Wednesday, March 25, 2026

Phoenix Operating With Six New Permits; Six Permits Renewed; Price Of Oil Is Irrelevant -- In Terms Of "Accuracy" -- March 25, 2025

Locator: 50316B. 

CENTCOM: daily briefings are becoming irrelevant. They need to do better.  

UAE / Saudi Arabia: same page as Israel with regard to the war. 

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Back to the Bakken 

WTI: $90.32.

Active rigs: 25.

Six new permits, #42785 - #42790, inclusive:

  • Operator: Phoenix Operating.
  • Oil Fields: Kittleson Slough; Noonan
  • Comments:
    • Phoenix Operating has permits for five Caddysack wells, NWNW 27-162-95, 
      • to be sited 410 FNL and 686 / 806 FWL; spacing units for all -- 1920-acre units.
    • Phoenix Operating has a permit for T Johnson Fed well, SESW 29-158-92, 
      • to be sited 365 FSL and 2008 FWL; 1920-acre unit.

Six permits renewed:

  • BR: four HBU Hazel permits, Haystack Butte, McKenzie County;
  • Formentera Operations: two RNL1 permits, Lignite; Burke County;