Locator: 48805HEADLINES.
Ticker CHRD: the record date for the August dividend payment for Chord Energy is August 15, 2025. This means shareholders of record on this date will be eligible to receive the August dividend. The dividend will likely be declared on or around August 2, 2025. The payment date is scheduled for August 29, 2025.
Tesla: California registrations down 20% in 2Q25.
Apple: looks like EU will accept Apple's proposals. Huge. Two words: President Trump.
EPA: about to "86" climate change? By the way: etiology of the "86" is completely unknown. However,
The slang term "86" generally means to get rid of, refuse service to, or eliminate something or someone. While its precise origin is debated, it's widely believed to have originated in the restaurant and bar industry in the early 20th century, possibly as a form of code or shorthand.
"Possibly as a form of code or shorthand." Well, duh.
Lake Mead: record low. Link here.
BRK: folks are starting to take notice. Neither article says much; social media comments are helpful. Even huge apologists for WB / BRK can read these numbers.
"Inching"? LOL. Pre-market, July 23, 2025, just after Trump announces trade deal with Japan.
WoodMac expects ExxonMobil’s Permian output to rise 55% to 2.3 million boe/d by decade’s end, holding steady through 2040. Chevron is expected to churn out a 25% increase, to 1.2 million boe/d by 2030. In both cases, the Permian will supply nearly a third of total output—onshore, low-cost, and infrastructure-rich. It's not just scale—it’s resilience. Even as the broader U.S. rig count drops (down 7 last week alone, to 544), these majors are using AI and advanced analytics to keep well costs low and recovery factors trending up.
Goldman Sachs recently declared the U.S. shale boom years officially over. But that misses the nuance. Yes, the easy growth is gone. But for majors with prime Tier 1 acreage and deep capital pools, this isn’t the end—it’s the monetization phase.
The focus now is on harvesting cash, not chasing barrels. What makes the Permian such a strategic fortress isn’t just its size—it’s the rare combination of geology, infrastructure, and optionality. With thousands of drilled-but-uncompleted wells, ample takeaway capacity, and unmatched midstream connectivity, operators can toggle activity up or down faster than anywhere else on earth. That responsiveness gives U.S. majors a tactical edge in volatile markets. And as capital discipline replaces boom-era exuberance, it’s the companies with scale and flexibility that will win.
The Permian isn’t just a resource—it’s a lever for navigating the next two decades of uncertainty, and Exxon and Chevron are the only ones strong enough to pull it with confidence.
COP / Oklahoma / Anadarko shale: link here. Also, here, no paywall yet. Stone Ridge Energy to acquire; Flywheel Energy to operate.
The sale, if completed, would enable ConocoPhillips to exceed its divestment goal of $2bn, a target established following the assumption of $5.4bn in debt from Marathon.
- The numbers (it looks like a great deal for both companies):
- $1.3 billion
- 300,000 acres
- 39,000 boepd
- per acre: $4,333 / acre
- per flowing boe: $33,333
The grid: link here. Even better, much more data and no paywall yet. Archived. This was major headline story over on CNBC at 5:31 a.m. CT. Again this was an all-time record.
Not only did rates go up, but production will increase -- higher rates, increased generation:
These are incredible numbers:
PJM auction prices rise due to data center demand, supply shortfall, per MW: $329 / 270 = 22% increase. For BGE and Dominion: $466 / $444, respectively.
PJM Interconnection today announced the results of its 2026/2027 Base Residual Auction (BRA), which secured 134,311 MW of unforced capacity generation (UCAP) and demand response to meet projected electricity needs for more than 67 million people across 13 states and the District of Columbia.
Regions under the Fixed Resource Requirement acquired an additional 11,933 MW in UCAP for a total of 146,244 MW (UCAP) available to serve forecasted peak electricity demand plus a reserve margin.
UCAP represents a generation resource’s maximum output adjusted for its estimated ability to reliably perform at times of highest system risk. The price came in at the FERC-approved cap, $329.17/MW-day (UCAP), for the entire PJM footprint. This price compares with $269.92/MW-day for the 2025/2026 auction for the RTO, except for the BGE and Dominion zones, which cleared at $466.35/MW-day and $444.26/MW-day, respectively.
**********************************
Disclaimer
Brief
Reminder
Briefly:
- I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- Disclaimer:
this is not an investment site. Do not make any investment, financial,
job, career, travel, or relationship decisions based on what you read
here or think you may have read here. All my posts are done quickly:
there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
- If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
- Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- Longer version here.
