Monday, October 31, 2022

Back To The Bakken -- CLR With Two More Permits -- Arthur/Hegler -- October 31, 2022

WMB:

  • higher 3Q22 earnings; driven by natural gas demand;
  • forecast: 44 cents
  • actual: 49 cents GAAP; adjusted, 48 cents
  • cash flow of $1.5 billion, up 656 million or almost 80% y/y
  • trading at $33; 52-week high, $38
  • p/e: 26, compare with AAPL, also at 25 - 26;
  • yield: 5.2%
  • dividend unchanged;

Tomorrow, ticker (forecast earnings):

  • LLY ($1.97), PFE ($1.47), MCK ($6.13),
  • BP ($1.94), MPC ($$6.80), EPD ($0.61), ET ($0.30)
  • DVN ($2.13), PSX ($4.98)
  • OKE ($0.93), CNP ($0.31), SUN ($1.14)
  • UBER (a loss of $0.17),
  • AMD ($0.55),
  • and so many more

While waiting for the daily activity report, this with regard to Apple:


Recession? What recession? Link here. And October is supposed to be the worst month for the market (e.g., Black Friday decades ago that everyone remembers). And, this, despite META, a most widely held stock.

***************************
Back to the Bakken

Active rigs: 43.

WTI: $86.10.

Natural gas: $6.289.

Two new permits, #39359 - #39360, inclusive:

  • Operator: CLR
  • Field: Little Knife (Dunn County)
  • Comments:
    • CLR has permits for one more Arthur well and one more Hegler well, SWSW 12-146-97; 
      • to be sited 500 FSL and one at 887 FWL and one at 1022 FWL

One producing well (a DUC) reported as completed:

  • 36182, n/d, XTO, Olaf 42X-11C, Capa, 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN8-202200890000
BAKKEN7-2022104330000
BAKKEN6-2022352207964105501055

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