Updates
July 3, 2022: there appears to be an easy explanation for the huge increase in royalty payments noted in the first post below. The company "found" two wells going all the way back to 2013 on which the owner was due royalties.
Original Post
The Bakken: I honestly cannot explain this.
A reader asked me if I might know something:
This particular reader generally receives less than $500 / month on his mineral holdings from a particular company.The last two months have been running about $350 / month.This month his royalty check was for $1,300.The reader sent me a list of the operator's wells in which he owns minerals.Total production has decreased slightly but only slightly.My hunch: the reader has wells of which he/she is unaware.Or the operator is doing very, very well with unhedged sales. LOL.
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Not The Bakken
And no one cares (except for a few creditors): Russia defaults on foreign debt for first time in 104 years. Raise your hand if you think Putin cares. LOL.
Peter Zeihan, c. 2022: if you're not reading his book ... well, my heartfelt condolences.
- France is in deep doo-doo, but in the short term, Germany is in even worse trouble
Apple subscribers: could be a lot more than we might think.
WTI: previously posted, but now with a link --
WTI is up 2.2%, up $2.36, trading at $110.10 on the news that:
- EIA won't be posting weekly data today
- strange that the "systems" malfunction didn't affect reporting natural gas fill rate
- OPEC has no spare capacity; OPEC is producing "flat out" -- French Macron after phone call to Mideast energy minister;
- since OPEC won't talk directly to Biden, he goes through his French intermediary
China re-opening. Link here.
Enbridge update and global implications: S&P Global.
Recession? Really? Link here. Apparently US manufacturers haven't gotten the memo. US core CAPEX order backlog at record high: FRED.
