Back To The Bakken -- October 28, 2022

Wow, wow, wow: go woke, go broke. Third quarterly loss in a row. A year the fund's manager made the conscious decision to pivot to renewable energy because that's what the Norwegian people wanted.

Dow: jumps 250 points. I wonder why? Read on.

Earnings:

• XOM: e$3.88. Record profit for second straight quarter
• earned $18.7 billion; up 6% from second quarter which had been the record
• up 177% from a year ago
• EPS: $4.45 -- soared past the $.379 forecast by Refinitiv
• at Schwab, up $3.06; up 2.84%;
  
• CVX: e$5.02. Actual: soars. $11.2 billion quarterly profit; second-highest quarterly proft ever; $5.78 EPS vs Wall Street's estimate of $4.86.
• operating profit surged 81%
• refining? Doubled.
• at Schwab, Up $3.82 / share, 2.2%;
  
• ABBV: e$3.56. Mixed earnings report. Stock slides. 
• adjusted, came in at $3.66 against a FactSet f $3.57
• at Schwab, down over 6%;

AAPL:

• at Schwab, holy mackerel! Up $6.27; up 4.33%
• analysts finally took a good luck at those numbers
• I can buy each of the twins a new pair of winter boots
  

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Back to the Bakken

The Far Side: link here.

WTI: $87.97.

Natural gas: $5.679.

Active rigs: 44.

Wednesday, November 3, 2022: 2 for the month, 38 for the quarter, 483 for the year.
38870, conf, Kraken, Dragseth 9-4 2H ,

Tuesday, November 2, 2022: 1 for the month, 37 for the quarter, 482 for the year.
None.

Monday, November 1, 2022: 1 for the month, 37 for the quarter, 482 for the year.
38891, conf, CLR, Lime Rock Resources, Hansen B 18-19-2TFH,

Sunday, October 30, 2022: 36 for the month, 36 for the quarter, 481 for the year.
38892, conf, Lime Rock Resources, Hansen B 18-19-3TFH,
38400, conf, CLR, Hess, EN-J Horst-154-93-1112H-4,

Saturday, October 29, 2022: 34 for the month, 34 for the quarter, 479 for the year.
38893, conf, Lime Rock Resources, Hansen B 18-19-4TFHL,
38817, conf, CLR,Bonneville 11-23HSL,
38399, conf, Hess, EN-J Horst-154-93-1112H-3,

Friday, October 28, 2022: 31 for the month, 31 for the quarter, 476 for the year.
None.

RBN Energy: hubs seen as critical part of carbon capture's evolution.

Prior to the adoption of the assembly line, automotive production was slow and expensive, with Ford needing about 12 man hours of labor to do the final assembly for each new car. With Henry Ford’s installation of the first moving assembly line for mass production in December 1913, followed by additional refinements in future years, the average time dropped to about 90 minutes, with manufacturing costs also falling significantly. Those are the types of improvements in cost and efficiency the carbon-capture industry — which to date has been largely limited to smaller, individual projects — is anticipating as hub-style projects gain wider acceptance and begin to take shape. In today’s RBN blog, we look at the two basic concepts for carbon-capture hubs, the key advantages of the hub approach, and the complications inherent in that strategy.

Actually pipelines are kinda important and "everybody" is now against pipelines. This carbon capture stuff is in for a long tough ride.