Global Crude Oil Supply And Demand -- October 31, 2021

Link here.

In the graphic below:

• the double bars are quarterly; most recent is 3Q21;
• the bars are "supply" --
• the darker grey/blue bars: EIA estimate
• the lighter blue bars: OPEC estimate
• the lines are demand --
• the red line is demand, EIA estimate
• the blue line is demand, OPEC estimate
• comments:
• prior to CY19: supply/demand pretty much balanced
• huge production overhang when demand plummeted first quarter - second quarter, 2020
• for the past five quarters, demand has exceeded supply and the gap is fairly consistent
• a reminder: the price of the last bbl of oil determines the price of oil

Investopedia: note the date of this article and the authors' comment about OPEC's price target.

Say What? October 31, 2021

It was my understanding that the US, Japan, and others have been pushing for OPEC+ to produce more. 

Now this: 

Apparently he has one speech writer for the overseas crowd and another speech writer for the stateside folks.

We'll see WTI futures soon.

**********************************
Halloween

The twins, nineteen months old, are getting their final instructions before going out to trick or treat. 

I assume "socks and shoes" were part of the briefing. 

Two EOG Mandaree Wells Hit Milestone -- Four-Well Pad Updated -- October 31, 2021

The wells:

• 32514, 1,355, EOG, Mandaree 31-0706H, Squaw Creek, , t12/16; cum 633K 5/20; intermittent production in 2020; full production back as of 10/20; cum 693K 8/21; producing over 4,000 bbls oil per month this well went over 700,000 bbls of oil in October, 2021; 
• 32513, 1,910, EOG, Mandaree 24-0706H, Squaw Creek, t12/16; cum 546K 5/20; intermittent production in 2020; full production back as of 10/20; cum 599K 8/21; this well has gone over 600,000 bbls as of September, 2021 

The other two wells on this pad:

• 19004, 1,440 EOG, Mandaree 12-07H, Squaw Creek, t11/10; cum 212K 8/21;
• 32512, AB/1,505, EOG, Mandaree 30-0706H, Squaw Creek, t12/16; cum 310K 9/19;

No Update Regarding This Pad; One Monster Well; Waiting For The Other Three -- October 31, 2021

The well:

• 19296, 2,388, SHD, Golden 22-31H, Deep Water Creek Bay, TF Bench 1, 62 stages, 15 million lbs, t3/15; cum 781K 4/20; cum 828K 8/21;
• 31109, conf, SHD, Charging Wildcat 22-31H, Deep Water Creek Bay, no production data,
• 31110, conf, SHD, War Eagle 22-31H, Deep Water Creek Bay, no production data,
• 31111, conf, SHD, Luke Neset 22-31H, Deep Water Creek Bay, no production data,

Methane-To-Methanol -- A Halloween Treat For Pennsylvania And Texas-- October 31, 2021

In a long note there will be content and typographical errors, but there are plenty of links to the original sources.

A reader alerted me to this story. Several links. 

We start with this one: Nacero to build a $6 billion "gas to gasoline" plant in Luzerne County, Pennsylvania. 

For those of us in North Dakota, I had to look it up: northeast Pennsyvania, the largest city is Wilkes-Barre. I had forgotten all about this but years ago when our older daughter's family was moving from South Carolina to Boston, to avoid the Washington-Baltimore corridor, we swung to the west, traveling north on I-81, and staying overnight in the Wilkes-Barre area on the last leg to Boston. Wow, what a beautiful area of the country. There just is not enough time in one's life to enjoy everything this wonderful country has to offer.

But I digress.

Back to Houston-based Nacero, Inc. Data points:

• site of a former coal mine;
• $6 billion project;
• 3,500 construction jobs;
• 450 permanent high-tech jobs paying $85,000 / year
• methane to zero sulfure, 100% domestic, low- and net zero-carbon gasoline in existing ICEs without modification;

And, then look at this: Nacero will also build, what appears to be an identical Pennsylvania unit near Odessa, TX.

• announced April 22, 2021
• $6.5 - $7.5 billion Penwell GTG (see Pennsylvania story above)
• Penwell, Ector County, TX: Penwell is seventeen miles southeast of Odessa
  
• would be the first in the US to produce gasoline from natural gas, as well as the first in the world to incorporate CCS;

Nacero has let a contract to Haldor Topsoe AS to license the necessary technology to utilize more than just natural gas for its Penwell/Odessa project. Data points:

• contractor: Haldor Topsoe AS
• GTG (gas-to-gasoline)
• Topsoe Improved Gasoline Synthesis (Tigas) GTG technology
• will use a feedstock of low-cost natural gasoline, biomethane captured from farms and landfills, and mitigated flared natural gas from the Permian basin to produce 100,000 b/d of finished gasoline;
• that finished gasoline component will be ready for blending to US commercial grades
• much more at the link

More on Topsoe's TIGAS technology: link here.

