Connecting The Dots — Making A Case For TikTok And Oracle —September 15, 2025

Locator: 49107B.

GOOG: hits $3 trillion market cap.

Oracle: It’s all about the personalities. We’ve talked about this before. ORCL up over 4% (nearly 5%) in pre-market trading. Only a few things that could explain this. Okay, only one thing. Think: father-son.

TSLA: now the best-performing stock of the Mag 7 this year. Up 86% in the past year (Yahoo). Just revealed: Elon Musk makes a $1-billion buy of TSLA.

 

AAPL: opens up over $3.00 / share. Opens up $3.89 (1.64%). It's been a good week for Tim. LOL. Market cap: $3.49 trillion.

Goldilocks market?

 

***************************
Back to the Bakken

WTI: $63.23.

 

New wells:

• Tuesday, September 16, 2025: 24 for the month, 117 for the quarter, 557 for the year,
• 40768, conf, Hess, HA-Grimestad-152-95-3031H-10,
• 39740, conf, Grayson Mill, Darlene 13-24F XW 1TFH,
• Monday, September 15, 2025: 22 for the month, 115 for the quarter, 555 for the year,
• None.
• Sunday, September 14, 2025: 22 for the month, 115 for the quarter, 555 for the year,
• 39741, conf, Grayson Mill, Darlene 13-24F 4H,
• Saturday, September 13, 2025: 21 for the month, 114 for the quarter, 554 for the year,
• 41518, conf, MRO, Patton 44-12H, 

RBN Energy: proposed data enters in Texas would be enormous, but how many will be built? Archived.

The data center boom is sweeping across the country and Texas has garnered more proposals for new centers than almost any other state. If every planned project were to go forward, it would mean nearly 9 gigawatts (GW) of additional electricity demand, or just over 1 Bcf/d of natural gas. That’s enough to power the entire country of Switzerland. 

In today’s RBN blog, we’ll check out the biggest planned data centers across the Lone Star State and give a quick rundown on where things stand for each one. 

Texas easily ranks among the nation’s top states for existing data centers, with only Virginia edging it out in both data center count and associated power demand. Texas is also competing for the top spot in brand-new developments, with more than 10 hyperscale campuses announced and dozens more planned — not to mention community-changing projects like Stargate and Data City that are in the works (more on this below).

As we discussed recently in Won’t Get Fooled Again, we’ve been grappling with the challenge of tracking and ranking data center projects in Texas and Louisiana, in part to help us better assess the likely impact of their power and gas demand on Gulf Coast gas markets for our proprietary Arrow Model. In that blog, we explained that we’re using a scoring system that assigns each project a score from 1 to 3 based on public information. It ranks a 1 if the project has an offtaker, a 2 if it also controls the site, and a 3 if construction is underway. Projects missing these criteria don’t make it into our detailed forecasts.

The Arrow Model carves up the region into pipeline “corridors” (aka arrows) that are used to determine changes in the region’s inflows, outflows and flows within each state via groups of pipes that serve similar markets from comparable supply sources. Data centers have been emerging as an important data input in the model because it’s likely their ongoing development will result in significant bump-ups in both power and gas demand in various parts of Texas and Louisiana.

Many of you have asked which proposed data centers are on our list and how we rank them. Here’s a partial answer, namely a list (in no specific order) of the largest data centers proposed in Texas that will need 300 megawatts (MW) of power or more. (Look for a companion blog on Louisiana data centers soon.)

Figure 1. Proposed Texas Data Centers. Source: RBN