Five New Permits; After Hours, WTI: $88.32; Earnings: Tesla, Netflix -- October 18, 2023

Locator: 45814INV.
Locator: 45814B.

Netflix earnings:

• subscriber numbers: big beat; 8.76 million vs 5.49 million
  
• shares: up 23.54, up 8%
• EPS: big beat; $3.73 vs $3.49
  
• rev: $8.54 billion vs $8.54 billion forecast
  
• will raise subscription prices
  

Tesla earnings:

• shares: dropped 5% during the day; after hours, another 1% down; shares after earnings, up very slightly
  
• miss top and bottom line
• adjusted margin 16.1%
• EPS: 66 cents vs 73 cents forecast
• rev: $23.35 billion vs $24.10 billion forecast

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Back to the Bakken

Active rigs: 37.

WTI: 88.32.

Five new permits, #40273 - #40277, inclusive:

• Operators: Empire North Dakota, Phoenix Operating (3), BR
• Fields: Starbuck (Bottineau); Burg (Williams); Twin Valley (McKenzie)
• Comments:
• Phoenix has permits for three Young wells, SENE5-159-99; 
• to be sited between 2243 FNL and 2303 FNL and all three 666 FEL;
• Empire North Dakota has a permit for a Nuthatch well, SWNE 29-161-78, 
• to be sited 1980 FNL and 2112 FEL
• BR has a permit for a Carlsbad well SWNW 17-152-97; 
• to be sited 1590 FNL and 1314 FWL

CO2 storage well completed:

• 28279, Dakota Gasification Company, Coteau 1, SWSW 1-145-88, DGC Beulah Broom Creek storage facility; Mercer County;