Wednesday, July 31, 2024

Locator: 48274B.

The big investing story today: AMD.

The big Bakken investing story: Hess. Link here.

• Bakken net production was up 17% q/q
• net income: $2.46 / share vs 39 cents, 2Q23
• net income increase reflects higher production volumes and realized selling prices

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Back to the Bakken

WTI: $76.88. Up $2.15 but very, very temporary unless ...

Thursday, August 1, 2024: 61 for the month; 61 for the quarter, 387 for the year
40411, conf, CLR, Anheluk 4-26H,
40263, conf, Stephens Williston, Cabot 15591-0112-3H,
40089, conf, Phoenix Operating, Jean Ferari 26-35-2 4H,
40088, conf, Phoenix Operating, Jean Ferrari 26-35-3H,
39604, conf, Hess, BL-Iverson B-LN-155-95-0807H-1,

Wednesday, July 31, 2024: 56 for the month; 56 for the quarter, 382 for the year
40412, conf, CLR, Anheluk 5-26HSL,
40176, conf, Slawson, Cyclone 5-21-16H,
40086, conf, Phoenix Operating, Jean Ferrari 26-35-2 1H,
39514, conf, Liberty Resources, Haley E 158-93-29-32-4MBH,

RBN Energy: could more NGL pipeline capacity help break the Bakken's production-growth logjam? Archived.

Crude-oil-focused production in the Bakken still hasn’t fully recovered from its pre-COVID high, partly because the western North Dakota shale play continues to face takeaway constraints, especially for natural gas and NGLs. A couple of NGL pipeline projects in the works will certainly help, but will they be enough to enable the Bakken’s increasingly consolidated E&P sector to ramp up its crude oil production? And one more thing: How will the incremental NGLs flowing south on Kinder Morgan’s soon-to-be-repurposed Double H Pipeline find their way to fractionation centers in Conway and Mont Belvieu? In today’s RBN blog, we’ll look at the Bakken’s complicated production-vs.-takeaway conundrum and the ongoing efforts to address it.