Friday, August 1, 2025

Devon With Three New Permits -- August 1, 2025

Locator: 48758B.

Trump's tariffs: if things stand the way the headlines are now being written, it's pretty much a sure thing, Canada is headed into a recession. The odds that this carries the global economy into a recession have just increased.

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Back to the Bakken

WTI: President Trump getting his wish (lower gasoline prices) -- oil drops almost 3% today. Trading at $67.33.  

Active rigs: 31.

Three new permits, #42172 - #42174, inclusive:

  • Operator: Devon Energy
  • Field: Tobacco Garden (McKenzie County)
  • Comments:
    • Devon Energy has three new permits, SESW 11-150-99, 
      • to be sited 401 / 461 FSL and 147/148 FWL.

Two permits renewed:

  • Kraken: two Bear Butte permits, Bear Butte oil field, McKenzie County;

Seven permits canceled:

  • CLR: all in Williams County;
    • two Salem permits;
    • two Sacramento permits;
    • two Vera permits;
    • one Langved permit

Five producing wells (DUCs) reported as completed:

  • 37575, 769, BR, Keene 31-2 TFH, Dunn County;
  • 40200, 7,151 (has to be a typographical error -- maybe not -- see below), BR, Nordeng 2A MBH, McKenzie County;
  • 40619, 393, Koda Resources, Amber 1336-7BH, Divide County;
  • 40620, 376, Koda Resources, Amber 1336-8BH, Divide County;
  • 41203, 410, Ringneck W 159-94-11-24, Burke County;

Well of interest:

  • 40200, 7,151 (has to be a typographical error -- maybe not), BR, Nordeng 2A MB, McKenzie County; Elidah oil field;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202515240112426320526418563436718
BAKKEN4-2025306682766489242711687721667001975
BAKKEN3-202500001723416724383

Quick Connects -- Geoff Simon -- Alison Ritter -- August 1, 2025

Locator: 48757B.

Quick connects:

Fargo, North Dakota, is a new AI hub in the emerging Midwest tech boom -- Forbes
Two renewable projects win big with $700K NDIC grant program funding -- KX News
Developer asks ND judge to halt Greenpeace lawsuit in Europe -- North Dakota Monitor
Olson and Leier: Halting carbon capture would hurt North Dakota -- Bismarck Tribune
McKenzie County remains top oil producer; state sees slight decline in May -- McKenzie County Farmer
PSC holds hearing for potential NGL pipeline northeast of Tioga; would reduce flaring -- KFYR - TV
Energy CEOs make case to state officials for $500M gas pipeline financial backstop -- Bismarck Tribune
North Dakota-based energy firm receives $1M LIFT program loan for oilfield technology -- KX News
North Dakota's energy landscape is increasingly defined by a clash of investment priorities -- KX News
Industrial Commission opens new $25M oil tech grant program amid energy transition debate -- KX News
North Dakota Public Service Commission approves waiver for Badger Wind Farm near Wishek -- KX News
North Dakota DOGE task force highlights accountability in inaugural meeting -- Bismarck Tribune
Armstrong's federal disaster declaration request for North Dakota remains unanswered -- KSJB AM 600
US Supreme Court is likely to take on North Dakota tribes' Voting Rights Act case -- Dickinson Press
Hail storm leaves 40+ mile long scar in southwestern ND visible from satellites -- The Weather Channel
ND to roll out new emergency alert systems to combat high rates of missing Indigenous people -- InForum
North Dakota Legislature to boost program oversight with twenty-five new hires -- North Dakota Monitor
Commerce Dept. announces 6 companies approved for $2.16M in development fund loans -- KX News
North Dakota Emergency Services renames Homeland Security, State Radio departments -- Dickinson Press
Highway Patrol to have stricter enforcement as ND interstate speed limit goes to 80 -- Dickinson Press
New law capping property tax increases lead to 23% property tax hike in Minot budget -- Minot Daily News
Five-year strategic priorities plan has been adopted by Williston City Commissioners -- Williston Herald
Third of Velva city park trees downed by weekend storm resulting in major loss to community -- KFYR - TV
Lions Club offers $15K grant and supply trailers for storm disaster responses in western ND -- WZFG
Divide County commissioners again adjust state funding requests for four road projects -- The Journal
In past year, Western North Dakota farmers endure major drought, drenching rain, severe hail -- KFYR - TV
City of Dickinson to close major stretch of Villard Street August 1?6 for utility work -- Dickinson Press
$5B in federal education funding released in nick of time for North Dakota school year -- Bismarck Tribune
From freeze to whiplash: The uncertainty facing North Dakota's rural schools -- North Dakota Monitor
Dickinson State University taps Kayla Noah as new vice president of student affairs -- Dickinson Press
Surrey Public School teachers, staff pen letter addressing concerns about school operations -- KFYR - TV
Surrey Public School hires high school principal, releases statement on superintendent position -- KFYR - TV
Watford City schools blaze trails with cellphone ban, bolstered by new state law -- McKenzie County Farmer
Schmidt re-elected as CSPS board president; portfolios reassigned at July meeting -- The Center Republican
Beulah Public Schools Board assigned portfolios to members during regular meeting -- The Beacon
Kansas Attorney General alleges that Chinese govt is funding US environmental litigation -- Fox News
US oil production from onshore federal lands soars to record high of 1.7M barrels per day -- Oil Price
Interior push to fast-track mineral extraction from mining waste projects faces backlash -- E&E News
More American energy needs more minerals and meaningful permitting reform -- RealClearEnergy
US LNG producer gains climb as EU agrees to $750 billion in energy purchases -- Reuters
Japanese power firm plans to build country's first new nuclear reactor since Fukushima -- Reuters/CNN
Renewable geothermal energy is heating up. It's going to need more geologists. -- Wall Street Journal
The very real human impact of coal plant closures; blackouts are a growing threat -- RealClearEnergy
Oil climbs on EU trade deal, potential US-China tariff truce extension, deadline for Russia -- KFGO
Chevron scaling back its Permian footprint as it approaches production plateau in the basin -- Oil Price
Despite oversupply concerns, US crude production rose to record 13.49M barrels-per-day in May -- Reuters
Skyrocketing tech industry demand will drive US energy industry's expansion, says Burgum -- Oil Price
Renewables expected to overtake coal as world's top source of electricity by the end of 2026 -- E&E News
Electricity generated from wind and solar cannot replace fossil fuels; baseload needed -- America Out Loud
How fossil fuels powered the greatest leap in human progress, improved quality of life -- Irrational Fear

