Hess Reports A Huge Well In Manitou Oil Field -- May 5, 2021

WTI: up another 1.25%; up almost a dollar; trading at $66.51.

Three best oil stocks to buy today, Motley Fool: Chevron, Devon, COP. All three made substantial deals in 2020.

We're outta here. US Steel cancels $1.5 billion Pennsylvania project. Link here. This wasn't even a green-field project; plans to upgrade an older facility delayed by regulators.

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.

COP:

• transcript here;

SRE:

• transcript here;
  
• EPS: beats by 25 cents;
• revenue: miss by $100 million on $3.26 billion; revenue actually increased by 7.6% year-over-year;
• guidance : re-affirmed
• shareholders? not happy; shares drop 1.3%; I consider SRE a $124/share company; currently trading at $136;
• needs to mitigate California litigation risk

Tweet this: US Army blocks promotion of SD attorney general. Link here. Note "where" it gets reported. 

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Back to the Bakken

Active rigs:

$66.51	5/5/2021	05/05/2020	05/05/2019	05/05/2018	05/05/2017
Active Rigs	17	25	64	62	50

Two wells coming off confidential list -- Wednesday, May 5, 2021: 9 for the month, 33 for the quarter, 114 for the year:

• 37832, drl/NC, WPX, Dakota 1-36HY, Mandaree, no production data,
• 36601, F/A, Hess, EN-Anderson-LE-156-94-1820H-10, Manitou, first production, 11/20; t--; cum 102K 3/21;

RBN Energy: getting Permian crude oil to wherever it needs to go, part 3. 

Every day, another 4.5 million barrels of Permian crude oil begin the journey from wells in West Texas and southeastern New Mexico to refineries in the U.S. and abroad. For most of that oil, it’s no simple trek. Not only does it wend its way through gathering systems and shuttle pipelines to nearby hubs, it often needs to be directed between terminals within those hubs to reach the specific outbound, long-haul pipe that will take it to where it needs to go. We get it — you probably don’t need to know about every nook and cranny in the multi-terminal hubs at Midland, Crane, Wink, and elsewhere in the Permian, but it sure would help to understand generally how the flow of oil to market works, and why a terminal’s ability to provide destination flexibility is so crucial. Today, we continue our series on Permian hubs and terminals with a real-world example of how a barrel of Delaware Basin crude oil moves to Corpus Christi, Houston, or Cushing.