Twenty-Five Permits Renewed; WTI Plummets 4% During The Day; Recovers A Bit By End Of Day -- August 8, 2018

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Title : Twenty-Five Permits Renewed; WTI Plummets 4% During The Day; Recovers A Bit By End Of Day -- August 8, 2018
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Twenty-Five Permits Renewed; WTI Plummets 4% During The Day; Recovers A Bit By End Of Day -- August 8, 2018

Fast and furious:
************************************ 
Back to the Bakken

Active rigs:

$66.94 8/8/2018 08/08/2017 08/08/2016 08/08/2015 08/08/2014
Active Rigs 65 56 34 73 193

Eight new permits:
  • Operators: WPX (6); BR (2)
  • Fields: Squaw Creek (McKenzie); Corral Creek (Dunn)
  • Comments: WPX has permits for a 6-well pad in SESE 23-149-94; BR has permits for a 2-well Prairie Roas/Meriwether pad in Lot 2/section 30-147-95;
Twenty-five permits renewed:
  • Crescent Point Energy (8): four CPEUSC Jean permits; four CPEUSC Tami permits in Williams County
  • BR (4): four Ivan permits in McKenzie County
  • Hess (3): three BL-Myrtrice permits in Williams County
  • Statoil (3): three Martin permits Williams County 
  • Petro-Hunt (2): two Noonan Federal permits in McKenzie County
  • Resource Eenrgy: one Marshall permit in Divide County
  • MRO: one Jan permit in Mountrail County
  • Zavanna: one Raven permit in McKenzie County
  • BTA Oil: one Audrey permit in Golden Valley County
  • Denbury Onshore: one CHSU permit in Bowman County
Three producing wells (DUCs) reported as completed:
  • 33743, n/d, Bartelson Federal 44-31-4H, Sanish, t-- ; cum --
  • 33745, n/d, Bartelson Federal 44-31-3TFH, Sanish, t-- ; cum --
  • 34106, 2,051, Whiting, Ellis 24-31-2H, Epping, t7/18; cum --


Thus Article Twenty-Five Permits Renewed; WTI Plummets 4% During The Day; Recovers A Bit By End Of Day -- August 8, 2018

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