Locator: 51751B.
Uinta: California Resources has sold Uinta basin assets for about $90M.
The operation is a small part of the business–2.5% of oil production and 8% of natural gas production in 2Q.
The CEO last month told analysts “it’s hard to see allocating a lot of dollars back into the Uinta” with a focus on building its California network. Tracked here to some extent but not updated in a long time.
Chart of the day:
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Back to the Bakken
WTI: $101.30.
Active rigs: 33.
Two new permits --
- 43310, KODA Resources, Amber 1704-7BH, SEE 17-160-103, Fertile Valley;
- 43311, CLR, Peterson 10-29HSL, NENW 21-156-99, East Fork;
Two producing wells (DUCs) reported as completed:
- 41847, 1,075, BR, Rolla 6F, McKenzie County;
- 42446, 572, Petro-Hunt, Hoiby 158-94-4C-3-4H, Mountrail County.