The Apple Switch Is Happening -- August 1, 2025

Locator: 48756APPLE.

2.35 billion active Apple devices worldwide.

Link here

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The Book Page

Operation Paperclip: The Secret intelligence Program That Brought Nazi Scientists to America, Annie Jacobson, c. 2014, 940.54 JAC. Grapevine, TX, library, August 1, 2025.

  • 1945: temporary
  • 1946: permanent

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PBS

 Updates

August 2, 2025: this whole CPB / PBS / NPR story gets curiouser and curiouser. PBS and NPR aren't going anywhere. Link here.

Only CPB is shutting down. Which accounted for only 1% of total "public broadcast" funding by the US government. Exactly what was CPB doing? I have my hunch(es).

CPB doesn't own any PBS / NPR outlets -- they are locally own and managed. A few/some/many/most are doing quite well financially. Some are doing so well, they are saying they will help cover costs for PBS / NPR stations that might be struggling financially. 

We'll never know the true financial truth. But it speaks volumes when our local NPR stations here in north Texas, the DFW metroplex, tells us that our donations will also go to struggling PBS / NPR stations in other parts of the country. The big question, why did George Soros step up?

Original Post

For the very, very few Americans that actually watch content on PBS, this must come as quite a surprise: that PBS could not survive without federal government financial support. Link here.

The Corporation for Public Broadcasting said Friday it would begin winding down its operations after its funding was eliminated by the Trump administration and Congress.
The CPB is a private nonprofit founded in 1967 that serves as a steward of funding for public media. It provides funds to 1,500 local public radio and television stations as well as PBS and NPR. It employs about 100 people.
President Trump signed an executive order in May instructing the organization to cease federal funding for PBS and NPR. In June, the House approved a White House request to claw back $1.1 billion in already appointed federal funds from the CPB. The Senate Appropriations Committee's 2026 appropriations bill eliminated funding for the CPB for the first time in over 50 years.

So, deeper.

First, this screenshot: superficially the numbers don't make sense ... $535 million; $1.1 billion; $9 billion.

So what is it? $535 million? $1.1 billion? $9 billion?

Here's what NPR is reporting, link here:

So, there it is. A paltry $535 million annually to sustain "public broadcasting."

What's with the $1.1 billion and then the $9 billion?

Particularly the $9 billion, the screenshot: why in the world is NPR conflating (is that the right word), PBS (CPB) with foreign aid. I guess $9 billion gives the story more gravitas.

But now the $1.1 billion makes sense; that's for two years, and so $535 million annually.

Are you telling me something "so important" as CPB/NPR/PBS costing $500 million annually can't be made up by Warren Buffett, Bill Gates, Jeff Bezos, Mark Zuckerberg, et al? Oh, give me a break. 

