Friday, October 9, 2015

COP Declares Quarterly Dividend In Line With Previous Dividend -- October 9, 2015; Oldest North Dakota Well Back On-Line

For investors only:
  • ConocoPhillips declares $0.74/share quarterly dividend, in line with previous.
  • Forward yield 5.27%
  • Payable Dec. 1; for shareholders of record Oct. 19; ex-div Oct. 15.
A Devonian Monster Well

Another well has been added to the "Monster Well" list:
  • 3983, 234, Enduro Operating, North Dakota C A 3, a Devonian well, vertical, 320-acre spacing, t1/66, cum 1.37 million bbls; celebrating its 50th anniversary next January
Oldest Active Well In North Dakota Back On Line

Two payzone well, total production, ~ 2.29 million bbls since 1951; still active; celebrated its 64th anniversary in August, a couple of months ago.
  • 35, 503/PNA, Hess, Beaver Lodge-Devonian Unit H-310, s8/51; t4/52; Madison, 216K; PNA
  • 35, 263, Hess, Beaver Lodge-Devonian Unit H-310, t3/60; Devonian, 2.07 million bbls; still active; almost 1,500 bbls monthly, 8/14; around 1,000 bbls monthly in 2015; went inactive 12/13; back on line as of 8/15;
  • Note: #35 is the oldest well in North Dakota still producing; all but two or three wells earlier than #35 were dry.  Well #2 was completed in 1923; well #1 was completed in 1916, in Ward County; it tested positive for trace oil. the Clarence Iverson well that started it all was drilled in 1951.

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