The Energy And Market Page, Part 3, T+290 -- November 7, 2017

Bakken announcement: as previously "forecast," WPX reports a huge well:

• 32600, 2,306, WPX, Ruby Parshall 31-30HZ, Antelope, 41 stages; 6.1 million lbs, t9/17; cum 42K 9/17;

Monthly Production Data:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
SANISH	9-2017	27	41626	41499	29127	51450	28117	1874

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The markets: the Dow eked out another record setting day -- it was negative all day and then just barely went green near the close; closed up 5 points to settle at 23,553. NYSE with 167 new highs, including: Boeing (will this one ever quit going up?); Concho Resources (a favorite of Mike Filloon's); COP (whoo-hoo); Deere (again); KB Homes; McDonald's; Pembina Pipeline (in the news today); SRE (whoo-hoo).

• new lows: 63
• others of note: 
• CVX: flat at $117; 52-week high is $120; pays almost 4%
• RDS-B: a bit of profit taking, down a bit of 1% today; at $46.67; 52-week high, $67.40; pays a whopping 5.71%;
• UNP: flat; at $117; 52-week high, $119.71; pays 2%

Railroads: increased demand for coal, sand help BNSF boost earnings.

• revenue: $5.31 billion
• net earnings: $1.04 billion
• up 4.7% and 2.2% respectively compared to one year ago
•  pace of growth slower than first two quarters of 2017
• the resurgence of coal boosted revenue for the rail company