Locator: 45474B.
MO: like clockwork, increases its dividend by more than 4%. Now pays 9%.
Market: I can't recall if I posted this on the blog earlier this morning or if it was in an e-mail note to a reader but while listening to JPow's speech in real-time ("live") I opined that his remarks would result in the market surging today. The market did not react as much and as quickly as I thought it would, but no complaints.
It's hard for me to believe that anyone thought JPow would say anything other than what he said.
Whatever.
At the close:
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Back to the Bakken
WTI: $79.83.
Active rigs: 32.
Seven new permits, #40152 - #40158, inclusive:
- Operators: Hess (7); Summit Carbon Storagge
- Fields: White Earth (Mountrail); wildcat (Oliver)
- Comments:
- Summit Carbon Storage has a permit for a TB Leingang well, SENE 18-141-87
- Hess has permits for three EN-Engebretson wells and three EN-Schroeder wells, SWSW 11-157-94;
- to be sited 836 FSL and between 491 FWL and 656 FWL
Four permits renewed:
- Zavanna: four Hunter permits, Foreman Butte, McKenzie County
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