Tuesday, July 22, 2025

The US-Malaysia Trade Deal -- July 22, 2025

Locator: 48800B.

Being announced now: the US-Malaysia trade deal. This was a huge success for the US.

WBNA: we now know how much Caitlin Clark "adds" to the WBNA. 

Viewership of this year's WNBA all-star game dipped a whopping 36% from last year.
Last year, Caitlyn Clark played; this year, Caitlin Clark was on the bench due to a groin injury. Sort of takes away from the shirt the WBNA players were wearing: pay us what we are worth. Better? Pay Caitlin Clark what she's worth. LOL.

WBNA: the league would do well to protect their franchise players from injuries just as the NFL protects their quarterbacks. 

Today's market, AI

there is some suggestion that the cash burn being experienced by AI companies may be accelerating, resulting in a pullback in stock prices.

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Back to the Bakken

Director's Cut, released July 22, 2025: data for May, 2025. Link here (won't open in Firefox).

  • oil production:
    • May: 1,112,790 bopd
    • April: 1,173,319 bopd
  • natural gas production:
    • May: 3.355 BCF/day
    • April: 3.4671 BCF/day

Today's daily activity report:

WTI: $66.36.

Active rigs: 32.

Four new permits, #42149 - #42152, inclusive:

  • Operator: Whiting
  • Field: Foreman Butte (McKenzie County)
  • Comments: 
    • Whiting has permits for four Toonie wells, lot 1 and NENW 18-150-101; 
      • to be sited 333 / 370 FNL and 1192 /  1284 FWL.

Six permits renewed:

  • BR (2): two Sandie permits, Elidah oil field, McKenzie County;
  • Lime Rock Resources (2); two Reuben Schneider permits, Fayette oil field, Dunn County;
  • Enerplus: one Spoiler permit and one London permit, the former in South Fork oil field; the latter in Moccasin Creek; both in Dunn County;

Two permits canceled:

  • Formentera Operations: a Maverick permit and an FTH permit canceled; both in Burke County;

Two producing wells (DUCs) reported as completed:

  • 30295, 711, Hunt Oil Company, Palermo MCNIC 156-90-22-23H 3, Mountrail County;
  • 40247, 809, Hunt Oil Company, Palermo MCNIC 156-90-22-23H 4, Mountrail County;