Locator: 52150B.
Inflation numbers today: a rate increase before the end of 2026 is guaranteed. The question is whether the Fed surprises us with a 50-base point increase.
Apple: Josh Brown -- perhaps the best analyst I follow, certainly the most enjoyable to follow, said yesterday that AAPL is the stock trade of the year.
Nvidia: 74% chance Jensen Huang returns to Nvidia. Steve Jobs did. We all know how that turned out. [Posted prior to the Haas news. That changes everything. If a "Haas" takes the job, Haung won't be coming back.]
Rivian: update here. Upbeat article but between the lines not a great look for Rivian.
Hope springs eternal: housing sector feels things will turn around if rates decline -- but that's not gonna happen. Analysts looking for at least a 25-basis point increase in the Fed rate -- possibly two quarter basis points --
Apple: if you positively, absolutely rely on e-mail, stick with Apple.
Microsoft 360: went down globally about noon US ET yesterday; by midnight, MSFT 360 was pretty much back up across the US but still significant problems overseas. Later, 7:47 a.m. November 13, 2026: still having problems; in fact earlier this morning had a small jump in number of folks affected; this is very, very strange.
From yesterday, Thursday: one expects everything should be back to normal by today (Friday, November 13, 2026), but we wont' know until we know. It's not clear what happened but Microsoft says it was not due to an external hacker.
IRA contribution limits: for 2027, IRS releases contribution limits -- some minor tweaks but IRA limits were left unchanged for the most part.
Trump: advised Jensen Huang to fight for his job. That speaks volumes about how Trump would have handled it had he been in a similar situation. Oh, that's right ....
Much could be said.
Book page: Anne Carson's translation of four plays by Euripides, Grief Lessons: Four Plays, c. 2006. Interesting, limited availability. I got the softcover. The hardcover was way out of my price range. Notes will be kept here.
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Back to the Bakken
WTI: $88.43.
New wells reporting:
- Sunday, November 15, 2026: 42 for the month, 108 for the quarter, 607 for the year,
- 42394, conf, KODA Resources, Ale 2436-4BH,
- 41405, conf, Enerplus, MHA Olympic 4994 42-31-10B,
- 41402, conf, Enerplus, MHA Aspen 4994 42-31-8B,
- 41396, conf, Enerplus, MHA Fly 4994 42-31 3BX,
- Saturday, November 14, 2026: 38 for the month, 104 for the quarter, 603 for the year,
- 42474, conf, Phoenix Operating, Afseth 34-3-10 4HF,
- 42473, conf, Phoenix Operating, Afseth 34-3-10 3HF,
- 42472, conf, Phoenix Operating, Afseth 34-3-10 2HF,
- 42148, conf, Enerplus, MHA Cacao 4893 31-14 8BX,
- 42147, conf, Enerplus, MHA Cod 4893 31-14 8BX,
- 41397, conf, Enerplus, MHA Vail 4994 42-31 4T,
- Friday, November 13, 2026: 32 for the month, 98 for the quarter, 597 for the year,
RBN Energy: developers of greenfield gas storage projects battle for Gulf Coast customers. Link here. Archived.
The Gulf Coast needs a lot more natural gas storage capacity,
and while brownfield expansions at existing salt cavern facilities will
likely prevail in the near term, there is a limit to expansion
opportunities. That opens the door to greenfield storage projects,
especially those that can offer tried-and-true salt formations,
proximity to LNG export terminals, connectivity to multiple gas
pipelines, and high gas-injection rates. In today’s RBN blog, we
conclude our series on Gulf Coast gas storage with a look at more
greenfield projects.
In Part 1
of this series, we said the Gulf Coast gas storage market is now in the
midst of a massive buildout expected to continue into the early 2030s.
The growth is driven primarily by the storage needs of new and expanding
LNG export facilities. Part 2
discussed the sharply higher gas storage rates that LNG terminal
operators in particular are now willing to pay and considered how much
new gas storage is likely to be built along the Gulf Coast over the next
few years. Part 3 and Part 4
reviewed several of the storage projects currently under development,
beginning with brownfield expansions and then starting a look at
greenfield projects. Today, we conclude that review.
For
starters, a reminder that brownfield salt cavern projects typically
have an economic advantage because much of their required infrastructure
(compressors, brine management systems, pipeline interconnections,
etc.) is already in place. But with strong demand for storage space, at
least a few of the best greenfield projects — the ones with good salt
formations, sites, interconnections and injection rates — are likely to
advance to a final investment decision (FID) over the next couple of
years.
Sempra Infrastructure
Sempra
Infrastructure’s LA Storage project in Cameron Parish, LA (magenta tank
icon in Figure 1 below), is in a category of its own for two reasons.
First, while LA Storage may be considered a greenfield project in that
there are no existing gas storage caverns at the site, Targa Resources
operates several NGL storage caverns nearby and the U.S. Department of
Energy operates several more for crude oil storage at its Strategic
Petroleum Reserve’s (SPR) Hackberry site. Second, unlike projects that
have yet to reach FID, the three-cavern first phase of LA Storage, with a
working gas capacity of 12.5 Bcf, reached FID in September 2023, is
under construction, and is slated to come online in Q2 2027. Phase 1
will have a maximum injection capacity of 1.5 Bcf/d and a maximum
withdrawal capacity of 1.5 Bcf/d.