But what's the "real, overall budget" for CPB/NPR/PBS -- I'm sure we'll never get the real numbers, but we can start here:


Finally, some better answers:


So, CPB / NPR / PBS gets somewhere between 1% and 15% of its funding from the federal government based on whether we are talking about "corporate" headquarters or "member stations."

I assume much/most of the PBS costs are associated with buying content from producers, many/much/most of whom were from Britain. Certainly other streaming networks -- Network, MAX (HBO), Apple TV+, Peacock, Hulu/Disney, to just name a few-- would be more than happy to pick up some of that content, and for them, one would think that $535 is a pittance. After all, CBS was losing $40 million a year on Stephen Colbert. 

Tonight, I'm watching movies on TCM -- commercial free -- how can TCM do it when PBS can't. Fundign for TCM:


With regard to PBS, something simply does not make sense. Somehow we're not getting the full story. Was PBS a scam all along?

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Bonus Book Page

Dietrich & Riefenstahl: Hollywood, Berlin and a Century in Two Lives, Karin Wieland, translated by Shelley Frisch, c. 2011. 791.43 WIE, Grapevine Public Library, Grapevine, TX. 

What an incredible find. It's a bit hard to follow because of two biographies written in one book and it's a translated version which may also contribute to the difficulty. 

In the wiki entry on Dietrich, Riefenstahl is not mentioned, nor is Marlene Dietrich mentioned in the wiki entry of Riefenstahl. 

Notes, if any, here.

Other reviews of books about these two:

Now It's Google With "The Apple Problem" -- August 1, 2025

Locator: 48755GOOGLE.

Link here.




It Wasn't On My Bingo Card Either -- August 1, 2025

Locator: 48754APPLE.

Link here

Job Switcharoo -- August 1, 2025

Locator: 48753JOBS.

Right, wrong, or indifferent: President Trump has been "right" a lot more times than he has been wrong. And, now, some folks are so spooked that the Fed was wrong and will now have to call an emergency meeting to cut rates. Tea leaves: that would only make things worse. Might as well wait until September. Two months.

Link here.

President Trump has been president for six months. And the border is secure.

BRK-B Holding Up Fairly Well Despite Market Sell-Off -- August 1, 2025

Locator: 48752BRK.

BRK-B: holding up pretty well today despite pullback in market.


Reposting: AI Runs On Concrete, Copper, Natural Gas, And Cooling -- August 1, 2025

Locator: 48751CLAUDE.
Locator: 48751AI.
Locator: 48748AI.

AI runs on:

  • concrete: railroads --> time for a transcontinental railroad company
  • copper: railroads --> time for a transcontinental railroad company
  • natural gas: pipelines --> utilities --> electricity --> the grid 
    • Texas electricity demand will grow 5x the national average, link here.
  • cooling: Trane, Chart Industries (soon to be Baker Hughes subsidiary)

Cooling: what companies provide industrial cooling for large data centers, like Stargate?

  • Vertiv
    • estimated to hold ~ 25% market share in high-density cooling partnerships with giants like AWS and MSFT
  • Schneider Electric
    • EcoStruxure
    • known for integrated rack designs with immersive liquid cooling support
  • Stulz
    • specializes in hybrid air-liquid cooling, such as the CyberCool 2 series
    • targets mid-density AI deployments (20 - 40 kW / rack) with strong retrofit flexibility in legacy centers
    • capable of achieving PUEs as low 1.1 - 1.2 in cooler climates
  • Delta Electronics
    • focused on indirect liquid cooling (ILC) for GPU-dense racks, with ORV3-compliant systems
    • claims: ~ 40% share of China's liquid cooling market for AI data centers
  • specialized AI cooling vendors
    • Boyd Corporation
    • Flex / JetCool
  • immersion and emerging cooling innovators
    • Liquid Stack
    • Submer
    • Asperitas
    • Iceotope
    • USystems
    • Asetek
  • AI-powered cooling and automation
    • Vigilent (via Siemens)
    • Huawei's iCooling @AI
    • Araner (Italian)

Electricity: Texas and mid-Atlantic.

Link here.

Copper: how much copper will the average Stargate large data center require? ChatGPT:

Even a single Stargate AI data center requires several thousand tonnes of copper—making it one of the most copper-intensive industrial infrastructures on the planet. When fully scaled, the Stargate initiative could represent a sizeable fraction of global copper consumption.

Also from ChatGPT: 

A 100-car freight train loaded with refined copper can carry ~ 9,000 metric tons of copper. That's roughly enough to supply 1 - 2 hyperscale data centers, or ~ 15% of the copper needed for a full 1.2 GW Stargate site.

MAGA:

Chatbot: Jim Cramer Has Just Switched From ChatGPT To Anthropic's Claude -- August 1, 2025

Locator: 48750CLAUDE.


