Good morning after! How late did you stay up flipping channels and doom scrolling? FANG had some hot takes on the state of the oil industry, including a warning that 'spreadsheet math' could be getting us into trouble again. Saudi Aramco is feeling the pain of depressed prices and is taking drastic steps to keep their dividend. Hart had an interesting article about the Uinta and new benches being tested. Finally, XOM CEO wonders how 'drill baby drill' translates to policy. Let's drill down.

Daily Headlines

• Diamondback sticks to production target in market that ‘remains volatile at best’ Ogj

• Saudi Aramco sees 15% profit drop but keeps dividend CNBC

• SM, Crescent Testing New Benches in Oily, Stacked Uinta Basin Hart Energy$$$

• Exxon CEO on U.S. election: ‘Not sure how ‘drill, baby, drill’ translates into policy’ CNBC

• Diamondback Touts Land, Cheap Gas to Lure Data Centers to Permian Hart Energy$$$

• Gulf of Mexico producers cut output ahead of storm risks gCaptain

• Oil hedging hits record in October, reflecting market risk BOE Report

• Permian Basin sees surge in exploratory projects BOE Report

• Investors seek opportunities in natural gas storage Deloitte Insights

• EIA reports higher crude inventories in November EIA

Deal Flow

M&A/Investment

• Targa advances expansion plans for Permian basin gas processing ogj

Only the Finest, Refined Memes:

Meme of the Day: #3

Meme of the Day: #2

Meme of the Day: #1