Locator: 48562B.
Apple: referred for criminal contempt of court.
- No links. Story will be everywhere by end of day.
MSFT, META beat earnings.
- MSFT surges 9%; EPS $3.44 vs $3.26; revenue $70.07 billion vs $68.44 billion (reported today)
- QCOM: fell 5.4%; earnings miss; trade war;
- EPS $2.85 vs $2.87; revenue $10.64 billion vs $10.84 billion (reported earlier this year)
- ORCL miss:
- similar to QCOM's (reported earlier this year)
Recession: under JPow's watch? Every armchair investor saw this coming. The good news: the Fed "is monitoring the situation closely." LOL. Even Janet Yellen would not have let this happen.
Tariffs: photo-op.
- no cargo ships showing up at LA ports
- what's not being shown: no cargo ships leaving China for US destinations
- the US will do just fine
LA Lakers vs MN Wolves?
- clearly shows why LA made the trade.
- age
- LeBron: 40
- Anthony Davis: 32
- Luca: 26
- Anthony Edwards: 23
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Back to the Bakken
WTI: $56.91.
New wells:
Friday, May 2, 2025: 7 for the month, 107 for the quarter, 299 for the year,
41142, conf, CLR, Hayes 9-6HSL,
28767, conf, Grayson Mill, Sand Creek Federal 153-96-21-28-2H,
28766, conf, Grayson Mill, Sand Creek Federal 153-96-21-28-10H,
25072, conf, Grayson Mill, Sand Creek State 153-96-16-2H,
Thursday, May 1, 2025: 3 for the month, 103 for the quarter, 295 for the year,
40983, conf, BR, Tilton 2E,
40484, conf, Silver Hill Energy Operating, Tucson W 158-94-26-35-3MBH,
28765, conf, Grayson Mill, Sand Creek Federal 153-9-21-28-3H,
RBN Energy: M&A drove 2024 E&P reserve-replacement surge as organic growth lagged.
The tide is shifting in the energy sector back toward hydrocarbons as renewables face new, big hurdles.
The latest tangible sign of this shift is BP’s decision to refocus on traditional oil and gas and deemphasize renewables, which follows ExxonMobil’s and Shell’s restructuring of strategies in the same direction.
The likelihood that hydrocarbon demand will continue to grow throughout this decade has reinforced the importance of E&P companies adding to their proved oil and gas reserves. In today’s RBN blog, we analyze crucial trends from the 2024 reserve reporting of the major U.S. oil and gas producers.
