The Million Dollar Way (The Bakken Oil Blog)

Thursday, February 6, 2025

COP Earnings Call -- February 6, 2025

Locator: 48498COP.

From the 3Q24:

Now, the 4Q24, headline:

ConocoPhillips plans $10B shareholder returns in 2025 with $6B in buybacks.
10 - 6 = 4.
Outstanding shares: 1.161318 billion shares.
$4 billion / 1.161318 billion shares = $3.44436.
Current dividend 78 cents x 4 = $3.12.

Seven New Permits; Two Permits Canceled; Four DUCs Reported As Being Completed -- February 6, 2025

Locator: 48497B.

WTI: $70.50.

Active rigs: 34.

Seven new permits, #41590 - #41596, inclusive:

Operators: Enerplus (5); Hess (2):
Fields: Strandahl (Williams); Big Butte (Mountrail)
Comments:

Hess has permits for two EN-Trout wells, lot 2, section 3-156-94,

to be sited 704 / 725 FNL and 1773 / 1799 FEL;

Enerplus (Chord Energy) has permits for five Mikey wells, NWNW 25-157-102,

to be sited 381 NFL and 1303 / 1163 FWL

Two permits canceled:

Petroshale: two Helen wells, Dunn County;

Four producing wells (DUCs) reported as completed:

36836, 2,255, XTO, HBU Muller 31X-12B, Williams County;
40189, 2,255, Whiting, Tri D Ranch 5696 13-18 3B; Williams County;
40457, 911, Slawson, Nightmaker 6-17-8H, Mountrail;
40458, 421, Slawson, Nightmaker 7-17-8TFH, Mountrail;

A Non-Story? But If It Turns Out To Be Important, Posted For The Archives -- February 6, 2025

Locator: 48496POTASH.

Unless something has changed, or I missed something, when Trump delayed putting tariffs on Canadian goods for 30 days, that delay did not include potash. Apparently the tariffs on Canadian potash are still in place. I don't know.