Somber Morning -- January 30, 2025

Locator: 48440B.

WMB: increases dividend, from 47.5 cents to 50 cents / share.

VLO: beats. Previously announced: ups dividend from $1.07 to $1.13. 

Secretary, US DOT: Sean Duffy, wiki:

Silence is deafening: Reagan crash: what hasn't been released by US Army yet.

US skating team: members on downed a/c. Sixty four souls on board; 28 bodies recovered; no survivors reported -- official as of early morning, Thursday, January 30, 2025, about twelve hours after incident.

*********************************
Back to the Bakken

WTI: $72.45

New wells:

• Friday, January 31, 2025: 46 for the month, 46 for the quarter, 46 for the year,
• None.
• Thursday, January 30, 2025: 46 for the month, 46 for the quarter, 46 for the year,
• 40488, conf, Grayson Mill, Wahus 12-1F XE 1H,

RBN Energy: bidders to soon get a second shot at CITGO's US refineries, other assets.

The bitter, eight-year legal battle over the fate of CITGO Petroleum’s three U.S. refineries, related pipelines and terminal assets appeared to be at an end last fall, when a federal court gave the green light to Elliott Investment Management’s Amber Energy to purchase the assets for $7.3 billion. But instead of putting an end to the drama, the court restarted the bidding from scratch on December 18. In today’s RBN blog, we’ll discuss what the court’s ruling means for CITGO and its refineries, which have a combined capacity of more than 800 Mb/d.