IRA rules: finally, a nice explanation. For those who inherited an IRA, this is a must-watch issue. Still pending.
IRA rules: raising age for RMDs. Possibly not as good as expected but better than no change. Link here. Still pending.
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Back to the Bakken
Director's Cut to be released today.
The Far Side: link here.
WTI: recovering.
Natural gas: full speed ahead.
Active rigs: 47.
Wednesday, August 17, 2022: 10 for the month, 41 for the quarter, 380 for the year
- 38002, conf, Hess, CA-E Burdick-LE-155-95-29H-1,
Tuesday, August 16, 2022: 9 for the month, 40 for the quarter, 379 for the year
- 36640, conf, Hess, BL-S Ramberg-LS-155-95-0601H-1,
RBN Energy: Devon Energy investing in broad-based "portfolio renewal." Archived. My original post on Devon and where I track Devon.
Buoyed by still-elevated crude oil, natural gas and NGL prices — and discipline on capital spending and production growth — U.S. E&Ps have been generating unprecedented cash flow and using much of that bounty to reduce debt, increase dividends and buy back shares. A number of producers have also been investing some of that cash to expand their holdings, mostly to complement their existing acreage in the Permian and other plays and thereby allow for increased efficiency and, in many cases, longer laterals. Few have been doing more in this regard lately than Devon Energy, the Oklahoma City-based E&P, which completed a big bolt-on acquisition in the Bakken in late July and just followed that up with a plan for an even bigger buy in the Eagle Ford. In today’s RBN blog, we look at the company’s strategy.
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