The Million Dollar Way (The Bakken Oil Blog)

Tuesday, September 15, 2026

Tuesday -- September 15, 2026

Locator: 51732B.

WTI: $103.30.

New wells reporting:

Wednesday, September 16, 2026: 36 for the month, 116 for the quarter, 473 for the year,

42027, conf, Oasis, Milkweed 5302 14-36 4B,
41720, conf, BR, HBU Hazel 2N, MBH,
41636, conf, BR, HBU Badlands 8S MBH,

Tuesday, September 15, 2026: 33 for the month, 113 for the quarter, 470 for the year,

42028, conf, Oasis, Milkweed 5302 14-365B,
41996, conf, Hess, EN-Will Trust C-157-94-2215H-6,
41993, conf, Hess, EN-Will Trust A-157-94-2734H-4,
41727, conf, BR, HBU Hazel 6S MBH,
41631, conf, BR, HBU Badlands 8S MBH,

RBN Energy: Enbridge saddles up for expanded crude service with Pony Express acquisition. Link here. Archived.

Enbridge is buying Tallgrass Energy’s crude oil transportation, gathering and storage business for US$2.55 billion in cash. The deal includes a 75% interest in the 1,050-mile Pony Express Pipeline, a roughly 460-Mb/d crude oil system linking Rockies production with the Cushing, OK, storage hub and providing direct access to about 500 Mb/d of refining capacity. Enbridge also gets a 51% interest in the Powder River Gateway system, about 8.4 MMbbl of storage capacity across nine crude terminals, and Stanchion Energy, a crude marketing business. In today’s RBN blog, we discuss what the acquisition means for Enbridge.

First, some background on Tallgrass Energy, a midstream company formed in 2012 and based in Leawood, KS, initially focused on natural-gas transportation. It entered the crude business following its August 2012 purchase of about 432 miles of the existing Pony Express Pipeline (pink line in Figure 1 below) from Kinder Morgan Interstate Gas Transmission. The line had originally been a crude-oil pipeline but was converted to natural-gas service in the mid-1990s. After receiving Federal Energy Regulatory Commission (FERC) authorization in September 2013, Tallgrass abandoned the line’s natural-gas service in December 2013 and converted it back to crude-oil service. It also constructed approximately 260 miles of new pipeline from Lincoln County, KS, south to Cushing, creating the original Guernsey-to-Cushing mainline, which entered commercial service in October 2014.

Monday, September 14, 2026

Headlines -- Mid-day -- And The Daily Activity Report -- September 14, 2026

Locator: 51731B.

Natural gas, Evan: link here. I generally supply the link because the social media comments are important.

Energy: I bought "oil" decades ago for the "oil." I'm sticking around for the "natural gas."

WTI: mid-day -- $102.40. Amazing. Even at $102, shares of refiners and integrated oil companies are highly volatile on Wti moves of 50 cents in one direction or another. Bonds, Fed rate, gold. Highly volatile.

Another factor: Ukraine and Russia are working on an agreement to quit striking energy infrastructure. WTI remains over $101, but oil stocks (equity) are continuing to come down from their highs earlier this morning.

Crowdstrike: up 15% today.

Schwab: Very, very interesting. The best going with the best. Anthropic targets wealth management with new AI tools and Schwab partnership. Link here.

Schwab is up slightly today; Let's stick a pin in it and look at Schwab five years from now. See disclaimer.

Jonny Evans: this link might be helpful.

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Back to the Bakken

WTI: $102.70.

Active rigs: 32.

No new permits.

Four producing wells (DUCs) were reported as completed:

41603, 1,360, BR, Sivertson 6F, McKenzie,
41604, 905, BR, Sivertson 6G, McKenzie,
41613, 329, BR, Sivertson 6H, McKenzie,
42240, 2,739, CLR, Charleston 7-15H, Williams County; a monster well, see below.

Wow, look at this CLR Charleston well and this link:

holy mackerel -- 42240, drl/A, CLR, Charleston 7-15H, Brooklyn, t6/26; cum 173K after < 2 months; note 85K in the first month; and 88K in the first full month;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2026	31	88179	87984	62121	184054	183367	268
BAKKEN	6-2026	28	84589	83850	70865	150390	112465	37547

Off The Net For Awhile -- 8:17 A.M. -- September 14, 2026

Locator: 51730SPORTS.

Gonna spend the morning watching sports talk television. Good luck to everyone.

Get Up!

Next up: Stephen A.

I can't wait to see Stephen A show up in a Stetson smoking a Montecristo or a Cohiba. LOL.

Later: waiting for the Air India 171 mishap June 12, 2025, report. It's been more than a year since this mishap. But then again, the Indian Supreme Court inserted itself into the investigative response.

AAPL -- Reminder: Disclaimer -- September 14, 2026

Locator: 51729DISCLAIMER.

AAPL: up $1.47 in pre-market trading. Futures.

Dell: down 5% in pre-market trading. Futures.

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Disclaimer

Briefly:

I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.
I am inappropriately exuberant about the US economy and the US market.
I am also inappropriately exuberant about all things Apple.
See disclaimer. This is not an investment site.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
I am also inappropriately exuberant about all things Apple.
And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM.
Longer version here.

Your Personal Assistant -- September 14, 2026

Locator: 51728MUSE.

Tag: Facebook Muse

The big story today: one's personal assistant. The personal assistant for the rest of us. Most of us already have it. Maybe we will talk about it later.

Reality: link here or link to Barron's. Why Nvidia stock (NVDA) coud be the best chip bet in an AI slowdown.

Let’s be clear, an AI slowdown led by Anthropic and OpenAI would be bad news for Nvidia. It might eventually reduce demand for its chips from two major customers and reduce or delay the benefit it expects from their IPOs.

Nvidia invested $30 billion in ChatGPT-developer OpenAI at a valuation of $730 billion in February. It agreed to invest up to $10 billion in Anthropic late last year, which CNBC reported at the time put Anthropic’s valuation at around $350 billion. Either of those two not launching an expected-mega IPO as planned would hurt.

But, at the same time, Nvidia has been reducing dependence on a few large customers by backing the wider AI ecosystem, investing in start-ups and supporting open-source AI models—meaning those free for users to download and modify. That contrasts with OpenAI or Anthropic, which generally maintain full control of their models. Nvidia just struck a $12.9 billion deal to acquire open-source AI development platform Hugging Face earlier this month.

Winner: someone consumers can trust. Apple.

See disclaimer.

The real winner: China.

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Disclaimer