EOD -- March 12, 2025

Locator: 48498B.

Breaking:

Tea leaves: no one cares. In fact, some may welcome it.

• for the GOP, it's a win-win;
• for the opposition, at best, break-even
• unlike other administrations that attempted to minimize the impact of a government shutdown, the current administration my seek areas that need to be shut down ... perhaps the Department of Education; FEMA; Veterans Affairs. 
• could the Department of Defense furlough all but mission essential?
• could certain bases, posts, stations be mothballed to standby (particularly in blue states, like California?)
• another BRAC?
  
• some folks seem to forget that Trump cannot run for another term.
  

US equity market:

• I keep hearing the word "correction."
• to the eighteen-year-old who is just starting to invest, it seems "opportunity" is a better word.
• same with almost anyone with a 30-year rolling horizon

Eggs: the price of eggs, still expensive, but the prices have either leveled off or decreased slowly; no shortage of eggs, in general; the story is going away. 

Liberty Plaza: google black lives matter liberty plaza. Link here.

• reparations? LOL.

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

WTI: $67.68.

Active rigs: 30.

Four new permits, #41696 - #31699, inclusive:

• Operator: Hess
• Field: Truax (Williams)
• Comments: 
• Hess has permits for four SC-Bingeman wells, SWSE 9-154-98, 
• to be sited 405 / 508 FSL and 2249 / 2348 FEL.

One permit canceled:

• 39731, PNC, Neptune Operations, CPEUSC Walters, Williams County.

Permitted for recompletion:

• 13785, Scout Energy, Steffan 2-2, SWSW 2-139-97, Stark County, sited 1140 FSL and 1320 FWL. Dickinon Heath Sand Unit.

• Production history:

• This well is about a quarter-mile away from #13785:

• 13715, 2,707, Scout Energy, Knopik 1-11, Lodgepole formation, t12/94; cum 1.450253 million bbls of crude oil: