Laser-Focused On Dividends -- ONEOK Raises Dividend -- January 18, 2023

A reader, thank you very much, caught this data point and sent it my way.

The board of directors of ONEOK, Inc. (NYSE: OKE) today increased ONEOK's quarterly dividend to 95.5 cents per share, an increase of 2%. This increase results in an annualized dividend of $3.82 per share.

The dividend is payable February 14, 2023, to shareholders of record at the close of business January 30, 2023.

The BR Maverick Wells: Initial Production Data -- January 18, 2023

This page won't be updated. The BR Maverick wells in Dimmick Lake are tracked here. When last posted, they had been drilled to depth and perhaps completed, but production data not yet provided. Now we have that initial production data:

• 36241, loc/NC-->loc/A, BR, Maverick 1C TFH 33-0530-08986, Dimmick Lake,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	28	32004	32030	31018	60209	57889	2274
BAKKEN	10-2022	31	55175	55050	48980	54715	50479	4193
BAKKEN	9-2022	8	15399	15302	16752	25188	23412	1759
BAKKEN	8-2022	0	0	0	0	0	0	0
BAKKEN	7-2022	2	36	36	5421	282	0	232

• 36242, loc/NC-->loc/A, BR, Maverick 1E MBH 33-0530-08987, Dimmick Lake,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	28	37702	37649	28766	89174	86427	2678
BAKKEN	10-2022	27	44170	44321	42046	86816	83389	3357
BAKKEN	9-2022	22	52364	52639	45072	117047	113026	3937
BAKKEN	8-2022	8	11934	11330	9523	25218	24330	680
BAKKEN	7-2022	2	0	0	6022	264	0	217

• 36243, loc/NC-->loc/A, BR, Stortroen 1D MBH 33-0530-08988, Dimmick Lake,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	28	28594	28534	24830	66758	64675	2031
BAKKEN	10-2022	31	28561	28636	27722	90139	87894	2171
BAKKEN	9-2022	18	30176	29986	27552	59803	57491	2269
BAKKEN	8-2022	31	0	0	0	0	0	0
BAKKEN	7-2022	20	40	40	6990	409	0	336

• 36244, loc/NC-->loc/A, BR, Maverick 2C TFH 33-0530-08989, Dimmick Lake,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	15	10508	10510	18437	25384	24617	747
BAKKEN	10-2022	27	16307	16276	31616	41152	39879	1239
BAKKEN	9-2022	12	5583	6052	11923	14190	13760	420
BAKKEN	8-2022	7	9951	9447	14618	17786	16833	809
BAKKEN	7-2022	2	53	53	6868	130	0	107

• 36245, drl/A-->loc/A, BR, Maverick 2D MBH, 33-0530-08990, Dimmick Lake,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	28	20446	20403	17342	45176	43689	1452
BAKKEN	10-2022	31	20498	20562	14090	76552	74931	1558
BAKKEN	9-2022	17	23160	23014	16463	47777	44953	2791
BAKKEN	8-2022	31	0	0	0	0	0	0
BAKKEN	7-2022	31	194	194	7598	675	0	675

• 36246, drl/NC-->loc/A, BR, Maverick 2E TFH, 33-0530-08991, Dimmick Lake,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	28	9851	9812	11927	50955	50215	700
BAKKEN	10-2022	14	5098	5252	6425	24877	24469	387
BAKKEN	9-2022	12	27772	27597	32845	40214	37768	2418
BAKKEN	8-2022	1	0	0	1201	2141	2123	0
BAKKEN	7-2022	1	148	148	0	0	0	0

• 36247, drl/NC-->loc/A, BR, Stortroen 2C TFH, 33-0530-08992, Dimmick Lake,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	28	19306	19262	25268	43613	42221	1358
BAKKEN	10-2022	31	18284	18257	25080	58071	56633	1390
BAKKEN	9-2022	9	7455	7408	11293	15638	14436	1191
BAKKEN	8-2022	0	0	0	0	0	0	0
BAKKEN	7-2022	1	191	191	5517	174	0	143