Nacero has done this before: proven results in an identical unit of scale operating since 2019 at state-owned Turkmengaz's GTG complex at Ovadan-Depe near Ashgabad, Turkmenistan.

Other links:

• Motortrend, September 8, 2021, with graphics.
• Advanced Biofuels USA, June 1, 2021.
• Methane-to-Methanol, University of Michigan ties in with ARPA-E. Project term, January, 2014 - March, 2017. Also, Penn State, same project.
• And, of course, wiki.

If it works, could we see such a plant in the Eagle Ford or the Bakken?

Initial Production Data For Wells Coming Off Confidential List This Next Week -- Octobder 31, 2021

The wells:

• 36071, conf, Enerplus, Andesite 147-93-09C-04H, Moccasin Creek,
  

Date	Oil Runs	MCF Sold
8-2021	13876	7061
7-2021	9468	4972
6-2021	7541	4840
5-2021	21424	15123

• 37979, conf, Hess, EN-Joyce-LE-156-94-1721H-6, Manitou,
  

Date	Oil Runs	MCF Sold
9-2021	21832	0
8-2021	29596	51121
7-2021	33442	54380
6-2021	20926	26026
5-2021	47307	27719

• 35486, conf, Oasis, Nikolai Federal 5397 42-33 2B, Banks,
  

Date	Oil Runs	MCF Sold
8-2021	24135	80743
7-2021	27012	82939
6-2021	27616	79445
5-2021	11954	43355

• 36070, conf, Enerplus, Granite 147-93-09C-04H, Moccasin Creek,

Date	Oil Runs	MCF Sold
8-2021	18984	9664
7-2021	20278	10659
6-2021	20718	13337
5-2021	13032	9199

• 37365, conf,  Whiting, Sorenson 21-6-3H, Bully,
  

Date	Oil Runs	MCF Sold
8-2021	14575	34972
7-2021	19778	36866
6-2021	19790	40588
5-2021	20935	40594

• 36773, conf, Hess, CA-Russell Smith-155-96-2425H-8, Capa,
  

Date	Oil Runs	MCF Sold
9-2021	9319	0
8-2021	15160	23897
7-2021	13576	1435
6-2021	5312	9341
5-2021	17177	28008

• 36068, conf, Enerplus, Rhyolite 147-93-09C-04H-TF, Moccasin Creek,
  

Date	Oil Runs	MCF Sold
8-2021	15697	7991
7-2021	14516	7630
6-2021	15168	9764
5-2021	10507	7417

• 36772, conf, Hess, BL-A Iverson-155-96-1312H-10, Beaver Lodge,
  

Date	Oil Runs	MCF Sold
9-2021	16523	0
8-2021	14399	10811
7-2021	20373	14051
6-2021	8887	14211
5-2021	18246	27764
4-2021	5	812

• 36069, conf, Enerplus, Gabbro 147-93-16B-21H, Moccasin Creek,
  

Date	Oil Runs	MCF Sold
8-2021	31795	21165
7-2021	27800	19030
6-2021	30927	20890
5-2021	28213	12767

• 36066, conf, Enerplus, Pumice 147-93-16B-21H, Moccasin Creek,
  

Date	Oil Runs	MCF Sold
8-2021	17349	11524
7-2021	18884	12879
6-2021	15655	10574
5-2021	9677	4332
4-2021	2773	1476

Wells Coming Off The Confidential List This Next Week -- October 31, 2021

Monday, November 8, 2021: 10 for the month, 13 for the quarter, 264 for the year:
36071, conf, Enerplus, Andesite 147-93-09C-04H,

Sunday, November 7, 2021: 9 for the month, 12 for the quarter, 263 for the year:
37979, conf, Hess, EN-Joyce-LE-156-94-1721H-6, the EN-Joyce wells are tracked here;
35486, conf, Oasis, Nikolai Federal 5397 42-33 2B,

Saturday, November 6, 2021: 7 for the month, 10 for the quarter, 261 for the year:
38194, conf, CLR, TRex SWD,
36070, conf, Enerplus, Granite 147-93-09C-04H,

Friday, November 5, 2021: 6 for the month, 9 for the quarter, 260 for the year:
37365, conf,  Whiting, Sorenson 21-6-3H,
36773, conf, Hess, CA-Russell Smith-155-96-2425H-8,

Thursday, November 4, 2021: 4 for the month, 7 for the quarter, 258 for the year:
36068, conf, Enerplus, Rhyolite 147-93-09C-04H-TF,

Wednesday, November 3, 2021: 3 for the month, 6 for the quarter, 257 for the year:

• None.

