Monday, August 25, 2025

Four New Permits; Eight Permits Renewed -- August 25, 2025

Locator: 48960B.

Intel: this makes the Trump 10% Intel deal sound like a simple, straightforward deal. 

It almost sounds as if this deal simply came up somewhat spontaneously and that there was nothing more to it, Link here. If China, the country/government, owned a piece of a computer company, would the western nations eagerly buy those Chinese chips? LOL. So, what happens if international buyers step away from a chip company "owned" by the American government? Will France want to buy chips from Intel? Will Germany?

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Back to the Bakken

WTI: $64.74.

Active rigs: 28.

Four new permits, #42249 - #42252, inclusive:

  • Operator: True Oil
  • Field: Bowline, McKenzie County
  • Comments:
    • True Oil has permits for four Michigan Federal wells, lot 3, section 6-147-101, 
      • to be sited 200 FNL and 2387 / 2515 FWL.
    • link here.

Eight permits renewed:

  • MRO (6): Reunion Bay and Four Bears, all in McKenzie County;
  • Neptune Oil Company: one Dorothy permit, Rainbow oil field, Williams County;
  • Formentera Operations: one Olav permit in Divide County.