Locator: 48573B.
Dumb and dumber:
- on CNBC, Becky Quick to former under-secretary of defense: can you trust Mossad's intel?
- from AI one minute ago:
in the past month, at least six high-level Iranian generals and five
nuclear scientists have been reported killed, primarily in Israeli
strikesThese strikes targeted key figures within the Islamic
Revolutionary Guard Corps (IRGC) and individuals involved in Iran's
nuclear program. Most, if not all, "kills" have been confirmed by top Iranian leadership. Specifically:
Generals: At least six IRGC generals, including Hossein Salami, the IRGC
commander, and Mohammad Bagheri, the chief of staff of Iran's armed
forces.
Nuclear Scientists: Individuals like Fereydoon Abbasi, former head of Iran's Atomic Energy
Organization, and several nuclear faculty members at Shahid Beheshti
University, such as Ahmadreza Zolfaghari and Mohammad Mehdi Tehranchi.
This would be like Hitler taking out the US Manhattan's project in 1945, and Becky Quick is asking whether we can trust Mossad's intel abilities. LOL. Dumb and dumber.
After all these years Becky Quick has not gotten any better. She's the Hegseth of CNBC. Okay, I'm being unfair to Hegseth. But not much. Exhibit A: Hegseth's briefing yesterday with Chairman, Joint Chiefs of Staff. The latter was incredible. Explains why the B-2 strike went off flawlessly over the weekend.
Most inspired nomination by President Trump:
John Daniel Caine (born August 10, 1968 -- a Leo; born ~ 57 years ago) is an American Air Force
general and venture capitalist who is currently serving as the 22nd
chairman of the Joint Chiefs of Staff. He served as the associate
director for military affairs at the Central Intelligence Agency from
2021 to 2024.
Can you imagine if this was the norm for the president's cabinet?
More on Mideast
Defense stocks: companies involved in production of bunker
busters -- after gain yesterday, lose those gains today. Lockheed
Martin, Northrop Grumman, RTX are all down significantly today
(futures). Not unexpected. FOMO, MOJO yesterday; today, reality. One
exception: Boeing doing well in early training, but probably unrelated to B-2 strikes. Later: Boeing is in the red for the day. Completes the group that might have seen a "good" reaction to the strike. They did not, as a group or individually.
Comment:
anti-Trumpers focusing on the wrong aspect of the B-2 strike. Missing
at least three big stories coming out of the B-2 strike.
FlightRadar24:
being tracked right now -- USAF tanker, KC-135R over Israel right now
-- took off from northwestern tip of Crete (Chania) and appears to be
landing in Israel. The primary military base near Chania, Greece is Souda Bay Naval Support
Activity (NSA), located on the island of Crete. It's situated within
the larger Hellenic Air Force Base, near the village of Mouzouras, about
10 miles east of Chania. The base is a strategically important location
for the U.S. Navy in the Eastern Mediterranean
********************************
Back To Energy
Electricity demand in focus:
EIA:
ISO-NE (oh-oh; using oil, coal, and still spiking to $400 MWh):
ISO New York (doing well):
ERCOT Texas (ERCOT looking good):
***********************************
Back to the Bakken
WTI: $66.12. Truce in Mideast holds for 24 hours. Well, maybe sort of. Trump stomps on Israel for any early violations. Taking out a single radar station is background noise. Israel doing a fly-by over Tehran. Think about this: Iran is a free-fly zone for Israel. Personally I find this amazing. WTI plunged 6% yesterday; looks like it will plunge another 3% today.
New wells:
- Wednesday, June 25, 2025: 54 for the month, 207 for the quarter, 421 for the year,
- 40896, conf, Hess, EN-McKenna-157-93-3328H-3,
- Tuesday, June 24, 2025: 53 for the month, 206 for the quarter, 420 for the year,
- 41260, conf, CLR, Putnam 3-25H,
- 40659, conf, Enerplus, Rod 149-95-36D-25H, see below.
Enerplus' "Fishing Pad"
Enerplus' "Fishing Pad" is tracked here.
