The Million Dollar Way (The Bakken Oil Blog)

Thursday, February 17, 2022

Fun And Games -- February 17, 2022

Ukraine -- February 17, 2022

6:21 p.m. CT: An RC-135 -- Rivet Joint -- has just departed Souda Bay on the north side of Crete (Greece) headed north, obviously to Ukraine theater of operations. Call sign: Homer-Five-One.

Later, 3:17 a.m. CT, Friday morning, February 18, 2022: a significant increase in commercial air traffic over Ukraine, most of it in the west. An active Global Hawk; no River Joint.

A Closer Look At The Five DUCs Reported Completed Today -- February 17, 2022

From today's daily activity report.

Five producing wells (DUCs) reported as completed:

37242, 3,567, MRO, Denny 11-3TFH, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2021	24	29407	29448	36588	24516	22462	0
BAKKEN	11-2021	3	6561	6348	10091	4015	3581	0

37156, 4,122, MRO, Lowry 44-9TFH, Killdeer, 20K over 8 days extrapolates to 76K over 30 days:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	12-2021	30	31120	30999	37120	26399	24180	99
BAKKEN	11-2021	8	20191	20030	25503	14314	13028	0

38189, 1,102, CLR, Tallahassee FIU 8-21HSL, Baker, minimal production reported;
38396, 1,330, CLR, Dvirnak 10-7HSL1, Corral Creek, no production reported;
38320, 995, CLR, Dvirnak 11-7H, Jim Creek, no production reported;

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For My Brother-In-Law In Montana

US Government Releases Whopping Number Of Covid-19 Vaccine Doses Today -- February 17, 2022

Link here.

On occasion, the numbers released are incorrect and updated at a later date by the CDC.

Government generally distributes between 600,000 doses and one million doses per day, Monday through Thursday. Today, the government distributed / released a whopping 6,839,380 doses (fourth column, column B, change from day before). That represented almost one million more doses than the entire previous week (eighth column, line 6, with 6,077,570 doses for the entire 7-day week):

Screenshot of recent vaccine data.

		A	B	C	D	F
		Doses of vaccine distributed to health facilities	Change from day before	Vaccinations given	Change from day before	Percent of distributed vaccine that is actually administered	Doses received in past week, current Monday from previous Tuesday	Average number of doses given / day in past seven days
Thursday	February 17, 2022	684,648,105	6,839,380	548,934,364	542,750	80.18%
Wednesday	February 16, 2022	677,808,725	610,500	548,391,614	442,958	80.91%
Tuesday	February 15, 2022	677,198,225	547,300	547,948,656	502,492	80.91%
Monday	February 14, 2022	676,650,925	100	547,446,164	336,440	80.91%	6,077,570	546,667
Sunday	February 13, 2022	676,650,825	31,100	547,109,724	485,061	80.86%
Saturday	February 12, 2022	676,619,725	855,300	546,624,663	643,126	80.79%
Friday	February 11, 2022	675,764,425	1,088,700	545,981,537	504,417	80.79%
Thursday	February 10, 2022	674,675,725	1,067,480	545,477,120	704,423	80.85%
Wednesday	February 9, 2022	673,608,245	1,817,280	544,772,697	633,331	80.87%
Tuesday	February 8, 2022	671,790,965	1,217,610	544,139,366	519,874	81.00%
Monday	February 7, 2022	670,573,355	100	543,619,492	399,448	81.07%	4,254,060	611,742
Sunday	February 6, 2022	670,573,255	100,800	543,220,044	544,677	81.01%
Saturday	February 5, 2022	670,472,455	154,000	542,675,367	675,567	80.94%
Friday	February 4, 2022	670,318,455	1,005,215	541,999,800	684,801	80.86%
Thursday	February 3, 2022	669,313,240	1,005,215	541,314,999	684,801	80.88%
Wednesday	February 2, 2022	668,308,025	1,213,660	540,630,198	709,076	80.90%
Tuesday	February 1, 2022	667,094,365	775,070	539,921,122	583,826	80.94%
Monday	January 31, 2022	666,319,295	-100	539,337,296	507,376	80.94%	6,422,580	575,732

Best Thread Ever; Five DUCs Reported As Completed; No New Permits -- February 17, 2022

Best thread ever. Wow, it took them a long time to come around to what we've been saying for quite some time. Like the past ten years.

And from that thread, from Bloomberg, rigs don't matter (don't take that out of context):

And, more:

We've also said this for years, link here:

And that $72 for Saudi Arabia is low-balling it. Some years ago, it was $100.

Link here.

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Back to the Bakken

Active rigs:

$91.76	2/17/2022	02/17/2021	02/17/2020	02/17/2019	02/17/2018
Active Rigs	33	15	56	64	56

No new permits.