Locator: 48794B.
The "market likes carve-outs": NVDA hits all-time high because of the "chip carve-out." Bark: 100% tariffs on chips. Bite: no tariffs on chips whose owners invest in America. LOL. Quick: name a chip manufacturer that doesn't build in America. Huawei? Rhymes with "go away."
Fast food: think about this: NVDA alone has a market cap of $4 trillion. Fast food sector: $430 billion globally.
Cheniere jumps! Link here. Earnings here.
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Back to the Bakken
WTI: $64.60.
New wells:
- Friday, August 8, 2025: 19 for the month, 67 for the quarter, 497 for the year,
- 40900, conf, Hess, BL-Blanchard-155-96-2215H-3,
- 37542, conf, Hess, AN-Lone Tree-LS-152-95-120H-1,
- Thursday, August 7, 2025: 17 for the month, 65 for the quarter, 495 for the year,
- 41269, conf, CLR, Michael State 4-16H,
- 40901, conf, Hess, BL-Blachard-155-96-2215H-4,
- 40771, conf, Hess, BL-Olson-155-96-0310H-5,
- 37593, conf, Hess, AN-Lone Tree-152-95-1207H-6,
RBN Energy: despite trade deal with EU, US LNG could still get squeezed on price, volumes.
The European Union (EU) appears poised to substantially increase its imports of U.S. LNG after reaching a trade deal with the Trump administration that includes a pledge to purchase $750 billion worth of U.S. energy over three years. The trade agreement and the EU’s plans to phase out deliveries of Russian LNG and piped-in natural gas by 2027 may end up being a big positive for U.S. producers. But that doesn’t mean it’s all clear sailing, thanks to competition with Qatar and uncertainty around EU regulations. In today’s RBN blog, we look at how U.S. exporters could still get squeezed on price and volume between today and 2030.
