Taco Tuesday -- Enerplus Reporting Some Nice Olson Wells This Week -- October 22, 2024

Locator: 48629B.

WTI: $71.18

Wednesday, October 23, 2024: 43 for the month; 43 for the quarter, 557 for the year

• 40594, conf, CLR, Doe 3-23H,
• 40267, conf, Silver Hll Energy, NM 158-2-18-19-10MBH,
• 40212, conf, Enerplus, Olson 146-97-3-10-2H,
• 40211, conf, Enerplus, Olson 146-97-3-10-1H-WLL,

Tuesday, October 22, 2024: 39 for the month; 39 for the quarter, 553 for the year

• None.

Look at these Enerplus Olson wells:

• 40212, conf, Enerplus, Olson 146-97-3-10-2H, Little Knife:
  

Date	Oil Runs	MCF Sold
8-2024	20979	25596
7-2024	17163	23219
6-2024	21259	32379
5-2024	37286	49588
4-2024	7689	6968

• 40211, conf, Enerplus, Olson 146-97-3-10-1H-WLL, Little Knife,
  

Date	Oil Runs	MCF Sold
8-2024	4512	6012
7-2024	21721	34214
6-2024	23076	33858
5-2024	44688	60486
4-2024	15749	20165

RBN Energy: oil producers focus on high-grading crude portfolio as gas price impact is minimal.

The upcoming presidential election has filled the airways with discussions around crucial issues, some with dramatic short-term (yet highly variable) impacts and others that will play out over several years. The impact of the critical short-term issue facing oil and gas producers today — historically low natural gas prices — varies depending on the structure of individual company portfolios. In today’s RBN blog, the last of our four-part series, we analyze the effect of lower gas prices on the revenues, cash flows, investment, leverage and cash allocation of Oil-Weighted E&Ps and discuss how they are adapting. 

In part 1 of this series on recent financial results from the 40 large U.S. E&Ps we monitor, we said their pre-tax operating profits rebounded slightly in Q2 2024 to $12.25/boe ($16.6 billion), up 1.8% from the $12.04/boe they reported in Q1 2024. The group as a whole outperformed during the turbulent half-decade from 2015-19 but has generally fallen short of results in the post-COVID years. The primary reason was that low natural gas realizations nearly offset the impact of higher liquids realizations for the entire group.