Tuesday, November 2, 2021: 3 for the month, 6 for the quarter, 257 for the year:

• None.

Monday, November 1, 2021: 3 for the month, 3 for the quarter, 254 for the year:
36772, conf, Hess, BL-A Iverson-155-96-1312H-10,
36069, conf, Enerplus, Gabbro 147-93-16B-21H
36066, conf, Enerplus, Pumice 147-93-16B-21H,

Sunday, October 31, 2021: 28 for the month, 28 for the quarter, 251 for the year:

• None.

Saturday, October 30, 2021: 28 for the month, 28 for the quarter, 251 for the year:

• None.

Clearing Off The Desk -- October 31, 2021

Lana Del Rey: wow, wow, wow -- on the front page of National Review's online magazine.  Amazing.

US equity markets hit all-time highs; caps a winning October.

Speed: a reader sent me an interesting article on methamphetamine. An article in Dynomight had more background. Two things:

• see if you can come up with the 30-second soundbite why things suddenly got worse? It might surprise you.
• what product might you have in your house right now that (legally) contains metamphetamine? This will surprise you, unless you already know.

Canines: move over Taylor Swift. Country-western singer Eric Church is out-touring Taylor Swift despite Covid-19. How does he do it? Link to The WSJ. 

Global warming: the left's climate humiliation. They were expecting mandates, but they will have to settle for more corporate welfare. By the way, even Greta is skipping COP26 this year. She has moved on: to vaccine inequality. LOL. Link to The WSJ. Apparently her gig was getting stale. Looking for a new line. And then this: the empty spectacle of the UN climate-change summit: nothing will get done.

Glasgow: diesel generators will provide the electricity to charge twenty-six EVs.

MLB's worst nightmare: one of the following will get the trophy -- link here to The WSJ:

• the Houston Astro sign-stealing cheaters; or
• the Atlanta Braves: chop, chop; and the city from which the "woke" commissioner moved the All-Star Game to all-white Denver

Bitcoin, Texas-style: link to CNBC. From a reader, thank you. Key words:

• Rockdale, TX, population, 5,600; rural Texas; 
• it may be rural, but it's only an hour northeast of Austin, TX
  
• Bitdeer: a firm spun off from Chinese bitcoin mining giant Bitmain; steeped in mystery; hates visitors;
• Rio Blackchain: one of the biggest publicly-traded mining companies in America; transparent; loves visitors;
• both are tenants of property once occupied by Alcoa

*****************************************
Tiny Dancer

This is LA.

Tiny Dancer, Elton John

Apple Notes -- October 31, 2021

Microsoft: unseats Apple as most valuable company. Market caps:

• MSFT: $2.48 trillion;
• AAPL: $2.475 billion;

Desktops:

• if you are in the market for upgrading your desktop, one word of advice: wait.
• Apple has discontinued its smallest model (the 21.5") and now offers only the 24" and the 27" (the right thing to do, by the way -- if you want a smaller screen, buy a laptop; if you are buying a desktop, you want as big a screen as you can afford or for which you have space)
• the current Apple desktops are still Intel-based; Apple's laptops have the new M1 chips and have already improved those chips
• tea leaves suggest Apple will move to M1-based desktops next cycle;
• if you can afford it, the new M1-based desktops will be worth the wait; but,
• if you are looking for an incredible buying opportunity, the older Intel-based desktops will come down in price -- significantly
• in the old days, I always upgraded to an older model just as the new models came out; Apple computers "last forever"
• Later, November 2, 2021: as predicted. iMac Pro coming in 2022 with M1 Pro / Max chips. Link here. And, yes, I will upgrade.

Models: here are the two Apple desktop models: link to Apple.

MacBook Pro 2021 review: Sunday morning reading, from Joanna Stern, The WSJ: full-size ports, real function keys and other retro features, plus cutting-edge M1 Pro and M1 Max Chips, make the new MacBook Pro modesl the laptops to beat. 

