Days supply, US crude oil, link here:
- first week of December: has dropped to 27.7 days
- previous week: 27.9 days
- before that: 28.3 days
Enbridge dividend: Michael Fitzsimmons overs at SeekingAlpha.
- Somewhat unfortunately, I became an Enbridge shareholder when the company bought natural gas pipeline specialist Spectra Energy.
- I say unfortunately because while dividend growth has been good (until this year.), capital appreciation has been - like many energy companies - pretty much non-existent.
- The stock has been very weak after this week's 3% dividend increase. It should be - the payout ratio is too low.
- The good news for shareholders is that the current cap-ex plan for FY2022 is much more pragmatic. No more "pushing on a string" on big pipeline projects that get delayed for years in court.
If the writer is unhappy with Enbridge, he should check out Apple (AAPL).
*******************************************
Back to the Bakken
Active rigs:
| $71.67 | 12/10/2021 | 12/10/2020 | 12/10/2019 | 12/10/2018 | 12/10/2017 |
|---|---|---|---|---|---|
| Active Rigs | 31 | 15 | 54 | 64 | 53 |
No new permits.
Four permits renewed:
- See this link: https://themilliondollarway.blogspot.com/2021/04/40000-acre-permian-vs-4000-acre-bakken.html
- Enerplus: four LK-Quilliam permits in Dunn County. These permits were originally Hess permits; Enerplus has renewed these four "previous-Hess" permits.
- the wells will be sited in SESW 11-147-97;
Five producing wells (DUCs) completed:
- 37654, 3,145, MRO, Albert USA 31-5TFH,
- 36219, 1,595, Grayson Mill, Jake 2-11F 8H, Last Chance, no production data,
- 37415, 1,317, Kraken, Redfield Central LW 24-13 1H,Lone Tree Lake, no production data,
- 37887, 159, Crescent Point Energy, CPEUSC Burgess 2-14-23-158N-100W-MBH, Winner, no production data,
- 37884, 123, Crescent Point Energy, CPEUSC Burgess 3-14-23-158N-100W-MBH,Winner, no production data,
Definitive rig report: some notable observations --
- 31 active rigs being reported by the NDIC
- T&S Drilling 2 is new: Ballard Petroleum, Smalls 31-8, Bottineau;
- CLR with ten active rigs
********************************
Four Hess Permits Renewed By Enerplus
Scout ticket: one of four LK-Quilliam permits originally issued to Hess:
In the Friday, December 10, 2021, NDIC daily activity report: these "former Hess" permits were renewed by Enerplus:
No comments:
Post a Comment