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;