Using my typical apps on the baseline $1,999 14-inch model with M1 Pro chip and 16GB of RAM, I couldn’t get the thing to slow down. Even when I simultaneously exported a video in Adobe Premiere, listened to music in Apple Music, played the racing game “Asphalt 9” and launched 30-something Chrome tabs, the thing never revved its fans.

***************************
That's The Way It Goes

A George Harrison cover.

That's The Way It Goes, Joe Brown

Planning To Fly Over The Holidays? I Wouldn't -- October 31, 2021

I just flew back to DFW from visiting our grandsons in Portland, OR. Once at PDX I checked the departure board and noted that one of the three flights to DFW was canceled. My flight was on time. I assumed AA re-scheduled those passengers on the canceled flight to the two flights still on time for DFW.

It turns out AA canceled over 1,000 flights over the weekend (link to The WSJ) due to "LUV winds" and staffing snafus.

Reuters also has the story. 

The airlines are hardly meeting current travel demand -- and it's well before Thanksgiving -- and are no way ready for that holiday, much less Christmas. Then, throw in the vagaries of winter weather. By the way, it appears the airlines may be "working" staffing issues by looking at "LUV winds." 

From SchrodingersTrades over at twitter: winds did delay my flight to Nashville by a few hours the other day. We stayed on the runway for almost 45 minutes. Huge line of planes. 

*************************************
Walk On

Roy Orbison.

Walk On, Roy Orbison

US Oil Economy; Investing Odds And Ends -- October 31, 2021

Clearing off the desk of items that have accumulated over the past three days.

Happy Halloween: from Nicole Saphier, MD, at twitter --

My kids' school sent a note saying they can wear Halloween costumes to school tomorrow as long as they don't cover the face because it will "hinder the learning environment."

Comment: she got a lot of push back on that: amazing how many people struggle with irony.

Investors: are buying oil on inflation fears, pushing prices even higher. Fund managers are buying energy futures to protect against inflation and creating a self-fulfilling prophecy in the process. From The WSJ. This may explain why there was not the usual sell-off in October.

Exxon Mobil: by raising its dividend, it maintains its status as a "dividend aristocrat," but don't be fooled. Exxon did not want to do that. 

For all the headlines, XOM raised its dividend by a measly 1.1%, raised its dividend one penny from 87 cents to 88 cents. Instead, increased its share buyback plans. May be good for long-term investors; traders can't be particularly happy. From The WSJ. And there are doubts XOM's current strategy is the right strategy.

From WAR52 over at twitter:

Some E&P top technicals: OAS, CVX, CRC, XOM, SD, ERF, EOG, CNX, MGY, BCEI/ XOG. These trading much lower might cause traders to flip short (?) 

Bottom technicals: VNOM, CLR, HES, EQNR, NOG, MCF, ESTE, GPOR, WTI, SBOW. Swing traders would be looking for these to turn up.

From $tockBaron over at twitter: 

I think there is more money that anyone cares to admit in the hands of very young inexperienced traders. But markets to generally elevate in times of inflation. If the markets returns stay higher than the inflation rate, is it really a problem?

The Permian: the world's swing oil producer. Re-posting. Link to Sankey Research at twitter.

This is what really struck me about XOM, CVX results today. Massive Permian growth while all other US basins decline and Canada shows no growth next year. Massive US, Texas economy. History of oil implications. Consider the number and capex outlooks.

White House briefing: what the heck are they even doing? Link here to Javier Blas at twitter.

Merck's planned acquisition of Acceleron Pharma, update: Merck will extend the deadling by about one week for shareholders to tender their shares. Link here.

China: Releasing Gasoline, Diesel From Reserves -- October 31, 2021

Something they probably wouldn't do if preparing for any major armed conflict. 

Link here.

If anyone can identify a better twitter feed for breaking news in global oil and gas than Giovanni Staunovo, let me know.

President Xi has not left China in twenty-one months; Covid is only part of the reason. Link here.

Mr. Xi’s recent absence from the global stage has complicated China’s ambition to position itself as an alternative to American leadership. And it has coincided with, some say contributed to, a sharp deterioration in the country’s relations with much of the rest of the world. 

Instead, China has turned inward, with officials preoccupied with protecting Mr. Xi’s health and internal political machinations, including a Communist Party congress next year where he is expected to claim another five years as the country’s leader. As a result, face-to-face diplomacy is a lower priority than it was in Mr. Xi’s first years in office.

