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Wednesday, October 18, 2023

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;

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