Locator: 50086B.
Pullback: this headline, without question, is a bit of hyperbole. Link here. December, a winter month, if I recall correctly, is not exactly a great time to be fracking in the Bakken, where it can be as cold as, or colder than, the Arctic. Regardless, December, 2025, production in the Bakken dropped from 1.168 million bopd in November to 1.092 million bopd in December (76,000 bbls of oil per day). But then Ms Geiger changes her tone:
The broader picture isn’t nearly as dramatic as some framing implies. Production remains elevated by any historical standard, still hovering around record territory above 13.6 million bpd. December’s average daily production is still nearly 200,000 bpd above December 2024’s average, and above every month except the previous five. What December shows is moderation, particularly in the Bakken and parts of PADD 2.
WTI: $67.02.
Active rigs: 26.
Five new permits, #42736 - #4274, inclusive:
- Operator: Oasis
- Field: Enget Lake (Mountrail County)
- Comments:
- Oasis has permits for five Dunlin 5892 wells, NWSW 33-158-92,
- to be sited 2413 / 2414 FSL and 583 / 715 FWL.
The permits for the five new Dunlin 5892 wells:
- 31-33 2B: four sections, 2560-acre spacing unit:
- 35 / 36-158-93; and,
- 31 / 32 -158-92
- 31-33 3B: same four sections
- 31-33 4B: same four sections
- 31-33 5B: same four sections
- 31-33 6BX: six sections, 3840-acre spacing unit --
- 35 / 36 - 158-93;
- 31 / 32 -158-92;
- 1 / 2 - 157-93; and,
- 5 / 6-157-92.
Sixteen permits renewed:
- Valkyrie Operating (2): two Aaberg permits, West Ambrose, Divide County;
- BR (9), nine Badlands permits, Haystack Butte, McKenzie County;
- Hess (5):
- two EN-MOMM permits, Big Butte, Mountrail County; and,
- three EN-RC permits, Big Butte, Mountrail County.
