Three Wells Coming Off Confidential List -- September 21, 2023

Locator: 45518B.

WTI: $89.01

Friday, September 22, 2023: 104 for the month; 306 for the quarter, 551 for the year
39064, conf, Hess, TI-Hanson-LE-158-94-0706HH-1,
37263, conf, Whiting, Wilson Federal 31-15-2H,

Thursday, September 21, 2023: 102 for the month; 304 for the quarter, 549 for the year
39621, conf, Crescent Point Enery, CPEUSC Farthing 2 30-31-158N-100W-MBH,
39556, conf, CLR, Fuller 9-2H1,
38034, conf, Petroshale, Tahu 3TFH, 

RBN Energy: E&P profits hit two-year low, but rising prices are improving outlook.

Is the glass half-full or half-empty? The answer to that age-old question usually indicates whether a particular situation is a cause for optimism or pessimism. That question is particularly appropriate when trying to place in perspective the cyclical movement of the earnings and cash flows of U.S. exploration and production (E&P) companies, including returns that have steadily declined with commodity prices over the last year. In today’s RBN blog, we analyze Q2 2023 E&P earnings and cash flows and provide some perspective on the past and future profitability of U.S. oil and gas producers.