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Wednesday, October 27, 2021

Three MRO DUCs Reported As Completed; BR Renews Permits For A 10-Well Pad -- October 27, 2021

Suncor: "crushes" it. Link here. And, here. And, here. Reuters:

  • Suncor is Canada's number 2 oil and gas producer
  • doubles dividend; dividend now at pre-pandemic levels;
  • oil price surge powers profit
  • net profit: $710 million
  • 47 (US) cents
  • produced 698,600 boepd (compare with 331,000 boepd for CLR)

Covid vaccine rollout: holy mackerel. Greatest number of vaccines given in 24 hours hits new record. Recorded over one million vaccinations being given in past 24 hours.

F: Ford stock jumps on 3Q21 earnings beat; guidance boost, dividend reinstated; much stronger-than-expected set of 3Q21 earnings. Yesterday, called it. See this post.

GM: profit sinks. Blame it on the semiconductor shortage.

Natural gas: up another 34 cents; closed at $6.22 / MMBtu.

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Back to the Bakken

Active rigs:

$82.06
10/27/202110/27/202010/27/201910/27/201810/27/2017
Active Rigs2914576753

No new permits.

Ten permits renewed:

  • BR (10): a ten-well pad in lot 2 section 6-149-96; Parrish - Boxer

Three DUCs reported as completed:

  • 37790, 2,679, MRO, Kulland USA 41-4TFH, Reunion Bay, see this note;
  • 37791, 3,748, MRO, Lindley USA 41-4H, Reunion Bay, see this note;
  • 37788, 4,604, MRO, Gracie USA 11-3TFH, Reunion Bay, see this note;

2 comments:

  1. I think XOM should buy HES. Look at the scale they would have in the Bakken and in Guyana. Plus get rid of the HES corporate office (G&A).

    Let's do it. Chop, chop.

    ReplyDelete
    Replies
    1. Everything I've read suggests XOM is going "green." I doubt their new activist board members want to buy another oil company. Especially one that has a market cap of $30 billion.

      Delete

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