Six Wells Coming Off Confidential List Over Weekend, Monday -- October 16, 2023

Locator: 45792B. 

Old news: for the archives.

• XOM shoots to #1 in the Permian
• US domestic production hits all-time record in August: 13.2 million bopd
• production record hit one month earlier than Rystad Energy predicted a few months ago

UAW: did someone blink?

• link here --
• the 40% was a bridge too far;
• now: to convince rank and file members, "we" got a great deal
• Ford: last and best offer on the table

Schwab earnings: BTE. 77 cents vs 74 cents forecast.

• but outflow still continues

Entirely predictable: quiet cutting. 

One woman show!

• highest-grossing domestic concert film ever; link here.
• the stats at The WSJ staggering
• outsold most 2023 Hollywood releases its opening weekend
• 70% of all tickets for all movies -- for Taylor Swift

*************************************
Back to the Bakken

Locator: 45792B. 

WTI: $87.67.

Tuesday, October 17, 2023: 38 for the month; 38 for the quarter, 608 for the year
39684, conf, Crescent Point Energy, CPEUSC Farthing 3-30-31-158N-100W-MBH,
39283, conf, Oasis, Kestrel 5401 43-22 5BX,
36780, conf, BR, George 1C TFH,

Monday, October 16, 2023: 35 for the month; 35 for the quarter, 605 for the year
39331, conf, CLR, Arthur 9-12H1,

Sunday, October 15, 2023: 34 for the month; 34 for the quarter, 604 for the year
39685, conf, Crescent Point Energy, CPEUSC Clermont 3-19-18-158N-100W-MBH,
39332, conf, CLR, Arthur 10-12H,
38922, conf, Oasis, Kestrel 5401 43-22 2B,

Saturday, October 14, 2023: 31 for the month; 31 for the quarter, 601 for the year
39429, conf, Petro-Hunt, Dean Wormer 149-102-33D-28-4H,
38275, conf, Hess, BB-Olson-150-95-09H-3,

RBN Energy: ExxonMobil soars to #1 in the Permian in largest ever US upstream deal.

Sometimes, courtship is better the second time around. After some previous rumors and flirting with a deal in the spring of 2023, ExxonMobil, the largest international integrated oil company, reached an agreement to acquire Pioneer Natural Resources, the largest pure-play Permian producer, for $64.5 billion, the largest-ever U.S. upstream transaction. In today’s blog, we analyze the deal that would make ExxonMobil the top Permian producer, including shifts in the focus and depth of its upstream portfolio, the integration with its existing midstream and downstream infrastructure, and its energy transition goals.