Locator: 50040B.
A DEI hire? That's all I could think of when I saw this headline in The New York Times:
Focus on dividends: YUM!
- raises dividend from 71 cents to 75 cents quarterly
- record date, February 20, 2026
- pay date: March 6, 2026
Market: I have to laugh.
Folks seem upset that the market dropped 1% to 2% today -- Micron is up 261% over the past six months. Is anyone paying attention? And, on top of that, for those companies that have not done as well, this provides a buying opportunity. But more important, on days like this, the market is providing more clarity for investors, if not traders.
CAT down 0.4% today -- four-tenths of one percent. CAT is up 75% over the past six month.
Dividends: ENB pays 5.44% and was up 1.6% today; EPD pays 6.05% and was up up very slightly today; and, finally, OKE was down today after superb earnings but still pays 4.9%, after raising its dividend last month. I grew up in an era when a dividend of 6% was considered "good."
White House:
US women's Olympic Hockey team politely declines invitation to attend SOTU address tomorrow night; US men's team, also a gold medal winner (!) has not yet had a chance to RSVP. My recommendation: teams should not attend. Period. Dot. I might talk about this later, but this is a no-brainer. I was often a member of a "rent-a-crowd" while in the USAF and attended any number of "such" functions when on active duty. It became tedious. This is a time for these folks to enjoy time with their families and close friends.
My favorite thread today? Canadian hockey coach whining about losing -- link here.
There are so may story lines here. You know, it's pretty funny. Olympic hockey -- overtime -- 3 v 3. The US got an incredible opportunity in regulation time when they were at the wrong end of a 5 v 3 power play -- LOL. So, in regulation time, the US (3 players) beat Canada (with five players) in a power play, get great practice for overtime when its 3 v 3. LOL. And, then, of course, there are the "Americas" that are upset the US won. LOL. See comments from Jack Hughes' mother. Link here.
Reminiscing: wow -- flashing across my mind right now -- my halcyon days --idyllically happy and peaceful -- while in Yorkshire in the early 2000s.
What I would give -- short of giving up my family -- if I could return to those days. For an extended period of my time in the USAF, I only had to be "in the office 0800 - 1600" Monday through Friday and not allowed to be in the office on weekends or after hours. No "rent-a-crowd" responsibilities.
My only "job" after hours during this extended period was a) reading; b) hiking for hours across the Yorkshire moors; and, c) well, that was it. Nothing else -- oh, yes, that's right -- listening to Hank Williams, Sr, on my Sony Walkman!
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Back to the Bakken
OKE earnings: link here.
- raised dividend from $1.03 to $1.07;
- record date February 20, 2026;
- pay date: March 6, 2026
WTI: $66.31.
Active rigs: 26.
No new permits.
One producing well (a DUC) was reported as completed:
- 41701, 270, Marlo Operating, Tosco Brach 5, Bowman County.
- SWNE 13-129-104, 1554 FNL 1577 FEL. Wildcat.
- spud date: 6/22/25
- date off confidential: 12/22/25
- permit: 160-acre spacing unit; NW/4 section 18-129-103.
- Red River pool; wildcat
- if it weren't for the interest in the Bakken revolution / North Dakota oil industry, this would not have been on my radar scope.
- no other information of interest to me in the file report.
*****************************
Marlo Operating
An exploration and and production company.
Physical address:
- 8200 Camp Bowie West Boulevard, Suite A, within the NAE Contracting Building, Fort Worth, Texas.
Mailing address:
- PO Box 470503, Fort Worth Texas, 76147
| File No | CTB No | API No | Well Type | Well Status | Status Date | DTD | Location | Operator | Well Name | Field |
|---|---|---|---|---|---|---|---|---|---|---|
| 41258 | 3301101560 | OG | NC | 5/27/2025 | 9943 | NENE 19-129-103 | MARLO OPERATING COMPANY, LLC | TOSCO Branch 2 | WILDCAT | |
| 41700 | 3301101562 | OG | NC | 6/4/2025 | 9508 | NENE 19-129-103 | MARLO OPERATING COMPANY, LLC | TOSCO Branch 4 | WILDCAT | |
| 41282 | 3301101561 | OG | NC | 6/19/2025 | 9724 | SWNE 13-129-104 | MARLO OPERATING COMPANY, LLC | TOSCO Branch 1 | WILDCAT | |
| 41701 | 3301101563 | OG | A | 8/24/2025 | 10112 | SWNE 13-129-104 | MARLO OPERATING COMPANY, LLC | TOSCO Branch 5 | WILDCAT |
Webpage: link here.
- area of focus;
- headquarters: southwest of Fort Worth, TX
