MRO With Two New Permits; Eighteen Permits Renewed; Four DUCs Reported As Completed; Home Depot 4Q21 Earnings -- Topped Forecasts By Significant Margin -- Two's Day -- 2-22-22

Home Depot: 4Q21 beats.

• Home Depot on Tuesday said sales grew 11% in the fiscal fourth quarter, as it topped Wall Street’s expectations and said it sees sales growth ahead for 2022.
• The home improvement retailer said it expects earnings per share growth to be in the low single digits and sales growth to be “slightly positive” in the coming fiscal year.
• boosts dividend by 15%.
  

FANG: posts higher profit; boosts dividend by 20%, to $2.40 / share (annual); link here.

Well permits: January's total permit count for oil and gas wells in the US is the second-lowest in the last ten years. Link here. Let's go Brandon. White House response:

• "we're monitoring the situation"
• "what's proper temperature to chill champagne?"
• ESG: energy stop growing
  

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Back to the Bakken

Active permits:

$92.35	2/22/2022	02/22/2021	02/22/2020	02/22/2019	02/22/2018
Active Rigs	31	15	54	66	56

Two new permits, #38790 - #38791, inclusive:

• Operator: MRO
• Field: Bailey (Dunn)
• Comments:
• MRO has permits for a Dunford well and a Beesaw well in Bailey oil field; 
• Dunford, NWNW 15-146-93, 767 FNL and 936 FWL; 
• Beesaw, SESE 9-146-93, 404 FSL and 1246 FEL

Eighteen permits renewed:

• Hess (12): four SC-Bingeman permits and one SC-JW Hamilton permit, all in Williams County; three EN-Kiesel permits in Mountrail County; and, four AN-Lone Tree permits in McKenzie County;
  
• Rimrock (3): three Moccasin Creek permits in Dunn County;
  
• Murex (2): a Michael Douglas permit and a Patricia Ann permit, both in Williams County;
  
• EOG:a Hardscrabble permit in Williiams County
  

Four producing wells completed:

• 38185, 1,073, CLR, Tallahassee FIU 7-21H, Baker, minimal production;
  
• 38186, 998, CLR, Tallahassee FIU 6-21H, Baker, minimal production;
• 38187, 1,214, CLR, Tallahassee FIU 5-21H, Baker, minimal production;
• 38188, 1,165, CLR, Tallahassee FIU 4-21HSL, Baker, minimal production;