Locator: 49309B.
XOM: crushes production estimates -- link here --
Exxon Mobil (NYSE: XOM) topped Wall Street expectations for the third quarter, posting $8.1 billion in adjusted earnings, or $1.88 per share—up from $7.1 billion in Q2—on record output from Guyana and the Permian Basin. Analysts had forecast $1.82 per share, according to LSEG data.
The quarter’s operational strength came despite weaker crude prices, which averaged $68.17 Brent, down 13% year-on-year. Oil and gas production rose to 4.8 million boe/d from 4.6 million in Q2, with record-setting output in both key regions helping offset price softness. Free cash flow, however, fell to $6.3 billion from $11.3 billion a year ago as Exxon spent more on acquiring Permian acreage.
Exxon boosted its quarterly dividend 4% to $1.03 per share and confirmed it remains on track to complete $20 billion in share buybacks this year, after returning $9.3 billion to shareholders last quarter. The company recorded $510 million in restructuring costs but said full-year capital spending will come in slightly below the $27–29 billion guidance range.
In a long note like this there may be typographical and content errors.
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Back to the Bakken
October 30 & October 31, 2025
WTI: $60.98.
Active rigs: 35.
October 30, 2025 --
Six new permits: #42437 - #42442, inclusive:
- Operators: KODA Resources (4); Devon Energy (2)
- Fields: Daneville (Divide County); Grinnell (McKenzie)
- Comments:
- Devon has permits for two Ruby State wells, SESE 36-154-97,
- to be sited 318 / 343 FSL and 291 FEL;
- KODA Resources has permits for four more Bock wells, NWE 19-161-102;
- to be sited 715 FNL and 2039 / 2144 FEL.
One producing well (a DUC) reported as completed:
- 41272, no IP test available, CLR, HM Hove 8-9H, Williams County;
One permit renewed:
- 41315, WGO Resources, Moe 1-34, Golden Valley, wildcat;
October 31, 2025 --
One new permit: #42443 --
- 42443, loc, Phoenix Operating, M Johnson 27-26-25 6HF-LL; NWSW 27-159-101, Zahl, Williams County; to be sited 1842 FSL and 475 FWL
One permit renewed:
- 40318, Slawson, Magum 4-36-25H, Baker oil field, McKenzie County;
One permit canceled:
- 41915, Devon Energy, Scha 33-34 7TFH, Moutnrail County;
Change of operator: approximately 1,500 permits / wells:
- from Grayson Mill Operating;
- to: Devon Energy.
