Iron Oil Operating, LLC is a small Williston Basin operator with a total portfolio of 18 wells, of which 3 are currently producing and 4 have been plugged. The company carries no pending cases, no high-probability permits, and no authorized wells as of late August 2026 — a flat permitting posture that stands in sharp contrast to its most recent regulatory action: a Salt Water Disposal authorization signed July 9, 2026 in the Parshall Field, Mountrail County. That single order tells most of the story — Iron Oil appears to be consolidating around its core Mountrail footprint, managing or monetizing produced water, and showing no near-term appetite for new drilling.
Iron Oil Operating's only recent order on record is Order No. 35837 — a Salt Water Disposal authorization signed July 9, 2026, covering the Parshall Field in Mountrail County. There are no pending cases, no scheduled hearings, and no development locations in the current docket. Parshall Field, Mountrail County is therefore the sole confirmed active regulatory footprint. (Context: Parshall Field is one of the Williston Basin's historically significant Bakken/Three Forks areas, making SWD infrastructure there strategically meaningful.)
The company holds 18 total wells. Of those, 3 are active and producing today, 4 have been plugged, and 3 are confirmed producing now. No wells are currently authorized for drilling. The plugged-well count exceeding the producing count is the most telling portfolio signal — it suggests an ongoing or recently completed abandonment program that has materially reduced the company's well inventory and associated future liability.
A single order defines Iron Oil's recent regulatory history: the July 9, 2026 SWD authorization in Parshall Field, Mountrail County (Order No. 35837). No additional cases, names, or convergence activity appear in the record. The SWD authorization is notable precisely because it is the company's only move — it signals where management attention and capital are currently directed.
Permitting momentum is flat across every measured dimension: zero pending cases, zero high-probability permits, zero authorized wells, and no upcoming hearings. Win-rate and average probability are both null, reflecting the absence of any recent contested or routine permit activity to score. At 90% confidence, the validated read is that this zero-momentum posture — against a backdrop of 3 producing wells — reflects either capital constraints, regulatory caution, or management's deliberate choice to harvest existing production rather than invest in new drilling.