Happy Valentine's Day; Permian With A Breakeven Of $40 (Or Less) -- February 14, 2024

Locator: 46817B.

Two big articles today:

• wind's cost crunch: Bloomberg
• EVs -- reality is setting in: WSJ

COP: next dividend, record date, February 19, 2024 

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Back to the Bakken

WTI: $77.98.

Thursday, February 15, 2024: 40 for the month; 99 for the quarter, 99 for the year
39991, conf, CLR, Omlid 12-19H,
39535, conf, Hess, EN-Person A-156-94-1522H-3,

Wednesday, February 14, 2024: 38 for the month; 97 for the quarter, 97 for the year
40050, conf, CLR, Harms East Federal 34-33H,
39156, conf, Hess, RS-F Armour-156-92-1224H-6,
34061, conf, SOGC (Sinclair), Bighorn 5-6H,

RBN Energy: Diamondback / Endeavor duo challenges Taylor and Travis for couple-of-the-year honors.

A Super Bowl game (and halftime show) for the ages followed up only hours later by a made-in-heaven combination of two of the largest, most admired E&Ps in the super-hot Permian? It doesn’t get any better than this, unless you’re a Taylor Swift fan too — in which case, it may be impossible for you to “shake it off.”

In today’s RBN blog, we examine the newly announced plan by Diamondback Energy and Endeavor Energy Resources to combine into a Travis Kelce-sized Permian pure play with more than 800 Mboe/d of crude oil-focused production and more than 6,000 well locations with breakevens of $40/bbl or less.