Thursday, April 24, 2025

Thursday -- End-Of-Day Report -- April 24, 2025

Locator: 48507B.

Focus on dividends: ET (Energy Transfer) raises its dividend a couple of pennies.

Director's Cut, February, 2025, director's cut, released April 24, 2025. Link here.

Most interesting data point: state, number of active rigs, amount of crude oil produced per day yielding a ratio:

  • Texas: 274 rigs ---> 5.584 million bbls of crude oil / day --> 20,379.
  • New Mexico: 100 rigs --> 2.060 million bbls of crude oil / day --> 20,600.
  • North Dakota: 32 --> 1.16 million bbls of crude oil / day --> 36,250.

 Effective, efficient, higher TOC.

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The End-Of-Day Bakken Report

WTI: $62.86.

Active rigs: 30.

Five new permits, #41843 - #41847, inclusive:

  • Operators: Hunt (3); BR (2)
  • Fields: Vanville (Burke); Elidah (McKenzie)
  • Comments:
    • Hunt has permits for three Kandiyohi wells, lot 6, section 160-90-32, 
      • to be sited 525 FSL and 1908 /1878 / 1848 FWL;
    • BR has permits for two Rolla wells, SWNW 9-151-97; 
      • to be sited 1815 FNL ad 659 / 691 FWL.

Eight permits renewed:

  • CLR: eight McClintock permits, SESW 13-156-95; Pleasant Valley oil field, Williams County;

One producing well (a DUC) reported as completed

  • 37976, 0, BR, Concord 3A, Dunn County;