Happy Halloween! October Surprise! Putin Does Have A Sense Of Humor! Perfect Timing! Graphic Of The Year? Let's Go, Brandon -- October 31, 2021

Updates

November 1, 2021: Russia is actually moving gas east out of Germany? "EU demand met in full." Gazprom says EU demand met in full after Mallnow flows reversed. Link here.  

Original Post

Link here.

Russian pipeline changes direction: energy politics come to the fore. Link to DNYUZ.

A weapon? From Reuters, "Russia is close to using natural gas as a weapon in Europe's gas crunch" -- a Biden administration energy advisor. The advisor may be a nominee for the 2021 Geico Rock Award. Don Trump saw this coming two years ago.

Saudi Is Back! Foreign Exchange Reserves And 3Q21 Earnings -- No October Surprise -- October 31, 2021

Link here. Released overnight:

No indications Saudi will raise output any time soon:

• they've been burned twice before on flooding the world with oil;
• they've voiced concerns about a new Covid variant slowing the global economy again;
• perhaps they cannot even if they wanted;
• to do so would require, lots of capital;
• they're doing incredibly well as things are; why spend more, to make less? See below.
• more than once Saudi has voiced concerns about depleting their one resource, taking it away from their grandchildren
• most recently, why would Saudi bail the world out when everyone else has cut back fossil fuel.

Aramco posts 3Q21 net income of $30 billion, up from $12 billion for same quarter one year ago.

Aramco said its stunning 160% jump in net income reflects the impact of higher crude oil prices and volumes sold and stronger refining and chemicals margins.

OPEC+ November meeting starts this week; no indication any member wants to relax quotas. Most have failed to even produce to their quotas. 

Later, November 1, 2021, from Argus Media: Saudi Arabia recorded its first quarterly budget surplus for more than two years in the third quarter on the back of higher oil revenues.

UND Hockey -- US Men's College Hall Of Fame -- Nashville, TN -- October 30, 2021

The teams:

• UND: ranked 6th
• Penn State: unranked

Favorite: Penn State

Final:

• UND: 4
• Penn State: 6
  

Anticipation -- October 30, 2021

Here we go: Dallas Cowboys vs Minnesota Vikings -- tomorrow night, Sunday night football.

Sports tonight;

• 5:00 p.m.: NASCAR junior varsity.
• 7:00 p.m. World Series, MLB, game 4.
• 7:00 p.m. college hockey, at Nashville, Hall of Fame, North Dakota (UND) vs Penn State;
• Penn State analyst has UND favored;
• I may have this wrong, but it appears UND is ranked #6 overall; Penn State, unranked;
• UND: recent series split with #7 Quinnipac (now #5); game preview.
  

Dear John: apparently union reaches deal with John Deere. Needs to be fact-checked.

ISO NE: link here -- a spike to $135 / MWh early this morning.

Weather:

Covid vaccine rollout:

• prior to "the Biden mandate," vaccinations were running about 750,000 / day;
• now, after "the Biden mandate," vaccinations are trending toward 1.6 million / day.
• administration is delivering significantly more doses to those administering the vaccine. 

Influenza surveillance, US: negligible. 

Price Of Bacon -- Official Government Figures -- October 30, 2021

Link here. 

Hopefully they update this chart sooner than later in 2022. 

But going back to when records first posted:

********************
Every Saturday Is Brandon's Day

Let's go, Brandon.

This Tells Me One Thing: The US Permian Is The Swing Producer -- October 30, 2021

The definition of a swing producer: 30/90. Not what you "can" do; but, rather, what you did. Talk is cheap.

From twitter: 

Comment:

• ESG vs energy poverty debate swinging to Big Oil.

Week 43: October 24, 2021 -- October 30, 2021

Top story of the week:

• Let's go, Brandon.

Top international non-energy story:

• Saudi foreign exchange reserves surge;
• Maria Mondoli has died;

Top international energy story:

• Aramco profits, revenue surge:
• The Permian is the global swing producer;
• Saudi pivots to natural gas.

Top national non-energy story:

Top national energy story:

• WTI briefly hits $85;
• Cushing trending toward empty; and, here;
• Drilling activity drops off a cliff;

Top North Dakota non-energy story:

Top North Dakota energy story:

• Thirty-one active rigs in North Dakota;

Geoff Simon's top North Dakota energy stories:

• Quick connects.

