TGIF -- BofA's 4Q24 Profits More Than Double -- Friday, January 17, 2025

Locator: 44698B.

Biden: I have no problem with Biden's latest commutations, but it's almost as if the Big Guy has morphed from whatever he was to someone with a God complex. 

From Yahoo!Finance this morning:

Google AI:

Location, location, location: I've always considered BofA to be a California bank, like Wells Fargo. But now, BofA is, of course, regional but now headquartered in North Carolina.

Now, we have the unprecedented fires in southern California. One wonders if there are dots to connect. 

BofA (BAC):

• year-to-date: 46%
• p/e: 17
• pays: 2.23%

SpaceX: I hope I never get tired of watching this. Link here.

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Back to the Bakken 

WTI: $78.88.

New wells:

• Sunday, January 19, 2025: 32 for the month, 32 for the quarter, 32 for the year, 

• 40296, conf, BR, Kellogg Ranch 2A TFH,
• 40101, conf, Storsul Federal 158-93-8-5-2MBH,
• 40082, conf, Hess, EN-Halvorson-157-93-3229H-7,
• 37975, conf, BR, Concord 3B,

• Saturday, January 18, 2025: 28 for the month, 28 for the quarter, 28 for the year,  
• 40098, conf, Silver Hill Energy Operating, LLC, Paige Federal 158-93-18-19-4MBH,
• 33070, conf, BR, Mancord 14-10 MBH-ULW,
• Friday, January 17, 2025: 26 for the month, 26 for the quarter, 26 for the year, 
• 17384, conf, Mercury Resources, Jean Baptiste 1-11H,

RBN Energy: gas markets players seek optionality with new Gulf pipelines. 

Natural gas production in the Permian is still on a roll — increasing so fast that midstream infrastructure can barely keep up. But producers, marketers and shippers want more than new takeaway capacity. They also need to know that the pipeline systems they sign up with can reliably move their gas to markets where they can get the best price. Put simply, they are demanding optionality. In today’s RBN blog, we discuss the optionality provided by a WhiteWater Midstream-led joint venture’s (JV) expanding gas pipeline network in Texas, including a brand-new project between the Agua Dulce and Katy gas hubs that’s in the works.