Locator: 51381B.
Factoid: CENTCOM originated in the 19800s. President Jimmy Carter established the Rapid Deployment Joint Task Force in March, 1980.
Intel: looking to increase the capital raise through increasing equity sales from $15 billion to $20 billion.
Anthropic could go public in less than two months. This might be the "real thing."
Commodities: the unexpected story of 2026 -- copper.
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Back to the Bakken
WTI: $82.03.
New wells reporting:
- Thursday, August 13, 2026: 28 for the month, 69 for the quarter, 413 for the year,
- 42166, conf, Slawson, Shad Rap Federal 4-2-3H,
- Wednesday, August 12, 2026: 27 for the month, 68 for the quarter, 412 for the year,
- 42167, conf, Slawson, Shad Rap Federal 3-2-3H,
- Tuesday, August 11, 2026: 26 for the month, 67 for the quarter, 411 for the year,
- None.
RBN Energy: northeast gas projects move forward, one step at a time. Link here. Archived.
Efforts to move more natural gas into gas-starved New England are picking up steam. Enbridge recently said the open season for its Project Beacon, an expansion to the Algonquin Gas Transmission (AGT) system into and through New England, fared better than expected and remains a top priority. At the same time, DT Midstream is moving ahead with one expansion of its Millennium Pipeline, which moves Marcellus/Utica gas to a key AGT interconnection, as it weighs a much larger one. In today’s RBN blog, we’ll update Project Beacon’s status and dig into the two Millennium projects that will help boost supplies to New England.
As we discussed in Movin’ Out, Marcellus/Utica producers have wanted to send more gas into New England for years. But most big expansion projects have, until relatively recently, hit massive resistance. Regulators and elected officials are now more open to brownfield projects that build on existing infrastructure, especially if they help reduce the need for diesel-fired power during peak winter demand. The nearby Marcellus/Utica still has plenty of gas to meet rising demand, but more production only matters if the pipeline capacity exists to move that gas to market. (For a deep dive into the Northeast gas market and how it may be poised for a reawakening, see our recently published Drill Down report, Wake Me Up.)
Let’s start with a bit of background. In September 2025, Enbridge, owner of the 3.1-Bcf/d AGT system that stretches from New Jersey to eastern Massachusetts (purple lines in Figure 1 below), sanctioned the development of the AGT Enhancement. The project, scheduled for completion in late 2028, is designed to ease constraints along the 1,130-mile system and increase its capacity during peak-demand periods by 75 MMcf/d. This project involves:
- Installation of about 3 miles of new 36-inch-diameter looping pipeline (i.e., parallel piping; yellow boxes in Figure 1 below) along the AGT system near Burrillville, RI
- Replacing more than 8 miles of existing 16-inch pipeline in Massachusetts’s Norfolk and Worcester counties and Rhode Island’s Providence County with 36-inch pipe (green boxes)
- Adding more than 2 miles of 12-inch looping pipeline in Newport County, RI (dark-blue boxes)
- Making software improvements to AGT’s existing compressor station in Cromwell, CT (orange boxes)