Operators:

• Oasis on a roll; Oasis Midstream announces merger with Crestwood Equity Partners;

Operations:

• MRO reports another monster well;

Wells:

• An old EOG well goes over 900K bbls;
• An old QEP wells goes over 600K bbls;
• An old Whiting Tarpon Federal well back on line;
• After being off line for more than a year, an old Whiting well comes back on line;
• An old Bruin Fort Berthold well goes over 610 K bbls;
• An old Oasis well goes over 700K bbls;

Fracking:

Pipelines:

Bakken economy:

Commentary:

Dividends Announced This Past Week -- October 30, 2021

Note: in a long note like this there will be content and typographical errors. If this is important to you, go to the source.

Increased dividends announced this week, October 25, 2021 - October 29, 2021. Link here.

• Alliance Resource Partners, 20 cents; payable 11/12/21;
• Armada Hoffler Properties, 17 cents; payable 1/6/22;
• Enterprise Financial Services, 20 cents; payable 12/31/21;
• Hess Midstream, 51 cents; payable 11/12/21;
• Matador Resources, 5 cents; payable 12/1/21;
• SB Financial Group, 11.5 cents; payable 11/26/21;
• Silicon Motion Technology, 50 cents; payable 11/24/21;
• Sirius XM, 2.2 cents; 11/29/21;
• Southern Copper Company, $1.00; payable 11/23/21;
• ACCO Brands, 7.5 cents; payable 12/15/21;
• Central Pacific Financial, 25 cents; payable 12/15/21
• Delek Logistics Partners, 95 cents; payable 11/10/21;
• Diamond Hill Investment Group, $20, payable, 12/10/21
• Getty Realty, 41 cents; payable 1/6/22;
• Principal Financial Group, 64 cents; payable 12/21/21;
• Rollins; 10 cents; payable 12/10/21;
• The First Bancshares, 16 cents; payable 11/26/21;
• Waste Conections, 23 cents; payable 11/23/21;
• Black Hills, 59.5 cents; payable 12/1/21;
• Churchill Downs, 66.7 cents; payable 1/7/22;
• DTE Energy, 88.5 cents; payable 1/15/22;
• Duke Realty, 28 cents; payable 11/30/21;
• Exxon Mobil, 88 cents; payable 12/10/21;
• First Bank, 6 cents; payable 11/19/21;
• Hercules Capital, 33 cents; payable 11/17/21;
• HomeTrust Bancshares, 9 cents; payable 12/2/21;
• Kearny Financial, 11 cents; payable 11/24/21;
• Marathon Oil, 6 cents; payable 12/10/21;
• Mid-Southern Bancorp, 4 cents; payable 11/26/21;
• Oasis Petroleum, 50 cents; payable 11/29/21;
• Selective Insurance Group, 28 cents; payable 12/1/21;
• Suncor Energy; 33 cents; payable 12/24/21;
• Triton International, 65 cents; payable 12/23/21;
• Visa, 37.5 cents; payable 12/7/21;
  
• Westwood Holdings Group, 15 cents; payable 1/3/22;
• Xilinx, reinstates dividend, 37 cents; payable 11/15/21;
• Artisan Parners Asset Management; $1.07; payable 11/30/21;
• B Riley Financial, $4.00; payable. 11/23/21;
• Capitol Federal Financial, 22 cents; payable 12/3/21;
• Carriage Services, 11.25 cents; payable 12/1/21;
• Comfort Systems USA, 13 cents; payable 11/23/21;
• Community Healthcare Trust, 43.50 cents; payable 11/26/21;
• First Northwest Bancorp, 7 cents; payable 11/26/21;
• Independent Bank Group, 36 cents; payable 11/24/21;
• Murphy USA, 29 cents; payable 12/1/21;
• Power Integrations, 15 cents; payable 12/31/21;
• Rockwell Automation, $1.12; payable 12/10/21;
• Standex International, 26 cents; payable 11/24/21;
• The Hartford Financial Services Group, 38.5 cents; payable 1/4/22;
• Voya Financial, 20 cents; payable 12/29/21;
• WestRock, 25 cents; payable 11/23/21;
  
• AbbVie, $1.41; payable 2/15/22;
• Arbor Realty Trust, 36 cents; payable 11/30/21;
• Boise Cascade, 12 cents; payable 12/15/21;
• Entergy, $1.01, payable 12/1/21;
• FS Bancorp, 15 cents; payable 11/24/21;
• Hawkins, 13 cents; payable 11/19/21;
• M.D.C., 50 cent; payable 11/24/21;
• Oshkosh, 37 cents; payable 11/29/21;
• Tennant, 25 cent; payable 12/15/21;
• West Pharmaceutical Services, 18 cents; payable 11/17/21;

The three companies not on the list above after reporting record earnings or huge earings:

• XOM, on the list above, raised its dividend but by only one cent;
• CVX; did not raise its dividend, though it did very recently;
• AAPL:
  

Active Rigs In North Dakota -- Thirty-One -- October 30, 2021

Note: in a long list like this there will be content and typographical errors. If this important to you, go to the source. 

