Locator: 44855B.
Hegseth leaks:
- politics:
- anti-Trumpers: huge leak; huge story; Hegseth needs to be fired
- Trumpers: a non-story
- they can both be right
- Old Guard: definitions have not changed; rules have not changed (except when it comes to Hillary)
- New Guard: their own definition of what's classified and how it's handled; New Guard has moved on -- into the 21st century of AI, and the speed of light.
- as long as Hegseth has Trump's back, this is -- as Trump says -- a non-story
Biggest security leak: recent comments by President Trump re: Israel's plans to strike Iran. Now that was incredible! That was a serious security breach.
Politics: their own base has lost faith in their party.
Dems at all-time low in polling. Of course, there are so many polls out there, who really knows? Whatever.
The most important thing: Hakeem Jeffries is channeling Barack Obama. Next thing we'll hear: there are questions about Jeffries' birth certificate. LOL. The newest face of the Dems: 25-year-old activist David Hogg who is now able to write $100,000 checks to support his candidates. He's slightly left of Hillary. The average SAT score to get into Harvard: 1550. Hogg's SAT: 1270. Well below the cut-off for a Harvard admission. Hogg graduated from Harvard in 2023; matriculated in 2019.
Biggest news story that still has me thinking: TSM's activity in Phoenix. Latest update.
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Back to the Bakken
WTI: $63.12.
New wells:
- Tuesday, April 22, 2025: 79 for the month, 79 for the quarter, 286 for the year,
- 41149, conf, BR, Watchman Peak 5B,
- 39761, conf, Grayson Mill, Orville 4-9 6H,
- Monday, April 21, 2025: 77 for the month, 77 for the quarter, 284 for the year,
- 40442, conf, Silver Hill Energy Operating, Tucson 158-94-26-35-5MBH,
- Sunday, April 20, 2025: 76 for the month, 76 for the quarter, 283 for the year,
- 40667, conf, Grayson Mill, Scott 13-24 6HR,
- 38680, conf, Petro-Hunt, USA 153-95-5A-31-1H,
- Saturday, April 19, 2025: 74 for the month, 74 for the quarter, 281 for the year,
- 41174, conf, CLR, Helen 4-8H,
RBN Energy: after Permian M&A spree, E&Ps throttle growth while integrateds motor on.
The record $120 billion upstream M&A spending spree in 2024 focused on the consolidation of Permian Basin positions by the major U.S. publicly traded oil and gas companies. With crude oil prices stagnant in the $70-$80/bbl range, producers were driven to boost Tier 1 acreage and capture operational synergies to fund the generous shareholder returns demanded by their investor base. When the dust cleared at year-end, the larger E&Ps we track — plus supermajor ExxonMobil — closed or announced deals on acreage that generated about 1.5 MMboe/d of production, almost 25% of their 2023 Permian output. In today’s RBN blog, we’ll analyze what this unprecedented consolidation means for Permian production going forward.
