A Lot Of Bakken Activity To Report Mid-Month; Hess Will Report Another Huge Well -- September 20, 2024

Locator: 48335B.

WTI: $71.95.

Sunday, September 22, 2024: 48 for the month; 176 for the quarter, 500 for the year
40351, conf, KODA Resources, Stout1435-6BH,
40350, conf, KODA Resources, Stout 14-2-5BH,
40240, conf, Hess, BL-Kerbaugh-156-96-3427H-7, Beaver Lodge,

Saturday, September 21, 2024: 45 for the month; 173 for the quarter, 497 for the year
40560, conf, Slawson, Prowler 1 SLH,
39934, conf, Hess, RS-Feldman-156-92-1423H-2,
23385, conf, Grayson Mill, Beaux 18-19 6H,

Friday, September 20, 2024: 42 for the month; 170 for the quarter, 494 for the year
40502, conf, CLR, Kennedy 9-31HSL,
39933, conf, Hess, RS-Juma-156-92-1131H-3,
23388, conf, Grayson Mill, Beaux 18-19 3TFH,
23387, conf, Grayson Mill, Beaux 18-19 4H,
23386, conf, Grayson Mill, Beaux 18-19 5H, 

Nice: oldest field in the Williston Basin:

• 40240, conf, Hess, BL-Kerbaugh-156-96-3427H-7, Beaver Lodge,

Date	Oil Runs	MCF Sold
7-2024	17530	49541
6-2024	22334	59187
5-2024	24094	45394
4-2024	44350	83258
3-2024	14719	25476

RBN Energy: US gas producers remain financially sound despite red ink in first-half 2024.

E&P investors have historically been a skittish lot, and for good reason. In the second half of the 2010s, the S&P E&P Index had as many sudden ups and downs as Coney Island’s famous Cyclone roller coaster, culminating in a near crash in early 2020 as equity prices bottomed out at one-tenth their peak. A fairly smooth annual return of nearly 7% over the 2021-to-Q2 2024 period has wooed money back to a sector that now prioritizes shareholder returns. But wariness remains, especially as natural gas prices cratered to three-decade summer lows. In today’s RBN blog, we analyze the balance sheets and budgets of the U.S. gas-focused producers we track to determine if there are causes for concern.