3Q22 -- RBN Energy; WTI Rises; Always Darkest Before The Dawn -- December 8, 2022

Saudi Arabia: even before D5S, link here:

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Back to the Bakken

The Far Side: link here.

Active rigs: 43.

WTI: $73.70.

Natural gas: $76.10.

Friday, December 9, 2022: 21 for the month, 130 for the quarter, 674 for the year.
38896, conf, CLR, Bonney 11-3HSL,
38852, conf, Crescent Point, CPEUSC Lowe 4-18-19-158N-99W-MBH,

Thursday, December 8, 2022: 19 for the month, 128 or the quarter,   672 for the year.
38895, conf, CLR, Bonney 10-3HSL1,
38851, conf, Crescent Point, CPEUSC Lowe 5-18-19-158N-99W-MBH-LL,

RBN Energy: natural gas producers shine in another sterling quarter for US E&Ps. Archived.

Storm clouds may be gathering on the economic horizon as concerns about persistent inflation and looming recession roil markets and politics. But for oil and gas producers, the third quarter was the equivalent of a driver putting the top down under a flawless azure sky, dialing up the road tunes, and cruising without a care down an endless highway. Lower oil prices led to a dip in earnings and cash flow after a record-breaking second quarter, but cash still filled producers’ coffers at the second-highest rate in decades. In today’s RBN blog, we review the Q3 results of U.S. E&Ps and discuss what may lie ahead as those storm clouds move closer.

Let's repeat: 

Storm clouds may be gathering on the economic horizon as concerns about persistent inflation and looming recession roil markets and politics. But for oil and gas producers, the third quarter was the equivalent of a driver putting the top down under a flawless azure sky, dialing up the road tunes, and cruising without a care down an endless highway. Lower oil prices led to a dip in earnings and cash flow after a record-breaking second quarter, but cash still filled producers’ coffers at the second-highest rate in decades. In today’s RBN blog, we review the Q3 results of U.S. E&Ps and discuss what may lie ahead as those storm clouds move closer.