Thursday, June 12, 2025

End-Of-Day Report -- NDIC -- June 12, 2025

Locator: 48742B.

Big story in Texas this hour: flood waters in San Antonio swept away several victims; some parts of the city received over 7 inches of rain in a few hours. 

Tech tidbits:

  • OpenAI has reportedly signed a deal with Google Cloud for its compute (sic) needs.
  • Broadcom hinted that its AI revenue could potentially close in on $30 billion in 2026.
  • Amazon will build two (2) data centers in Penssylvania, with one alongside the Susquehanna uclear power plant;
  • Most important: Oracle is becoming the AI data nerve center.
  • AI can't scale if the grid doesn't; right now, the grid is the biggest bottleneck.

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

WTI: $68.04.

Active rigs: 31.

Six new permits, #41997 - #42002, inclusive:

  • Operators: Koda Resources (2); True Oil (3), Slawson
  • Fields: Daneville (Divide);  Bowline (McKenzie); Big Bend (Mountrail)
  • Comments:
    • Koda Resources: has two Hazy permits, SWSE 31-162-102, 
      • to be sited 409 FSL and 1745 / 1780 FEL;
    • Slawson has a permit for a Rebel Federal well, NWSE 29-152-91, 
      • to be sited 2058 FSL and 1940 FEL;
    • True Oil has permits for three Erie Federal wells, lot 3, section 3-147-101, 
      • to be sited 160 / 220 FNL and 1844 / 1865 FWL

Three permits canceled:

  • CLR: three Memphis permits, Williams County;