The Wells
On separate pads in Eagle Nest:
- 32341, loc/drl, Enerplus, Quillfish 149-95-36C-25H-TF-LLW, Eagle Nest, t10/16; cum 450K 6/24;
- 31071, loc/drl, Enerplus, Bait 149-95-36C-25H, Eagle Nest, t10/16; cum 535K 6/24;
- 31072, loc/drl, Enerplus, Tackle 149-95-36C-25H TF, Eagle Nest, t10/16; cum 491K 6/24;
- 40654, loc/drl, Enerplus, Bobber 149-95-36C-25H, Eagle Nest,
- 40655, loc/drl, Enerplus, Hook 149-95-36C-25H, Eagle Nest,
- 40656, loc/drl, Enerplus, Waders 149-95-36D-25H, Eagle Nest,
- 40657, loc/drl, Enerplus, Line 149-95-36D-25H, Eagle Nest,
- 40658, loc/drl, Enerplus, Reel 149-95-36D-25H, Eagle Nest,
- 40659, loc/drl, Enerplus, Rod 149-95-36D-25H, Eagle Nest,
Early Production
The wells:
- 32341, loc/drl, Enerplus, Quillfish 149-95-36C-25H-TF-LLW, Eagle Nest, t10/16; cum 450K 6/24; cum 464K 4/24;
- 31071, loc/drl, Enerplus, Bait 149-95-36C-25H, Eagle Nest, t10/16; cum 535K 6/24; cum 544K 4/25;
- 31072, loc/drl, Enerplus, Tackle 149-95-36C-25H TF, Eagle Nest, t10/16; cum 491K 6/24; cum 514K 4/25;
- 40654, loc/drl, Enerplus, Bobber 149-95-36C-25H, Eagle Nest,
| Date | Oil Runs | MCF Sold |
|---|
| 4-2025 | 23963 | 45624 |
| 3-2025 | 26549 | 52166 |
| 2-2025 | 33265 | 46838 |
- 40655, loc/drl, Enerplus, Hook 149-95-36C-25H, Eagle Nest,
| Date | Oil Runs | MCF Sold |
|---|
| 4-2025 | 29971 | 53639 |
| 3-2025 | 28070 | 54229 |
| 2-2025 | 34951 | 53245 |
- 40656, loc/drl, Enerplus, Waders 149-95-36D-25H, Eagle Nest,
| Date | Oil Runs | MCF Sold |
|---|
| 4-2025 | 28277 | 48156 |
| 3-2025 | 33373 | 61932 |
| 2-2025 | 39252 | 58417 |
- 40657, loc/drl, Enerplus, Line 149-95-36D-25H, Eagle Nest,
| Date | Oil Runs | MCF Sold |
|---|
| 4-2025 | 36401 | 63605 |
| 3-2025 | 26554 | 50754 |
| 2-2025 | 32187 | 48568 |
- 40658, loc/drl, Enerplus, Reel 149-95-36D-25H, Eagle Nest,
| Date | Oil Runs | MCF Sold |
|---|
| 4-2025 | 36161 | 58361 |
| 3-2025 | 22779 | 41581 |
| 2-2025 | 30188 | 42003 |
- 40659, loc/drl, Enerplus, Rod 149-95-36D-25H, Eagle Nest,
| Date | Oil Runs | MCF Sold |
|---|
| 4-2025 | 22665 | 36999 |
| 3-2025 | 28165 | 50981 |
| 2-2025 | 38588 | 57346 |
*****************************
RBN Energy
RBN Energy: Even in a market rife with uncertainty, producers continue reshaping their portfolios. Archived.
RBN Energy: Kinder Morgan Pipeline projects to boost Deep South's access to Appalachian gas. Archived.
For several years now, the biggest hurdle to natural gas production
growth in the Marcellus/Utica was takeaway constraints — there simply
wasn’t enough capacity on gas pipelines out of Appalachia to support a
significant bump-up in regional output. Things have been changing
though. The Mountain Valley Pipeline and a slew of expansion projects
along Transco are allowing increasing volumes of gas to move to and
through Virginia and the Carolinas. The proposed Borealis Pipeline
across Ohio would enable up to 2 Bcf/d to move down the Texas Gas
Transmission system to the Gulf Coast. And, as we discuss in today’s RBN
blog, Kinder Morgan is planning several major projects in the Deep
South — including the 2.1-Bcf/d Mississippi Crossing and 1.3-Bcf/d South
System Expansion 4 projects — to move more gas into Mississippi,
Alabama, Georgia and South Carolina.
As we said in our Don’t Stop Believin’
blog series on the Marcellus/Utica, production in the world-class shale
play soared through the 2010s as hundreds of new wells were drilled and
completed and many Bcf/d of new takeaway capacity was built. However,
the play’s output has been largely rangebound through the first half of
the 2020s, hovering between 34 and 36 Bcf/d, largely due to takeaway
constraints and the painfully slow pace of capacity additions.
More recently, a number of important projects have advanced to
construction and operation — the 2-Bcf/d Mountain Valley Pipeline (MVP)
from northern West Virginia to Transco Station 165 in south-central
Virginia being a prime example. Just as important, Williams Cos.
(Transco’s owner) has been undertaking a long list of projects that
allow considerably more gas to flow south on Transco into North
Carolina, South Carolina, Georgia and Alabama. Williams and others also
have been planning and building pipelines to deliver gas from Transco to
points east of the system.
Williams isn’t the only midstream “family” making a series of
improvements to its long-haul pipeline systems to facilitate more gas
deliveries out of the Marcellus/Utica. Boardwalk Pipeline Partners,
owner of the Texas Gas Transmission (TGT) system, is seeking to advance
its proposed Borealis Pipeline, a greenfield pipe that would run 180
miles from Clarington, OH, to the northeastern tip of the TGT system in
Lebanon, OH. Borealis, along with enhancements to TGT itself, would
allow up to 2 Bcf/d to flow south/southwest to the Gulf Coast. Boardwalk
is also planning the 1.16-Bcf/d Kosci Junction Pipeline, which will run
110 miles south/southeast from a TGT leg near Kosciusko, MS — Kosci for
short — to an interconnect with the company’s Gulf South system south
of Meridian, MS.
Figure 1. Tennessee Gas and Southern Natural Gas Systems. Source: RBN