The operators:

• CLR: 10
• Hess: 4
• MRO: 3
• Oasis: 2
• Whiting: 2
• Others with one each: 10 -- Slawson, Enerplus, Petroshale, Kraken, Bowline (Nine Point Energy), Hunt Oil, KODA, Sinclair, Ovintiv (Newfield, Encana), Iron Oil Operating

The rigs:

• CLR, #38147, Flint Chips FIU 12-5H, Dunn, 
• CLR, #38358, Dolezal FIU 7-5H, Dunn,
• CLR, #38496, Whitman FIU 9-23H2, Dunn,
• CLR, #38526, Thorp Federal 9-28HSL1, Dunn,
• CLR, #38613, Whitman 4-34H1, Dunn,
• CLR, #37908, Charolais South Federal 10-10H, McKenzie,
• CLR, 37001, LCU Reckitt Federal 6-22H, Williams,
• CLR, #37002, LCU Reckett Federal 5-22H1, Williams,
• CLR, #37013, LCU Ralph 4-7H, Williams,
• CLR, #37014, LCU Ralph 3-27H1, Williams,
• Hess, #37141, BW-Rolfson-151-98-2116H-6, McKenzie,
• Hess, #38176, AN-Norby-LE-152-94-0409H-1, McKenzie,
• Hess, #37145, BL-Olson-155-96-0310H-3, Williams, 
• Hess, #38004, CA-E Burdick-155-95-2932H-7, Williams,
• MRO, 38539, Eliza 21-18TFH, Dunn,
• MRO, 38573, Austin 11-18H, Duun,
• MRO, #37996, Christoph 41-4H, Dunn,
  
• Oasis, #38336, Soto 5097 12-3 5B, McKenzie,
• Oasis, #38381, Swenson Federal 51-97 43-35 3B, McKenzie,
• Whiting, #38409, Kannianen 11-5TFHU, Mountrail,
• Whiting, #37411, Miller 31-15-2H, Williams,
• Slawson, 38454, Rainmaker Federal 5-25-36TFH, Mountrail,
• Enerplus, #35493, FB Leviathan 151-94-27A-34-19T2, McKenzie,
• Petroshale, #36889, Clark Federal 2TFH, McKenzie,
• Kraken, #38558, Maddie LW 10-15-22 #1H, Williams,
• Bowline (Nine Point Energy), #37944, Missouri W 152-103-4-8-13H, Williams,
• Hunt Oil, #38519, Halliday 146-93-24-36H 1, Dunn
• KODA,  #37798, Stout 3427-3BH, Divide County
• Sinclair, #38493, Grassalnds Federal 14-15-1H, McKenzie
• Ovintiv (Newfield, Encana), 338546, Wisness State 152-96-16-21-5H, McKenzie,
• Iron Oil Operating, #38462, Antelope 2-17-20H, McKenzie
  

The MRO Flagg - Brusseau - Gracie Pad

One middle Bakken well; two Three Forks wells. 

One producing well (a DUC) reported as completed, Friday, October 30, 2021:

• 37800, 4,502, MRO, Flagg USA 11-3H, Reunion Bay, first production 5/21; t--; cum 171K 8/21;  

Other wells on this pad:

• 37801, 2,530, MRO, Brusseau USA 11-3TFH, Reunion Bay, first production, 4/21; t--; cum 130K 8/21; see this post;
• 37799, 2,679, MRO, Gracie SA 11-3TFH, Reunion Bay, first production, 5/21; t--; cum 171K 8/21;
  

Production;

• 37799:

ool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2021	31	23425	23332	19412	44153	42227	229
BAKKEN	7-2021	31	34729	34936	25258	54569	52259	0
BAKKEN	6-2021	30	52408	52193	38722	63267	59991	0
BAKKEN	5-2021	28	59991	59690	58144	62276	58442	201

• 37800:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2021	28	21812	21746	15632	34891	32732	758
BAKKEN	7-2021	31	34152	34246	20135	53960	51622	226
BAKKEN	6-2021	30	56139	56040	30358	70256	66917	0
BAKKEN	5-2021	27	58495	58053	42067	60178	56725	0

• 37801:
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2021	31	21367	21230	22211	31670	29754	558
BAKKEN	7-2021	31	27871	27820	29497	35481	33698	98
BAKKEN	6-2021	30	32563	32564	33582	39112	37182	0
BAKKEN	5-2021	30	41749	42116	55769	43482	41015	0
BAKKEN	4-2021	5	6491	5809	12412	5907	5510	0

Daily Activity Report --Two New Permits; MRO Reports A Monster Well -- Friday, October 29, 2021

Active rigs: in North Dakota, thirty-one active rigs, a new recent high. See the list. 

