Monday, August 24, 2026

Four New Permits; Four DUCs Reported as Completed -- August 24, 2026

Locator: 51535B. 

Canadian tariffs: the breakdown in negotiations has Doug Burgum's fingerprints all over it (based on Trumps tweets). Some months ago I suggested that Doug Burgum was the most important cabinet member Trump had. No one knows American-Canadian issues as well as Doug Burgum.

Canada: could easily lose 90,000 jobs over its "hate" of Trump. This (tariff talk) was a political decision led by the far left in Canada. 

US Supreme Court: sides with President Trump on mail-in ballots. 

Oil: agree completely with Hart Energy -- today's "oil shock" (and it's hardly a shock) could be tomorrow's glut. 

Of note and not a bit surprising:


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Back to the Bakken

WTI: $85.03.

Active rigs: 35. Another new recent high.

Four new permits, #43244 - #43248, inclusive --

  • Operator: Phoenix Operating;
  • Field: Charlie Bob (McKenzie)
  • Comments:
    • Phoenix Operating has permits for four Swenson Fed wells, NENE 31-146-98, 
      • to be sited 523 / 524 FNL and 552 / 642 FEL.

Four producing wells (DUCs) reported as completed:

  • 37224, n/d, XTO, Kulcyzk 43X-17H, Mountrail County;
  • 42245, 1,614, CLR, Addyson 7-23H, Williams County;
  • 42247, 2,318, CLR, Richmond 6-26H, Williams County;
  • 42248, 2,524, CLR, Olmpia 6-27HSL, Williams County;