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	10/27/2021	10/27/2020	10/27/2019	10/27/2018	10/27/2017
Active Rigs	29	14	57	67	53

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;