WTI Holds At $72; One Permit -- Monday, February 24, 2025

Locator: 48421B.

Wow, a great day. The forecast was for 71° and it hit a high of 73°. Sunny and no wind. Whoo-hoo! Spring is here, the best time of the year, here in north Texas.

The NASDAQ pulled back today and I had one of my better days in the market. 

I may say something about Apple later, but wow, BRK was incredible. I remember two years ago, or was it last year, that GEICO was struggling and now it's had a great turnaround. That GEICO gecko can take all the credit. It was also noteworthy that BRK had minimal losses due to fires in California. Pretty amazing. Ticker BRK-B was up almost 5%; up almost $20; and traded at a 52-week high. This was not on my bingo card today.

Okay, back to the Bakken.

Transfer Energy vs Greenpeace: finally in court. DAPL. Link to NYT. I probably won't follow the court action or post updates unless major updates. There's been a lot of talk that Greenpeace could lose this case. My hunch: framed as a "free speech" case, Greenpeace will prevail.  

Greenpeace went on trial on Monday in North Dakota in a bombshell lawsuit that, if successful, could bankrupt the storied group.

The Dallas-based company Energy Transfer sued Greenpeace in 2017, accusing it of masterminding raucous protests over the construction of the Dakota Access Pipeline near the Standing Rock Sioux Reservation nearly a decade ago. The activists say the lawsuit is a thinly veiled tactic to suppress free speech and set a chilling precedent for protest groups, and that Greenpeace played only a supporting role in demonstrations that were led by Native Americans.

“This trial is a critical test of the future of the First Amendment, both freedom of speech and peaceful protest under the Trump administration and beyond,” Greenpeace’s interim director, Sushma Raman, said in public remarks on Thursday.

Energy Transfer declined to comment in advance of the trial. In a statement in August, it said the lawsuit against Greenpeace was “not about free speech as they are trying to claim. It is about them not following the law.”

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End-Of-Day Report

WTI: $70.99.

Active rigs: 31.

One new permit, #41641:

• Operator: Grayson Mill
• Field: Camp, McKenzie
• Comments:
• Grayson Mill has a permit for a Marvin well, SEW 22-152-101, 
• to be sited 620 FSL and 1829 FWL.