Locator: 52038B.
AI's rep: two days ago, "everyone" on CNBC hated AI /SI, but all of a sudden the tone seems to have changed; now "everyone" loves AI / SI as long as we're not talking about guppies -- with apologies to Elon Musk.
Sports:
- Joe Buck: new contract -- $108 million / 6 years = $18 million / year
- Troy Aikman: wants new contract to raise annual salary from $18 million to $30 million / year
- bring Tony back. Tony's was a ten-year contract, signed in 2020, for $18 million / year
- Jim Nantz, $10.5; Chris Collinsworth, $12.5.
- so, apparently, $20 million is the new $10 million.
GM: to move to Nasdaq on November 17, 2026. What GM needs to do? Move to Apple CarPlay.
GLW: earnings beat on top line / bottom line, and guidance is great. Analysis. Link here for earnings.
SCCO: reported earnings last week; results beat estimates.
BA (Boeing): free cash flow significantly higher than expected -- driving shares higher -- despite fact that the loss in earnings was wider than expected.
- holy mackerel -- net loss of $116 million (26 cents per share unadjusted; 34 cents per
share adjusted) was a major improvement from the $5.34 billion loss
reported during the same quarter last year.
- that quarterly loss last year was not an anomaly; it was not a one-off -- holy mackerel -- link here. Link: https://share.google/aimode/yZEFZ5JA1AFmTM2kB.
META shareholders to pay Mark Z.'s California wealth tax? Not quite that simple. Link here. Link: https://share.google/aimode/xlG28jPcHWPf2Jt1Q. Having said that, raising taxes on billionaires simply results in billionaires finding ways to add more to their net worth to "cover" "wealth taxes."
*****************************
Back to the Bakken
WTI: $100.80 Monday evening after close —> $101.83 overnight --> $102.10 at 6:51 a.m. CT.
New wells reporting:
- Thursday, October 29, 2026: 66 for the month, 66 for the quarter, 565 for the year,
- Wednesday, October 28, 2026: 66 for the month, 66 for the quarter, 565 for the year,
- Tuesday, October 27, 2026: 66 for the month, 66 for the quarter, 565 for the year,
- 42748, conf, Slawson, Warlock Federal 1-15-13H,
- 41908, conf, Devon Energy, Owan Trust North 29-28-27F 1H,
- 41486, conf, Devon Energy, Barbara 31-30F 2TFH,
- 41483, conf, Devon Energy, Barbara 31-30F 6TFH,
RBN Energy: EQT's Range Resources deal to supercharge inventory and boost midstream opportunities. Link here. Archived.
With its newly announced, $50 billion-plus combination with Range
Resources, EQT Corp. — already the largest natural gas producer in the
Marcellus/Utica — will overtake Expand Energy as the king of the gas
jungle in the U.S. as a whole. But EQT’s planned acquisition of Range
isn’t really about size. Instead, the transaction is largely aimed at
supercharging EQT’s gas inventory and giving it an edge in lining up
long-term gas-supply agreements with power generators and other big gas
customers. It’s also about expanding opportunities to develop new
pipelines to transport gas, especially to fast-growing Midwest demand
centers. In today’s RBN blog, we’ll discuss the EQT/Range deal and its
implications.
Unless you took a mini digital detox on Monday, you probably heard
that EQT Corp. and Range Resources have entered into a definitive
merger agreement under which EQT will acquire Range in an all-stock
transaction. The end result, as they put it: “America’s leading natural
gas company with a pro forma enterprise value over $50 billion.” If, as
expected, the deal closes in Q1 2027, the combined company will have
more than 9 Bcfe/d of net production, more than 30 years of inventory
across nearly 3 million acres, and more than 3,700 miles of midstream
infrastructure. (EQT shareholders will own about 73% of the combined
company and Range shareholders will own 27%.)
Key paragraphs in that blog:
Many more
deals like these are likely, not just in Pennsylvania and West Virginia
but especially in Ohio, which has emerged as an epicenter of new data
centers and related gas-fired power projects. In fact, EQT just
increased its estimate for Appalachian gas demand growth through 2035 —
most of it from power generators — to 25 Bcf/d from the old 20 Bcf/d.
Most of that growth is expected to occur in
the 2029-31 period, when a tsunami of new data centers is expected to
come online. Only about 5 Bcf/d of those incremental gas needs
have been secured so far, suggesting that EQT and
other gas producers in the Marcellus/Utica will be scrambling to reach
long-term deals with gas plant owners/operators.
