Huge Day For Earnings Announcements; Kraken Reporting Two New Wells -- November 3, 2022

NOG: declares quarterly dividend, 30 cents, a 20% increase over prior quarter.

COP: EPS of $3.60 beats by 16 cents; increases dividend by 11%; $20 billion buyback; next quarterly dividend of 51 cents / share.

SRE: EPS of $1.97 beats by 19 cents; revenuee of $3.62 billion beats by $260 million; raises FY adjusted EPS guidance;

MDU: EPS of 75 cents misses by two cents; revenue of $1.98 billion, +24.5% y/y, misses by $20 million.

DVN: why it fell 12% yesterday, Motley Fool; 

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

The Far Side: link here.

WTI: $88.48

Natural gas: $6.077

Active rigs: 41.

Friday, November 5, 2022: 8 for the month, 44 for the quarter, 489 for the year.
38873, conf, Kraken, Nash 15-22 6H,
38520, conf, Whiting, Platt 44-28TFX,
38335, conf, Oasis, Soto 5097 12-3 4B,
35718, conf, Enerplus, FB Leviathan,

Thursday, November 4, 2022: 4 for the month, 40 for the quarter, 485 for the year.
38872, conf, Kraken, Knox LE 16-21 7H,
38871, conf, Kraken, Knox 16-21 6H,

RBN Energy: Targa built a leading midstream platform in the Permian. What's Next? Archived.

Bragging rights are a big deal in Texas, and we’re not just talking pride about the Astros’ annual rampage through baseball’s post-season. Getting to the top is also a source of immense pride for oil and gas midstreamers, and right now Targa Resources claims the bragging rights as the largest gatherer and processor of associated natural gas in the Permian Basin. Targa’s bold decision to build an integrated gas and NGL business, its timely infrastructure expansions through and after the pandemic, and a recent, accretive acquisition have resulted in a massive footprint where a stunning 25% of forecast Permian gas production growth is expected to take place. But strong competitors such as Enterprise Product Partners, DCP Midstream and Energy Transfer are nipping at Targa’s heels.