Friday, August 25, 2023

TGIF, Part 3 -- August 25, 2023

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:

*************************************
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

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.