Off The Net -- Going Swimming -- Back Around 11:00 A.M. CT -- July 28, 2022

TTE: profit more than doubles on high oil and gas prices. Link here.

Beyond Meat: McDonald's ends trial in Canada. Old story but had not previously posted. Beyond Meat down another 4% at open.

Ford: huge earnings report. Will raise dividend from 10 cents to 15 cents. Speaks volumes on company's cash flow, and expectations going forward. GM does not pay a dividend. 

Dow: opens up 86 points. All indices green?

WTI: $98.98.

Natural gas: $8.606.

VOD: comes out of Saudi Arabia today -- link here.

Oil, supply, demand: everyone is on same page of music: CVX, TTE, and Shell. Link here.

******************************
Back to the Shale Revolution

How about those rigs? Rig counts, Y charts:

• New Mexico rig count: 109
• North Dakota rig count: 36
  
• Texas rig count: 365
  

How about that production?

• New Mexico: 1.5 million bopd, link here.
• North Dakota: 1.1 million bopd.
• Texas: 5.0 million bopd, link here.

Gasoline demand, link here:

• the overall chart improves slightly, but,
• the data going forward looks really, really good

Natural gas fill rate, link here:

• I don't think it will happen, but it certainly appears working gas in underground storage could drop below the five-year minimum.