MRO, COP, Top Bakken Producers -- East Daley -- From June 6, 2024 -- Posted July 1, 2024

Locator: 48034B.

Deals affecting the Bakken are posted at the sidebar at the right. 

This was posted some weeks ago.

This is fairly old news and I assume "everybody" that needs to know, knows, and it's only me who keeps forgetting.

But for the archives:

Some mineral owners in the Bakken may be receiving royalties from MRO.

MRO could remain a wholly-owned subsidiary of COP and and royalties still coming from MRO.

Or MRO could be absorbed by BR (a wholly-owned subsidiary of COP) or something entirely else.

We won't know for awhile. Or maybe someone one knows and I don't know.

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East Daley: MRO, COP, And The Bakken

The East Daley note referenced above was posted June 6, 2024, and is linked here.

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Producers

Rounding, it looks like, with regard to production:

• Chord + Enerplus will about equal CLR;
• COP + MRO will be about one-half that of CLR or Chord + Enerplus:
• HES will be a bit less than COP + MRO;
• XOM (XTO) could be about half of HES

So:

• the "big names"
  
• 1 unit: Chord + Enerplus    16/16
• 1 unit: CLR                        16/16
• 1/2 unit: COP + MRO        8/16
• 3/8 unit: HES                        6/16
• 3/16 unit: XOM                    3/16
• all of those "big names" totaled will equal about one-half of Bakken's total production; "others" would include:
• Kraken + Neptune
• Grayson Mill
• Zavanna
  
• EOG
  
• Petro-Shale
• Phoenix
  
• Hunt
• Slawson 
• Iron Oil Operating
• Empire North Dakota
• SOGC (Sinclair)
• KODA Resources
• Murex 
• True Oil
• Spotted Hawk, and,
• many others
  

Reminder:

• Chord was a merger of Oasis with Whiting;
• Chord is now buying Enerplus