Locator: 44597CATTLE.
Cattle: holy cow! Cattle prices surge to an all-time high. Link here. Well, that's what we wanted, didn't we? FRED ground beef, here.
McDonald's: blue skies, all I see are blue skies! Ticker MCD yesterday:
My favorite chart, link here:
GDPNow, link here. 2.6% for 4Q24.
Tesla: sales were horrendous for 4Q24. For the archives.
US Steel: the best thing about this decision, it dispels all doubts about re-electing Trump.
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Back to the Bakken
WTI: $73.02.
Wells coming off confidential list:
Sunday, January 5, 2025: 4 for the month, 4 for the quarter, 4 for the year,
- None.
Saturday, January 4, 2025: 4 for the month, 4 for the quarter, 4 for the year,
- None.
- 40081, conf, Hess, EN-Trout-157-93-3130H-2,
- 40080, conf, Hess, EN-Trout-157-93-3130H-3,
RBN Energy: condensate production takes off in eastern Ohio's Utica shale.
The Marcellus/Utica is a natural-gas-and-NGLs play, right? Almost entirely, yes. But a handful of dogged, innovative E&Ps have been producing fast-rising volumes of superlight crude — better described as condensate — in the Utica Shale’s “volatile oil window” in eastern Ohio. In today’s RBN blog, we discuss recently ramped-up drilling-and-completion activity in that swath of the Buckeye State, the potential for more growth through the second half of the 2020s, and the impact of increasing output on Midwest midstreamers and refiners.
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