QEP WIth Two Huge Wells -- February 24, 2015; Several Bakken Operators Report Wednesday

Amber Renee off-line again; it turns out I had posted this before but forgot all about it. But not wanting to waste a post on an evening when I'm feeling really, really, ill, I will link it again. I follow the Amber Renee on many posts. 

Dividend news:

• SRE hikes annual dividend 6%, to 70 cents/share ($2.80 annual; reflects a yield of 2.5%)

Reporting Tuesday:

• First Solar (FSLR), forecast 76 cents; huge beat, $1.89/share; shares flat;
• QEP, forecast 25 cents; miss, 22 cents; shares slump; 
• SM Energy (SM): forecast $1.09, misses by 5 cents; $1.05/share; shares hold;
• Windstream (WIN): forecast 3 cents, meets income expectations, but misses on revenue; huge slump; 

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Big story and another example of North Dakota legislature having "its act together." Bakken.com is reporting:

Last Thursday North Dakota senators shot down a measure that aimed to further restrict and reduce flaring activity.
Senate Bill 2287 failed with 35 votes against and 11 in favor. The bill would have cut the amount of time a well is allowed to flare from one year to 90 days.

It also would have placed restrictions on the volume of natural gas flared each day and nullify some exemptions from the current policy.

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CLR's 4Q14 earnings presentation now available as a PDF over at CLR website.

OKE 4Q14 earnings transcript available at SeekingAlpha.

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Active rigs:

	2/24/2015	02/24/2014	02/24/2013	02/24/2012	02/24/2011
Active Rigs	124	189	181	204	168

Six (6) new permits --

• Operators: HRC (3), XTO (2), Crescent Point
• Fields: Four Bears (McKenzie), Tobacco Garden (McKenzie), West Ambrose (Divide)
• Comments:

Wells coming off confidential list today were posted earlier; see sidebar at the right.

Four permits expired: Zavanna Usher in Poe oil field (#24696); and, Slawson's Panther permit in Kittleson Slough (#24704). Two Oasis permits expired: Kuykendall in Foreman Butte (#24188), and Lake Trenton in Eightmile oil field (#24296).

One permit canceled: BR, a Golden Creek well in Dunn County (#17781).

Wells coming off confidential list Wednesday:

• 27038, conf, SHD, Canon 12-36H, Clarks Creek, no production data,
• 27394, A, Fidelity, Barnhart1 20-17H, Heart River, no IP, first production 8/14; cum 61K 1/15;
• 27902, 755, Emerald Oil, Lloyd Christmas 2-4-9H, Heart River, t8/14; cum 15K 12/15;
• 28277, 1,244, Emerald Oil, Lloyd Christmas 4-4-9H, Heart River, t9/14; cum 40K 12/14;
• 28488, conf, QEP, Severin 9-8-16-17LL, four sections,
• 28489, see below, QEP, Severin 1-16-17BH, Grail, a huge well,
• 28490, see below, QEP, Severin 2-16-17BH, Grail, a huge well,

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 27394, see above, Fidelity, Barnhart1 20-17H, Heart River:

Date	Oil Runs	MCF Sold
1-2015	13378	7223
12-2014	14845	8134
11-2014	5215	1537
10-2014	13409	3716
9-2014	11840	2644
8-2014	1983	0

Note production profile --

• 28277, see above, Emerald Oil, Lloyd Christmas 4-4-9H, Heart River:

Date	Oil Runs	MCF Sold
12-2014	7058	2158
11-2014	5004	0
10-2014	14286	0
9-2014	13577	0

28489, see above, QEP, Severin 1-16-17BH, Grail:

Date	Oil Runs	MCF Sold
12-2014	29115	37760
11-2014	20934	2256
10-2014	43680	0
9-2014	15405	0

28490, see above, QEP, Severin 2-16-17BH, Grail:

Date	Oil Runs	MCF Sold
12-2014	31046	27353
11-2014	16989	1443
10-2014	39982	0
9-2014	6246	0