Locator: 48080B.
XOM: 2Q24 earnings -- this is from Charles Kennedy so you know it's got to be good.
$700 million / $8.2 billion = 8.5%.
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Elsewhere
Market: biggest winner of the day -- GLW. Per CNBC. We talked about this earlier.
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Back to the Bakken
WTI: $82.21.
Active rigs: 38.
Six new permits, #40903 - #40908, inclusive:
Three permits renewed:
One producing well (a DUC) reported as completed:
Locator: 48079INV.
Huge upgrades for NVDA and TSM (market cap may have briefly touched $1 trillion -- may exceed BRK-B market cap. Right now: TMS at $820 billion; BRK-B at $880 billion.
On huge day for chips, BRK-B continues to fall.
See disclaimers. This is not an investment site.
Big story today: GLW.
Today: Josh Hunt is exuberant!!
CNBC's "Half-Time Report."
Amazing.
Ticker:
One can't build data centers without copper and / or glass.
Personal investing:
Ticker:
Locator: 48078GEOGRAPHY.
And explain your answer in fifty words or less.
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Kraken / Crescent Point
I think I've posted this link numerous times, but somehow I continue to get inquiries.
Crescent Point Energy --> Neptune Operating --> Kraken:
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Apple Volatility
Apple just turned green.
The S&P is "up" for five days in a row. Mostly tech.
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Evolution
Why we alone in the universe. Link here.
Are we alone, and if so, why? So far, the search for extraterrestrial life has turned up nothing but silence—and a team of geoscientists now think they know why.
Geology. The presence of oceans, continents and plate tectonics on Earth is most likely the reason there is no evidence for advanced extraterrestrial civilizations, according to new research by the University of Texas at Dallas and the Swiss Federal Institute of Technology in Zurich.
Published in Nature’s Scientific Reports, a new paper explores the lack of “active, communicative civilizations” and suggests a change to the Drake Equation, a formula devised by astronomer Dr. Frank Drake in 1961, which astronomers use to estimate the number of intelligent civilizations in our galaxy capable of communicating with humans. The Drake Equation is about formulating a question, but it provides no answer.
One part of the Drake Equation refers to the fraction of life-bearing planets where intelligent life emerges. The new research suggests that the necessity for large oceans, continents and plate tectonics—the latter lasting for over 500 million years—should also be taken into account.
This suggested qualifier to the Drake Equation regarding oceans, continents, and plate tectonics makes active, communicative civilizations far less likely. That's important because the Drake Equation multiplies several factors—such as the fractions of stars with planets, and planets on which life appears—to estimate the number of intelligent civilizations in our galaxy. Yet, there has been no evidence of any life beyond Earth. This is referred to as the Fermi Paradox, as suggested in 1950 by Nobel Prize-winning physicist Enrico Fermi.
The Drake Equation, say the researchers, assumes that an intelligent civilization would logically evolve on all life-bearing planets. This research suggests something else. Earth is the only planet in the solar system with plate tectonics. “It is much more common for planets to have an outer solid shell that is not fragmented, which is known as single-lid tectonics,” Stern said. “But plate tectonics is much more effective than single-lid tectonics for driving the emergence of advanced lifeforms.”
Locator: 48075B.
Tech stocks are surging today -- early morning trading. Absolutely surging.
AAPL dropped over $2.40 at the open, but earlier:
Apple Watch: news. Ultra-sized?
Renewables crash:
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Back to the Bakken
Devon to buy Grayson Mill, announced.
WTI: $82.23.
Tuesday, July 9, 2024: 23 for the month; 23 for the quarter, 349 for the year
40252, conf, CLR, Benner 4-7H, the CLR Benner wells are tracked here;
39964, conf, Petroshale, Primus 1TFH, the Primus wells are tracked here.
39527, conf, Petro-Hunt, Burian 144-98-15B-22-2H,
39427, conf, Hunt, Blue Ridge 159-100-5-8H 3,
Monday, July 8, 2024: 19 for the month; 19 for the quarter, 355 for the year
40319, conf, Kraken, Maddie 10-15-22 3H, the Maddie wells are tracked here.
40298, conf, Whiting, Sanish Bay E Federal 5292 31-6 4B,
40234, conf, Empire North Dakota, Bobwhite 29-2 1H,
39924, conf, Slawson, Switchback 4-21UTFH,
39528, conf, Petro-Hunt, Burian 144-98-15A-22-3H,
39428, conf, Hunt, Blue Ridge 159-100-5-8H 4,
Sunday, July 7, 2024: 13 for the month; 13 for the quarter, 349 for the year
40382, conf, Kraken Maddie 10-15-22 4H, the Maddie wells are tracked here.
40282, conf, Whiting, Sanish Bay E Federal 5292 31-6 5B,
40251, conf, CLR Benner 3-7H, the CLR Benner wells are tracked here;
39925, conf, Slawson, Switchback 5-21UTFH,
Saturday, July 6, 2024: 9 for the month; 9 for the quarter, 345 for the year
40383, conf, Kraken, Maddie 10-15-22 5H, the Maddie wells are tracked here.
40250, conf, CLR, Benner 2-7HSL, the CLR Benner wells are tracked here;
RBN Energy: US oil, gas, and NGL markets face challenges and opportunities.
Back in the early 2010s, U.S. crude oil and NGL exports were minimal and LNG exports were non-existent, but there were omens that the U.S. would soon regain its status as an energy production juggernaut. Now the U.S. is a critically important global supplier of oil, gas and NGLs, with exports crucial to managing supply and demand as infrastructure rushes to keep up and industry players simultaneously explore alternative energy possibilities.
Locator: 48074B.
Devon said the deal, expected to close by the end of the third quarter, will add 307,000 net acres to the company’s position in the Williston Basin.
The energy producer expects its output to grow to 765,000 barrels of oil equivalent per day (boepd) from 664,000 boepd.
The acquisition helps extend Devon’s drilling inventory in the Williston Basin, Scott Hanold, analyst at RBC Capital Markets, said but added that the price seems a bit high.
$5 billion / 307,000 acres = $16,000 (compare with $57,000 / acre in the Permian)
$5 billion / 101,000 boepd = $49,500 / boe/pd (compare with $75,000 / boepd in the Permian)
Devon is tracked here.
Grayson Mill acquired Equinor's assets in the Bakken, February 10, 2021.