 Relationships: link here. "In love" with ChatGPT.

Despite Sweeping Tariff Increases, WTI Holds Right At $69 -- August 1, 2025

Locator: 48749B.

BRK-B: holding up pretty well today despite pullback in market.

US unemployment rate: edges up by 10 basis point. 

A lot of the decrease in numbers are due to government cuts in personnel; other data suggests there has been a real slowing in job growth across the board, not just government hiring. Steve Liesman now admits that the data is here that the economy is slowing and it's time to cut rates. Now it's a 75% chance that there will be a rate cut in September.

Production record: US crude oil output set new record in May. Link here. EIA source link here.


US LNG exports, link here.


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Back to the Bakken

WTI: $69.11. Interesting that sweeping tariff increases did not appreciably affect price of oil. Yet.

New wells:

  • Sunday, August 3, 2025: 7 for the month, 55 for the quarter, 485 for the year,
    • 40722, conf, Hess, BL-JE Ulven-155-96-0322H-1,
  • Saturday, August 2, 2025: 6 for the month, 54 for the quarter, 484 for the year,
    • 34292, conf, BR, State Dodge 3A MBH,
  • Friday, August 1, 2025: 5 for the month, 53 for the quarter, 483 for the year,
    • 41165, conf, Phoenix Operating, Pladson 4-9 3H,
    • 41164, conf, Phoenix Operating, Pladson 33-28-21 3H,
    • 41163, conf, Phoenix Operating, Pladson 33-28-21 2TFH,
    • 41162, conf, Phoenix Operating, Pladson 33-28-21 1H,
    • 41161, conf, Phoenix Operating, Pladson 4-9 2H, 

RBN Energy: MPLX expands its Permin-to-Gulf network with Northwind Midstream Deal.

MPLX’s July 31 announcement that it has reached an agreement to acquire Northwind Midstream for $2.375 billion puts a spotlight on two undeniable trends. First, the acquisition is the latest in what by now is a long series of multibillion-dollar deals by midstream giants to expand their Permian-to-Gulf, “wellhead-to-water” networks that gather, process, transport and export crude oil, natural gas and/or NGLs. Second, Northwind has been a pioneer in gathering and processing unusually sour associated gas in the prolific Northern Delaware Basin, an area of particular interest to a growing number of E&Ps. In today’s RBN blog, we discuss the deal and what it brings to MPLX. 

First, the 411 — i.e., the details, for some older readers — on the prospective MPLX/Northwind Midstream transaction. MPLX, the midstream-focused master limited partnership formed by Marathon Petroleum in 2012, said it has reached a definitive agreement to acquire Northwind Delaware Holdings LLC (aka Northwind Midstream) for $2.375 billion in cash. MPLX plans to finance the acquisition with debt and expects the deal to close in Q3 2025, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Act. The company noted in its announcement that it expects the transaction to be “immediately accretive to distributable cash flow and represents a 7X multiple on [MPLX’s] forecast 2027 EBITDA.”

Northwind Midstream’s Assets

Figure 1. Northwind Midstream’s Assets. Source: RBN

Northwind Midstream, backed by private-equity investor Five Point Infrastructure LLC, was established in 2022 to develop, own and operate “off-spec” gas infrastructure in the Permian. As shown in Figure 1 above, Northwind has developed more than 220 miles of sour-gas gathering pipelines (mostly in Lea County, NM; pink lines), 200 MMcf/d of sour-gas amine treating capacity at its Titan Treating Complex in Lea County (yellow diamond in map; photo below) and two nearby acid-gas injection (AGI) wells with a combined capacity of 20 MMcf/d. (More on all this in a moment.) The gas gathering and treatment system has more than 200,000 dedicated acres and is supported by minimum volume commitments (MVCs) from several leading producers.

AI Runs On Concrete, Copper, Cooling, And Natural Gas -- August 1, 2025

Locator: 48748AI.

AI runs on:

  • concrete: railroad
  • copper: railroad
  • natural gas:
  • cooling: Trane, Chart Industries (soon to be Baker Hughes subsidiary)

How much copper will the average Stargate large data center require? ChatGPT:

Even a single Stargate AI data center requires several thousand tonnes of copper—making it one of the most copper-intensive industrial infrastructures on the planet. When fully scaled, the Stargate initiative could represent a sizeable fraction of global copper consumption.

Also from ChatGPT: 

A 100-car freight train loaded with refined copper can carry ~ 9,000 metric tons of copper. That's roughly enough to supply 1 - 2 hyperscale data centers, or ~ 15% of the copper needed for a full 1.2 GW Stargate site.

MAGA: