Locator: 48733B.
Locator: 48733ABC.
GM: will invest $4 billion in US manufacturing plants. This is huge. See update, July 15, 2025.
SPR refill: all that nonsense chatter (today) about refilling the Strategic Petroleum Reserve is simply that. Nonsense. This works in Trump's favor, of course, with goal to keep oil prices / gasoline prices low.
ABC won't renew Terry Moran's contract. Wow.
MIT: finding a solution to a problem that doesn't exist; and producing a product "no one" wants. Producing hydrogen from aluminum cans and seawater.
California: it's beyond me how a state with a $9 trillion industry (Silicon Valley) can be broke.
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Back to the Bakken
WTI: $64.76.
Active rigs: 32.
Seven new permits, #41983 - #41990, inclusive:
- Operators: Devon Energy (5); Murfin Drilling (2)
- Fields: Tobacco Garden (McKenzie); St Anthony (Dunn County)
- Comments:
- Murfin Drilling has permits for two LC Rambousek wells, SESE 9-141-97,
- to be sited 370 FSL and 365 / 335 FEL;
- Devon Energy has permits for five Drovdal wells, lot 4, section 5-150-99,
- to be sited 679 / 681 FNL ad 1222 / 1342 FWL; four Drovdal wells will be 1280-acre spacing, sections 5 and 8; one will be 2560-acre spacing, sections 4 / 5 / 8 / 9.
Six permits renewed:
- XTO (4): four Twin State Federal permits, Sand Creek, McKenzie County;
- Formentera Operations (2): one Bervik permit (Skjermo, Divide County) and one LAR1 permit (Larson, Burke County);
Five permits canceled:
- CLR (3): three Chloe permits, Williams County;
- Phoenix Operating (2): two TJ E Federal permits, Mountrail County.