Active rigs:

$83.57	10/30/2021	10/30/2020	10/30/2019	10/30/2018	10/30/2017
Active Rigs	31	14	60	68	52

Two new permits, #38631 - #38632, inclusive:

• Operator: Lime Rock Resources
• Field: Stanley (Mountrail)
• Comments:
• Lime Rock Resources has permits for two Jon R wells in NWNE 16-155-91; 
• they will be sited 371 FNL and at 1636 FEL and 1806 FEL
• these are the first permits by Lime Rock Resources in North Dakota this year;
• these are the first permits in Stanley oil field this year;
  

One producing well (a DUC) reported as completed:

• 37800, 4,502, MRO, Flagg USA 11-3H, Reunion Bay, first production 5/21; t--; cum 171K 8/21;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2021	28	21812	21746	15632	34891	32732	758
BAKKEN	7-2021	31	34152	34246	20135	53960	51622	226
BAKKEN	6-2021	30	56139	56040	30358	70256	66917	0
BAKKEN	5-2021	27	58495	58053	42067	60178	56725	0

An Old EOG Well With An IP Of 67 Just Went Over 900K Bbls Crude Oil Cumulative -- October 29, 2021

The well:

• 22487, 67 (no typo), EOG, Hawkeye 02-2501H, Clarks Creek, t12/13; cum 889K 3/21; went offline 6/19;3-section spacing; 1,741 acres in the spacing unit; sister well to the well announced earlier with 200,000 bbls in less than 5 months; another 15,000-ft horizontal; trip gas over 4,000 units; remains off line 7/19; back on line 8/19; off line 11/19; remains off line 4/20; back on line 10/20; see this post; cum 906K 8/21; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2021	31	3185	3252	3170	25803	21602	0
BAKKEN	7-2021	31	3326	3915	3359	25283	21150	0
BAKKEN	6-2021	30	3402	2872	3181	22824	18855	0
BAKKEN	5-2021	31	3445	3361	3280	24376	20310	0
BAKKEN	4-2021	30	3494	3620	3296	28703	24702	0
BAKKEN	3-2021	31	4058	3980	3610	30523	26306	0
BAKKEN	2-2021	28	3820	3798	3370	26222	22487	0
BAKKEN	1-2021	31	4323	4346	3674	30117	25900	0
BAKKEN	12-2020	31	4893	6406	4350	29337	25140	0
BAKKEN	11-2020	30	5088	4042	4473	28833	24755	0
BAKKEN	10-2020	31	6481	7115	5367	30874	26703	0
BAKKEN	9-2020	5	1112	2016	279	7219	6909	0
BAKKEN	8-2020	21	5083	3523	3350	24747	24024	0
BAKKEN	7-2020	2	480	0	182	4230	4182	0
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	0	0	0	0	0	0	0
BAKKEN	4-2020	0	0	223	0	0	0	0
BAKKEN	3-2020	0	0	0	0	0	0	0
BAKKEN	2-2020	0	0	0	0	0	0	0
BAKKEN	1-2020	0	0	0	0	0	0	0
BAKKEN	12-2019	0	0	0	0	0	0	0
BAKKEN	11-2019	7	756	574	1187	6688	5615	214
BAKKEN	10-2019	20	2330	2297	3938	18209	14720	929
BAKKEN	9-2019	14	814	842	1287	6973	6334	338
BAKKEN	8-2019	30	3344	3279	5304	37977	34182	2714
BAKKEN	7-2019	0	0	0	0	0	0	0
BAKKEN	6-2019	0	0	0	0	0	0	0
BAKKEN	5-2019	29	4096	4273	5441	49131	36882	8532
BAKKEN	4-2019	30	4525	4617	5391	54991	48287	2733
BAKKEN	3-2019	25	3351	3246	4239	49303	35726	10651
BAKKEN	2-2019	28	4007	3880	7393	53974	46565	3709