Laser-Focused On Dividends -- October 23, 2023

Locator: 45803INV.

While writing this blog a reader asked about publicly-traded E&P companies with market cap of $25 billion to $75 billion. Two names plus two more names that are less than $25 billion but still interesting:

• Devon
• FANG
• Civitas
• APA

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Links

Kiplinger.

Seven best energy stocks now -- today -- September 6, 2023.

• Schlumberger
• Phillips 66
• Pioneer Natural Resources -- being bought by XOM
• EOG -- being bought by CVX (announced October 23, 2023)
• COP
• Valero
• Cheniere Energy

Energy Intelligence. 

Oil Permian players take a dip into gas-rich plays -- September 16, 2022.

A handful of Permian Basin producers known for their oil output are moving to test the Barnett Shale and other gassy zones on their acreage as stronger commodity prices support delineation.

Most recently, Pioneer Natural Resources CEO Scott Sheffield said last week the company would begin testing the Barnett and Woodford formations deep in its Midland subbasin acreage next year.

“It’s important to understand what we have, where natural gas prices may end up long term,” Sheffield said at the Barclays CEO Energy-Power Conference, noting that returns from the gassier formations may not be as good as those in the Spraberry-Wolfcamp oil plays. He also said that while the formations have been tested on the eastern and western edges of the Midland, they have yet to be delineated in the deeper parts of the subbasin.

Other oil-heavy operators, including Occidental Petroleum, Continental Resources, and Diamondback Energy have filed permits with Texas regulators this year to drill the Barnett. Occidental has also filed permits to drill the Devonian and Mississippian plays as well, regulatory data show.

Civitas:

• how it started; November 1, 2021; PR; Bonanza Creek
• Civitas Resources enters Permian basin for $4.7 billion.
• CNBC / TipoRanks favor five dividend stocks during tumultous times.

• Civitas Resources (was mentioned first) (see box below)
  
• Bristol Myers Squibb
• Chesapeake Energy
• EOG Resources -- being bought by CVX; announced October 23, 2023
• Cisco Systems