Tag Archives: picoftheday

U.S. Shale Swings From Losses To Record Cash Flows | OilPrice.com

After years of plowing money into boosting production and thus depressing oil prices, the U.S. shale patch emerged from the pandemic-inflicted slump with unwavering capital discipline which, combined with $100+ oil, is paying off with record cash flows for American oil producers. The largest shale producers have left years of bleeding cash behind, focusing on returning capital to shareholders from the record cash flows they have been generating for several months now. As they report first-quarter figures these days, public companies vow continued disciplined spending and only modest production growth as “drill, baby, drill” is no longer shale’s primary goal. 

Investors, in turn, are rewarding the discipline—most of the 20 top-returning firms in the S&P 500 year to date are oil companies, including Occidental, Coterra Energy, Valero, Marathon Oil, APA, Halliburton, Devon Energy, Hess Corporation, Marathon Petroleum, ExxonMobil, ConocoPhillips, Chevron, Schlumberger, EOG Resources, and Pioneer Natural Resources. 

As a result of the highest oil prices since 2014 and capex discipline, the shale patch is on track for massive free cash flows of a combined $172 billion in 2022 alone, per Deloitte estimates cited by Bloomberg. By 2020, the shale industry had booked $300 billion in net negative cash flow in the 15 years since the first shale boom, Deloitte estimated back then.

Unlike in the previous upcycles, U.S. producers are now directing a large part of the record cash flows to boost shareholder returns with higher dividends, special dividends, and share buybacks. 

U.S. producers do not plan to abandon the newly-found capital discipline and will grow production only modestly, the top executives at most public shale producers said during the Q1 earnings calls this week. Many firms acknowledged the supply chain, inflationary, and labor constraints that could result in slower American oil production growth than the increase the EIA and analysts expect. Producers are also wary of the Biden Administration’s calls for only a short-term ramp-up in production amid otherwise negative comments on the oil industry, which undermines the firms’ visibility and willingness to plan higher investments in the medium term.  

“To say bluntly, the administration’s comments are certainly causing a lot of uncertainty in the market, both in the terms of regulatory taxation, legislation, and negative rhetoric toward our industry. And that creates uncertainty in our owners’, our shareholders’ minds about what the future of this industry really is,” Diamondback Energy’s CEO Travis Stice said on the earnings call this week. 

Diamondback Energy will keep its current oil production levels of 220,000 net barrels of oil per day, Stice said.

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“While we believe that efficiently growing our production base is achievable over the long term, we do not feel that today

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https://oilprice.com/Energy/Energy-General/US-Shale-Swings-From-Losses-To-Record-Cash-Flows.html

Sakura Japanese Steakhouse 4.5 · $$$ restaurant review!

Sober space with dark interiors & multi-color light accents offering hibachi cooking & a sushi bar. Dine-in· Curbside pickup· Delivery424 32nd Ave W #12, Williston, ND 588012.0 mi

Map of sakura | japanese steakhouse williston

Closed ⋅ Opens 11AM MonHours or services may differ(701) 572-3888

The Williston Restaurant and lounge Restaurant Review bit of a shocker for sure!

I had a great dinner with my fiancee Theresa Marie Rogers at the 11 O’clock lounge and Grill or the Eleven Restaurant and lounge located at TheWilliston.com we made a video of our experience and did a food review for  OilfieldBusinessNetwork.com  we were looking forward to talking about this one because it was a little bit of a shocker for sure. Watch the video for more of the fireworks and our surprise review of this upscale restaurant in the heart of the Oilfield Boomtown, Williston North Dakota.

Williston is a city in and the county seat of Williams County, North Dakota, United States. The 2010 census gave its population as 14,716, and the Census Bureau gave the 2015 estimated population as 26,977, making Williston the sixth-largest city in North Dakota.  The city most commonly associated with the Bakken oil boom is also bustling with things to see and do in the city and the nearby area. Most notably is the ARC, a recreational mecca for recreation enthusiasts, including surfers. Flow Rider is an indoor wave machine that allows users to simulate surfing or wakeboarding. It’s just one of the many options at the ARC. There’s also an indoor waterpark, golf simulator and batting cages.

Just outside of Williston you’ll find more history, outdoor recreation and entertainment. Enjoy boating and fishing on Lake Sakakawea or step back in history with a visit to nearby Fort Buford State Historic Site or Fort Union Trading Post National Historic Site. The Missouri-Yellowstone Confluence Interpretive Center is adjacent to Fort Buford, site of the surrender of Sitting Bull. The center tells about the history of the area where the two great rivers merge into one.

Dining options in Williston run the gamut from the upscale The Williston to Outlaws Bar and Grill to Big Willy’s Saloon and Grill and more.

Click here for more things to see and do in the Williston area.

#foodie #picoftheday #foodporn #foodgasm #food #Chefmode #hungry #cleaneating #thinspo

Our five star ***** Restaurant Review of the Little Montana Chuckwagon Cafe

 

We at OilfieldBusinessNetwork.com wanted to do a review of the Chuckwagon because Theresa Rogers and Myself Founder and owner of the Oilfield Business Network Daniel Leach stopped for a bite to eat and were really impressed with this family owned and run establishment.  Mother and Daughter team Paula and Christina run a great place and I highly recommend stopping in and enjoy real food with real down to earth genuine friendly service that your not gonna find in the big city! We are not paid advertisement we just really enjoyed the service and the great food!.

Accepts credit cards Restaurant · Cafe Little Montana Chuckwagon Restaurant Open Now General Manager Paula Williams ADDRESS 44045 US-87 S Grass Range, MT 59032 United States Get directions CONTACT (406) 428-2913
BUSINESS HOURS Mon6:00 AM – 8:00 PMTue6:00 AM – 8:00 PMWed6:00 AM – 8:00 PMThu6:00 AM – 8:00 PMFri6:00 AM – 8:00 PMSat6:00 AM – 8:00 PMSun6:00 AM – 8:00 PM
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