Locator: 48704B.
Texas manufacturing index, July, 2025:
- manufacturing index surges to three-year high!
- Breitbart link here;
- less breathess, Dallas Fed link here.
California dreamin’:
- links everywhere;]
- the Santa Ynez Unit (SYU) offshore oil production off the California
coast is partially up and running again as of My 15, 2025. Production
re-started from the Harmony platform on ay 15, 2025.
- Doug Burgum's Dept of Interior moved application through regulator process in Sacramento, CA
- flowing at 6,000 bpd; production sent to the Las Flores Canyon processing facility
- this represents the restart of the first of three platforms within the SYU, which had been shut down since a 2015 spill;
- the first of two platforms is expected to come back on line July, 2025, this month;
- the second of two platorms to come back on line in August, 2025
- sstimated to hold 190 million bbls of oil
- the Bakken is producing more tha one million bopd;
- thus Santa has 190-days of Bakken production
- however, 3 x 6,000 bonpd = 20,000 bbls oil
- 190 million / 60,000 bbs = about twenty-five years, assuming no additional discoveries (unlikely
- everything above, especially the calculations, needs to be fact-checked.
BRK-B:
- on May 2: trading at $540
- today trading at $482
- down 11% since May 2, 2025
- but even worse, not participating in the tech / NASDAQ / S&P 500 rally
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Back to the Bakken
WTI: $67.71.
Active rigs: 31.
Three new permits, #42161 - #42163, inclusive:
- Operator: Hess
- Field: Beaver Lodge (Williams)
- Comments:
- Hess has permits for three B-Odegaard / BL-Odegaard-E wells:
- to be sited 455 FNL and 1259 / 1259 / 1325 FEL;
