The Million Dollar Way (The Bakken Oil Blog)

Original twitter post, followed by comments. The margins were so high in 2Q21 I almost missed them. They are truly off the chart. And see the comments; could be higher in 3Q21.

Natural Gas Shortage In Europe Could Intensify In Coming Weeks -- Sources -- July 30, 2021

CLR press release:

"Continental's dividend update is a $0.04 increase to the Company's $0.11 per share quarterly dividend paid in second quarter 2021 and triple the Company's initial dividend paid in fourth quarter 2019. With an approximately 1.7% annualized dividend yield¹, our increased dividend underscores the Board's and management's commitment to returning significant cash to shareholders, demonstrates our confidence in the quality and sustainability of our asset base and competes strongly versus industry peers," said Bill Berry, CEO.

ENI: boosts dividend to pre-Covid level after strong 2Q21 earnings.

Shell: as discussed numerous times on the blog, Shell appears eager to exit the Permian. Now this over at SeekingAlpha:

Devon Energy and ConocoPhillips are among potential suitors studying Royal Dutch Shell's portfolio of Permian Basin oil fields, which could be worth as much as $10B in a sale.
Chevron also is among companies considering bids for the assets which adds that suitors have been invited to Shell's data room to examine information on the business.
Shell has asserted a desire to accelerate its transition to a net-zero emissions business even as it plans to appeal the recent order by a Dutch court to cut its emissions harder and faster than planned.

Natural gas:

Natural gas prices are rising across Europe and Asia due to tighter supply of the commodity, lower production in Europe, and lower exports from Russia, the Financial Times reports, noting the supply crunch may intensify in the coming weeks.

In Europe, the report notes, prices for natural gas have hit 40 euros per mWh for the first time ever, with UK gas prices at the highest in 16 years. This is equal to approximately $14 per million British thermal units. In Asia, gas prices have hit $15 per mmBtu.

Did anyone not see this coming? Groningen on the blog. Tracking updates here. Russia played this just right.