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:

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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