COP: US Shale Dominance -- Goal -- Hart Energy -- May 23, 2023

Locator: 44733INV.  

These are the kinds of stories I love.

Link here. Or go direct.

From TMDW.

COP (in the Bakken: wholly-owned subsidiary, Burlington Resources) -- is now followed here.

• 2022, fact sheet: Bakken -- 560,000 net acres.
  
• July 2, 2021: special call -- ten-year strategic plan following the acquisition of Concho
• 620,000 net acres in the Bakken
• currently no active rigs in the Bakken (link here)
  
• 3Q20: earnings call;
  
• CY2019, annual report; this link; 
  
• 2Q18: incredible earnings report; with two rigs in the Bakken, 82,000 bpd
• 1Q14: 620,000 net acres; 1,800 identified drilling locations based on 10-rig program
• 3Q12 earnings call: 620,000 net acres; 26,000 boepd; ramped up from five to eight rigs; 
• 626,000 net acres, COP/CEO at Houston conference, May 16, 2012
• 460,000 net acres (Investopedia, March 29, 2011; Annual Report, 2010)
• Looking to acquire more, Annual Report, 2010
• 8 rigs (May, 2012); looking to ramp up to 9 - 10 rigs (same link) 

Where have we heard "dominance" and "shale" before? Link here.

Five-year:

Max:

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

OXY:

• mkt cap: $54 billion
• p/e: 6.8
• div: 1.21%

COP:

• mkt cap: $126 billion
• p/e: 8.33
• div: 5.07%

DVN:

• mkt cap: $32 billion
• p/e: 5.35
• div: 9.18%

PXD:

• mkt cap: $50 billion
• p/e: 7.60
• div: 10.84