Locator: 51844B.
WTI: $90.41.
New wells reporting:
RBN Energy: pending.
Locator: 51843MICRON.
Market action certainly suggests "things just below the surface" don't look anywhere as good as they seem in tech. Check out Mattel today, the outgoing CEO, and where he's headed. Seriously, did Ynon Kreiz do anything at Mattel. I seriously don't know but the eight-year chart looks awful. Trading near $50 in 2013, Mattel's share price has fallen steadily, and is now barely above $11. The overall economy, for investors, has a lot of red flags - at the end of the day, Micron had an incredible report but it was not a bit reassuring. "Everything," it appears, had already been baked into the earnings call and the market's reaction to the earnings call.
Has memory become the new oil? IYKYK. I don't know. Micron, 4Q26, ending August, 2026:
What does Micron make and who uses what chips? Link here. Link here: https://share.google/aimode/PM5VeiIkCjuF4p1NH.
Cash on hand and operating cash flow: absolutely insane (rounded) --
Locator: 51842B.
Has memory become the new oil? IYKYK. I don't know. Micron:
The latest survey shows both oil and gas production increased again in the third quarter across Texas, southern New Mexico and northern Louisiana, meaning producers have now reported rising output for two consecutive quarters. The region includes the Permian Basin, the country’s largest oil-producing basin, as well as the Eagle Ford and Haynesville.
The spending outlook was much weaker beyond the current increase. The index measuring expected capital expenditures for the following year was zero in the second quarter, even as current spending climbed.
U.S. inventories are adding another complication, with commercial crude stocks increasing by 900,000 barrels last week to 427.3 million barrels, according to EIA data released Wednesday. Distillate inventories moved in the opposite direction, falling 2.3 million barrels and leaving stocks 14% below their five-year average for this time of year.
Strait of Hormuz: according to Rigzone, "Middle East oil flows are nearing pre-war levels as shipments through Hormuz and alternative routes rebound."
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More From The Bakken
WTI: $90.41.
Active rigs: 33.
Five new permits, #43354 - #43358, inclusive --
Approved for re-entry:
Re-entry permit canceled:
Five permits renewed:
Locator: 51841TRAVEL.
Generally speaking, one's gate / terminal will change at least twice while waiting for your departure flight at DFW, Texas.
Currently there are five passenger terminals at DFW, but starting in 2027, that will increase to six passenger terminals, increasing the tour by 20% over the current tour. Each terminal has something different to offer: one has a hotel; one has the USO center for traveling military members; one has a motocross track for off-roading vehicles, etc.
I've been informed that the motocross track for off-roading vehicles does not exist at DFW. Sorry. My bad.
Locator: 51840PHILANTHROPY.
PART 2: Now, more story lines.
There are so many story lines here.
PART 1: This was post earlier.
Remember the story of the largest known donation ever to an American university: Nike founder to University of Oregon? Just a few days ago. It's on the blog somewhere.
Now we have a tie: Ken Griffin's $3 billion donation to Carnegie Mellow (but he divides that total donation among two different campuses).
Ken Griffin Carnegie Mellon: $2 billion -- a CNBC report this morning:
Carnegie Mellon University --
Carnegie Mellon University's main campus is located in Pittsburgh, Pennsylvania, and a new Miami campus is planned for the Wynwood neighborhood backed by a historic $3 billion gift from Citadel CEO Ken Griffin.
Folks may remember this recent Citadel story:
