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.

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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, 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2022	0	0	89	0	0	0	0
BAKKEN	7-2022	1	0	433	0	0	0	0
BAKKEN	6-2022	3	522	0	7964	1055	0	1055