• 36248, drl/NC-->loc/A, BR, Stortroen 2D MBH, 33-0530-08993, Dimmick Lake,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	28	11091	11044	7636	47985	47159	788
BAKKEN	10-2022	12	5292	5363	3724	21618	21198	402
BAKKEN	9-2022	21	14597	14505	10650	50699	49195	1468
BAKKEN	8-2022	1	0	0	0	0	0	0
BAKKEN	7-2022	4	215	215	5680	497	0	35

And, as noted before, evidence of the halo effect:

• 17213, 437, BR Maverick 44-12H, Dimmick Lake, t7/08; cum 221K 6/22; recent production, 1,252  bbls crude oil over two days (June, 2022) extrapolates to almost 20,000 bbls over 30 days: but the ultimate jump was only from 600 bbls/month to 3,000 bbls/month for a short period: t7/08; cum 231K 10/22;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2022	1	0	0	0	0	0	0
BAKKEN	10-2022	26	1458	1454	2953	2642	2462	102
BAKKEN	9-2022	30	2846	3240	5893	5453	5160	203
BAKKEN	8-2022	25	3455	3226	7092	6406	6098	233
BAKKEN	7-2022	23	2403	2786	6205	3862	3628	165
BAKKEN	6-2022	2	1252	477	2048	497	455	36
BAKKEN	5-2022	0	0	0	0	0	0	0
BAKKEN	4-2022	9	152	708	167	788	766	0
BAKKEN	3-2022	8	341	0	282	392	372	0
BAKKEN	2-2022	0	0	0	0	0	0	0
BAKKEN	1-2022	0	0	0	0	0	0	0
BAKKEN	12-2021	27	258	457	13	310	222	21
BAKKEN	11-2021	21	259	244	8	357	307	0
BAKKEN	10-2021	31	606	467	79	1213	1130	6

Ovintiv With Three New Permits; Four DUCs Reported As Completed -- January 18, 2023

Active rigs: link here.

WTI: $79.13.

Natural gas: $3.329.

Three new permits, #39572 - #39574, inclusive:

• Operator: Ovintiv
• Field: Sandrocks (McKenzie)
• Comments:
• Ovintiv has permits for two Barracuda wells and one Fleck well in SWSE 35-151-100; 
• to be sited 939 FSL and between 2078 FEL and 2118 FEL

Four producing wells (DUCs) reported as completed:

• 36747, 2,693, XTO, FBIR Lawrence 24X-26C, Dunn County,
• 36749, 2,243, XTO, FBIR Lawreence 24X-26D, Dunn County,
• 35410, 150, Crescent Point Energy, CPEUSC Austin 2-17-20-158N-99W-LL-MBH, Williams County,
• 38544, 2,238, Whiting, Scott Olson 31-1H, Williams County,

Investors -- January 18, 2023

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.    

mRNA: Moderna, surging today; up $14/share; up 7%

• news yesterday: Moderna's mRNA RSV (not Covid-19) vaccine 84% effective
• seasonal flu: maybe 45% effective; continues to be debated;
  
• vaccinated folks are still better protected than folks relying on natural immunity; interesting.
• if one thinks about that, one would understand why that makes sense
• it's so obvious, it's like a light going on/off when it actually comes to you
  
• think Prevnar 20 for "pneumococcal" illness 
• why is Prevnar 20 so well accepted vs natural immunity?
• "no one" argues that it's better to deter pneumococcal pneumonia by avoiding vaccination against pneumococcus and relying on natural immunity;
  

Covid-19:

• as of August 19, 2021: eight (8) notable variants since September, 2020, BMJ.
• wiki is not helpful with regard to variants;
• January 10, 2023, current circulating variants:
• Omicron variants
  
• BQ,1.1: 34%
• XB.1.5: 28%
• BQ.1:
• All variants
• Omicron
• seventeen (17) sub-variants
• Delta
• one variant
• Other: other

Inflation:

• December, PPI numbers out:
• inflation numbers slightly better than expected:
• November, PPI, also revised; better number
• Dow moved up nicely when numbers released; but then fell into the red very quickly; then back to where were, green, Dow up 53 points;
  
• December retail sales came in almost as expected; forecast down 1%; actual, 1.1%

Semiconductors, Transistors On A Chip -- Update -- January 18, 2023

Investors.

Chips, semiconductor: link here.

Transistor count. 

The Semiconductor Value Chain -- January 18, 2023

Link here.

