Things are getting exciting. There's a lot on everyone's plate.
Next week we will know if COP will continue to invest in the North Slope, Alaska. Perhaps. See this post.
Curious.
For COP: the North Slope generated one-fourth of COP's worldwide crude production:
- three legacy fields
- 218K boepd in 2019
How does that compare to the Lower 48?
If I'm reading the graphic correctly, for COP, liquids from the Bakken, averaged:
- 82,000 bbls/day
Compare with:
- Eagle Ford: 174,000
- Permian: 60,000
I may be reading the graphic incorrectly.
Concho Resources is producing about 200,000 bopd. Link here.
Of the fourteen or so active rigs in North Dakota, two of them are operated by BR. And that's all that BR needs to maintain production at current levels there.
COP very recently announced that it was maintaining its dividend (actually increasing it by one penny). Link here for dividend history.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
Earnings report for COP round-up:
- first announcement: EPS in-line; misses on revenue;
- SeekingAlpha: share price slides on 3Q20 loss on lower oil volumes, prices;
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Pancake Thursday
