL.

Five permits renewed:

  • CLR (2): beaver Lodge, Williams County;
  • XTO (3): three Sakakawea Federal, Hofflund, McKenzie County;

One producing well (a DUC) reported as completed:

  • 30294, 431, Hunt Oil Company, Palermo MCNIC 156-90-22-23H-2, Mountrail County;