WTI Closes Down; $80; Grayson Mill With Four New Permits; Four DUCs Reported As Completed -- January 24, 2023

HAL: raises dividend by 33%. 

Halliburton will raise its dividend by 33%, the company said on Tuesday, as the world’s largest fracking services provider beat analyst estimates for fourth-quarter performance. Halliburton bought back $250 million in shares during Q4 2022, and saw quarterly earnings of $0.72 per share—this compares to $0.36 per share in Q4 a year ago. HAL’s Q4 revenues came in at $5.58 billion, also beating analyst estimates and Q4 2021’s revenues of $4.28 billion. HAL’s Q4 profit was $656 million.

Reminder: earlier, SLB raised its quarterly dividend to 25.0 cents a share from 17.5 cents a share, with the new dividend payable April 6, 2023, to shareholders of record on February 8, 2023. That represented a 43% raise.

And now this: the best Jewish delis in the US, August 9, 2022.

I don't know NYC but I sort of know Los Angeles, and our favorite / most memorable deli in Los Angeles made the list: Langer's. 

Microsoft earnings: mixed. Shares surge after-hours.

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Back to the Bakken

Active rigs: link here. 46.

WTI: $80.16.

Natural gas: $3.261.

Four new permits, #39587 - #39590, inclusive:

• Operator: Grayson Mill
• Field: Briar Creek (McKenzie County)
• Comments:
• Grayson Mill has permits for four Niles wells in lot 2 section 19-152-104, 
• to be sited between 1798 FSL and 1888 FSL and all four 362 FWL

Five permits canceled:

• EOG: five Riverview permits in McKenzie County;

Four producing wells (DUCs) reported as completed:

• 36171, no IP, XTO, FBIR Lavern 42X-15BXC, Williams County;
• 36172, no IP, XTO, FBIR Lavern 42X-14CXD, Williams County:
• 36173, no IP, XTO, FBIR Lavern 42X-14H, Williams County;
• 38739, 906, Whiting, Rohde Federal 14-6-3X, Mountrail County;