Just The Bakken For Now -- More To Come -- April 22, 2024

Locator: 47054B.

WTI: $83.03.

Tuesday, April 23, 2024: 51 for the month; 51 for the quarter, 250 for the year
39581, conf, Hess, CA-Anderson Smith-155-96-2635H-9,
38562, conf, Hess, GO-HAUG-156-98-1918H-6,
38561, conf, Hess, GO-HAUG-156-98-3031H-6,

Monday, April 22, 2024: 48 for the month; 48 for the quarter, 247 for the year
39467, conf, Hess, EN-Erickson-LE-157-93-1003H-1,
37518, conf, BR, Mazama 2A UTFH,

Sunday, April 21, 2024: 46 for the month; 46 for the quarter, 245 for the year
39883, conf, Whiting, Van Buren Federal 5103 42-36 4B,
39580, conf, Hess, CA-Anderson Smith-155-96-2635H-9,

Saturday, April 20, 2024: 44 for the month; 44 for the quarter, 243 for the year
40142, conf, CLR, Veigel 9-9H1,
39882, conf, Whiting, Van Buren Federal 5103 42-36 3B, 

RBN Energy: investors rewarded with strong returns despite dip in E&P cash flows. 

As we’ve frequently chronicled, 2022 was a golden year for U.S. exploration and production (E&P) companies and their investors, as soaring commodity prices triggered record cash generation to fund the highest levels of shareholder returns of any American industry. But Camelot didn’t last forever, and the twin impacts of lower hydrocarbon prices and rising inflation inevitably eroded cash flows in 2023. The good news is that these fiscally disciplined producers still recorded the second-best results of the last decade to fund historically strong shareholder returns. In today’s RBN blog, we detail the 2023 cash allocation of the 41 major U.S. E&Ps that we cover.