Two that are particularly interesting:

• ASML
• Skyworks (SKWS) -- not on the above chart.
  

WTI Trending Toward $82 -- Two Wells Coming Off Confidential List -- January 18, 2023

Keeping the links: link here.

• Inflation:
• ten "things" that decreased in price in 2022, despite inflation; including bacon. 
• high price of eggs, lettuce, not due to inflation -- don't take that out of context;
  
• Oil demand  
• under-supply by end of 2023;
• IEA sees global demand for oil hitting a record high in 2023;
• and folks tell me that US shale production growth will slow. 
• by the way, most recent report, month/month: no oil released from SPR;
  

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

Active rigs:

• 42
• Bowline: 1
• BR: 2 -- including a Lillibridge;
• CLR: 8 -- including a Brangus Federal and a Brangus FIU; two Micahlucas wells;
• Crescent Point: 2
• Enerplus: 2
• Grayson Mill: 3
• Hess: 4
• Hunt: 1
• Kraken: 2
• Liberty Resources: 1
• MRO: 3
• Oasis: 3
• Ovintiv: 2
• Petro-Hunt: 1 -- Hot Rod, McKenzie; #39293;
• Sinclair: 1
• Slawson: 2 -- Armada Federal, Mountrail; Loon Federal, Mountrail
• Stephens Williston: 1 -- Greenbrier, Mountrail
• Whiting: 1
• WPX: 2

Petro-Hunt: three Hot Rod wells on the pad in SWNW 27-149-102; Boxcar Butte;

• 22834, 1,208, Petro-Hunt, Hot Rod 1-27-26H, Boxcar Butte, t9/13; cum 162K 11/22;
• 39293, ros, Petro-Hunt, Hot Rod 149-102-27B-26-2H, Boxcar Butte,
• 39294, conf, Petro-Hunt, Hot Rod 149-102-27C-26-3H, Boxcar Butte,
• no wells of interest in the area;
• to the south, parallel:
• 20394, 433, White Rock, Haugen 13X-34, Boxcar Butte, t10/11; cum 92K 11/22;

Flickertail state news: link here.

WTI: $81.77. Up almost 2%; up $1.59.

Natural gas: $3.435.

Thursday, January 19, 2023: 39 for the month; 39 for the quarter, 39 for the year
39014, conf, Kraken, Wilhelm LE 16-21 1H,
38688, conf, Slawson, Armada Federal 4 SLTFH,
38015, conf, Petroshale, Sacagawea Federal 4MBH,
27896, conf, CLR, Jersey FIU 13-6H,

Wednesday, January 18, 2023: 35 for the month; 35 for the quarter, 35 for the year
38412, conf, Whiting, Kannianen 11-5-2THU,
27895, conf, CLR, Jersey FIU 12-6H1,

RBN Energy: Energy Transfer's Gulf Run pipeline expands critical Louisiana LNG feedgas corridor. Archived.

If pipeline-constrained Haynesville Shale producers’ New Year’s resolution was to grow volumes, they just got a big boost: Energy Transfer recently placed in service its new Gulf Run Transmission natural gas pipeline in Louisiana, increasing north-to-south capacity in the state by 1.65 Bcf/d. It’s the first of several pipeline projects due online in 2023 — and among others proposed for subsequent years — that will be critical for debottlenecking the Louisiana pipeline network and connecting Haynesville and other gas production volumes to LNG export projects vying for feedgas supply on the Louisiana coast.

U.S. LNG developers are in a race to capitalize on the tight global LNG market and finalize terminal plans, with much of the next wave of liquefaction and export capacity additions planned for the Louisiana coast which may, in time, help alleviate energy security concerns, particularly across the pond in Europe.

If these pipeline projects don’t get built on time, the resulting supply shortage in southern Louisiana would not only wreak havoc on Henry Hub and the domestic gas market but would reverberate around the globe. Gulf Run’s in-service is good news for at least one facility: the under-construction Golden Pass LNG, which is the anchor shipper on the pipeline and due to begin commissioning later this year. In today’s blog, we look at what the new capacity could mean for flows and production growth in the short- and long-term.

I'm still reminded of the reader, some years ago now, who wrote to tell me, all these LNG export terminals would not be built; it was all "pie in the sky."