Manic Monday -- December 16, 2024

Locator: 44466B.

News: federal government to deploy "drone detection system" (DDS) over New York.

Now, isn't this interesting? What is one of the most serious military hardware national security issues right now? Drones. What do we need? A DDS. What would have happened had Biden announced this two years ago? No way would "they" let the Feds do that. So, how to expedite rolling out DDS? Get folks and state governments panic, demand that something be done. And, here we go. 

Palantir: by the way, name a company that is well-positioned to collect and mine all that data generated by a DDS. Name a company whose share price has just received an upgrade this morning? 

US equity: futures suggest a "green" open.  

Softbank CEO: to make a pilgrimage to Mar-a-Lago. Will commit to $100 billion in US investment. Link here. Trump 2.0 is tracked here.

SEC, Chairperson of the SEC Commission: Gary Gensler. Later: agrees to resign on January 20, 2024. Hangs on to the very last minute. Trump's nominee: Paul Atkins. Forbes. Also here.Wiki simply states he is married with three sons. In fact, his wife and one of his wife's two brothers are the only two grandchildren of one of the richest men in the US. Absolutely fascinating. They are each estimated to have a net worth greater than $1 billion. Trump is playing 3D chess.

Despite his career in the public eye, Atkins’ link to one of the wealthiest families in the Midwest has not been previously reported. His wife Sarah Humphreys Atkins, whom he married in 1990, is the only granddaughter of Tamko Building Products founder E.L. Craig. An entrepreneur who had started and sold several ventures including a boxing gym and frozen custard shop, Craig started the roofing business in 1944 at the age of 69 in an old streetcar barn in Joplin, Missouri. [Only granddaughter, but one of three grandchildren.]

CNBC: segment this morning -- Trump 2.0; CEOs meeting with Trump; the Trump-Musk relationship. The next four years are going to be incredible for media and media advertising. The economy? This could be 1929 all over again -- Trump presidency, assuming he doesn't leave office prematurely and assuming I have my dates correct -- both huge assumptions -- 2025 - 2028 and will usher in 2029.

***********************************
Back to the Bakken

WTI: $70.48.

Today's well of interest:

37585, conf, Enerplus, Yttrium 147-93-16A-21H, coming off confidential list. on Enerplus' "Heavy Metal Pad #1":

Date	Oil Runs	MCF Sold
10-2024	24502	15307
9-2024	17937	12116
8-2024	25924	21238
7-2024	34181	10006
6-2024	20938	9579

Tuesday, December 17, 2024: 26 for the month; 129 for the quarter, 656 for the year

• None.

Monday, December 16, 2024: 26 for the month; 129 for the quarter, 656 for the year

• 40038, conf, Hess, BL-Hersel-156-95-0910H-1,
• 38489, conf, Petro-Hunt, State 153-95-17B-16-3H,
• 37585, conf, Enerplus, Yttrium 147-93-16A-21H,
• 35512, conf, Enerplus, FB Clinton 148-94-29B-32-10B,

Sunday, December 15, 2024: 22 for the month; 125 for the quarter, 654 for the year

• None.

Saturday, December 14, 2024: 22 for the month; 125 for the quarter, 654 for the year

• None.

RBN Energy: US LNG at a standstill waiting out construction, regulatory, legal delays.

U.S. LNG was poised for a year of massive growth in 2024, with new terminals and expansions set to cause feedgas to rise and commercial success in the years following Russia’s 2022 invasion of Ukraine set to spur further LNG project development.

Instead, construction delays have pushed projects back and feedgas in the past three months has averaged about 500 MMcf/d less than the same period last year. Meanwhile, the Biden administration’s pause on non-free trade (FTA) export licenses, lengthy delays to the Federal Energy Regulatory Commission (FERC) authorization process and the resulting legal challenges to both have brought project development to a near-standstill. In today’s RBN blog, we look at current U.S. LNG feedgas demand and how construction delays have shifted expectations for the next few years.