Locator: 46877B.
MRNA: up 14% for the day. Will have to go back and look at this one.
EOG: mixed results; shares down 2.7% after earnings report;
down $3.15; trading at $113.25. The one-year chart is atrocious. The
darling of Wall Street -- under Mark Papa -- during the Bakken boom is
no longer the darling ... paid about 5% in 2023.
NOG: better report; trades up after-hours.
- production surge: Q4 production increased by 45% year-over-year, reaching 114,363 Boe per day.
- financial performance: full year 2023 GAAP net income soared to $923.0 million, with a 31% increase in adjusted EBITDA.
- capital efficiency: capital expenditures were tightly managed at $260.0 million for Q4, excluding non-budgeted acquisitions.
- dividend growth: NOG declared a $0.40 per share common dividend for Q1 2024, marking an 18% increase from Q1 2023.
- 2024 guidance: anticipates 20% production growth with total capital spending projected between $825 - $900 million.
- reserve expansion: total proved reserves increased by 3% year-over-year, with a pre-tax PV-10 value of $5.0 billion.
*******************
Back to the Bakken
WTI: $78.61
Active rigs: 37.
Two new permits, #40541 and #40542:
- Operators: Hunt Oil, Hess
- Fields: Clear Water (Mountrail); Robinson Lake, (Mountrail County);
- Comments:
- Hunt Oil has a permit for a Clearwater well, NWNE 23-157-90;
- to be sited 300 FNL and 1701 FEL;
- Hess has a permit for a EN-Horst well, SWSE 34-155-93;
- to be sited 479 FSL and 1540 FEL.
Eleven producing wells (DUCs) reported as completed:
- 39362, 4,726, Grayson Mill, Williston 25-36F 3H,
- 39363, 3,257, Grayson Mill, Williston 25-36F 4H,
- 39364, 2,731, Grayson Mill, Williston 25-36F 5H,
- 39367, 4,482, Grayson Mill, Williston 25-36F 2H,
- 39620, 660, Crescent Point Energy, CPEUSC Clermont 2 19-18-158N-100W-MBH,
- 39621, 753, Crescent Point Energy, CPEUSC Farthing 2 30-31-158N-100W-MBH,
- 39622, 696, Crescent Point Energy, CPEUSC Ruby 5 20-17-158N-100W-MBH,
- 39624, 825, Crescent Point Energy, CPEUSC Ruby 4 20-17-158N-100W-MBH,
- 39772, 1,970, CLR, North Tarentaise Federal 2-18H, the Tarentaise wells are tracked here;
- 39814, 1,151, CLR, North Tarentaise Federal 1-18H2, the Tarentaise wells are tracked here;
- 40048, 1,972, CLR, Harms East Federal 3-33H, the Harms Federal wells are tracked here;
Wells of interest:
- 19232, 1,423, CLR, Quale 1-1H, Sanish-Antelope, t2/12; cum 605K 10/23; the Quale wells are tracked here;
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
SANISH | 12-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SANISH | 11-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SANISH | 10-2023 | 26 | 1437 | 1625 | 998 | 4001 | 3670 | 0 |
SANISH | 9-2023 | 30 | 1890 | 1870 | 1493 | 5323 | 4918 | 0 |
SANISH | 8-2023 | 31 | 2137 | 2143 | 1598 | 5390 | 4971 | 0 |
SANISH | 7-2023 | 31 | 2068 | 2080 | 1599 | 3998 | 3579 | 0 |
- 18311, 2,769, Grayson Mill, Williston 25-36 1H, Catwalk, t12/09; cum 369K 6/23;
Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
---|---|---|---|---|---|---|---|---|
BAKKEN | 12-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 11-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 10-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 9-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BAKKEN | 8-2023 | 0 | 0 | 240 | 0 | 0 | 0 | 0 |
BAKKEN | 7-2023 | 9 | 306 | 439 | 420 | 1101 | 0 | 1101 |
BAKKEN | 6-2023 | 30 | 875 | 1096 | 933 | 3015 | 0 | 2915 |
BAKKEN | 5-2023 | 31 | 1332 | 1155 | 1405 | 3499 | 0 | 3375 |
BAKKEN | 4-2023 | 30 | 632 | 491 | 890 | 2064 | 0 | 1944 |
BAKKEN | 3-2023 | 31 | 954 | 968 | 1107 | 3485 | 0 | 3361 |
BAKKEN | 2-2023 | 27 | 1121 | 980 | 1299 | 3846 | 0 | 3738 |
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