End-Of-Day Report -- August 7, 2025

Locator: 48797B.

I'm burned out so I really don't have the energy to talk about these stories but I don't want to forget them so I'll post a memo of sorts and get back to them later.

Ford to delay EV development.

GM to rely on Chinese battery maker to maintain EV program. Trump won't be happy.

Lots of chatter on CNBC at close of day about Trump and the Fed. I have no idea what the story was all about. Will check in later. Steve Liesman seemed calm. 

Whatever happened to Northvolt? George Kennedy has the story.

Amazon delivery / fulfillment center.

A reminder: Apple has 2.35 billion active devices worldwide. Broadcom chips are absolutely critical for iPhones. Broadcom isn't going anywhere and it's manufacturing facilities are in Fort Collins, Colorado:

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

WTI:

Active rigs: 32.

Seven new permits, #42187 - #42193, inclusive:

• Operators: BR (3); Devon Energy (3); Whiting
• Fields: Elidah, McKenzie County; Painted Woods, Williams County; Foreman Butte, McKenzie County;
• Comments:
• Whiting has a permit for a Link well, Lot 1 section 18-150-101, 
• to be sited 382 FNL and 1161 FWL;
• Devon Energy has permits for three Corvette wells, NWSW 34-155-102, 
• to be sited 1258 / 1318 FSL and 352 FWL;
• BR has permits for three Abercrombie wells, SESW 7-151-97; 
• to be sited 410 FSL and 1972 / 2260 FWL;

One permit renewed:

• 37752, BR, Kirklandfill 1A, Pershing oil field, McKenzie.

One producing well (a DUC) was reported as completed:

• 37666, 2,748, BR, Mordeng 1A MBH, McKenzie County;

Apple's C1 Chip -- C1X Chip

Locator: 48796APPLE.

Apple's C1 will be tracked here.

Updates

September 11, 2025: two new Apple chips (N1 and C1X) and Thread. Link here.

Original Post

Link here, with the launch of iPhone 16e, flying. under the radar, March 13, 2025.

NDIC Hearing Dockets -- August, 2025

Locator: 48795B.

Hearing dockets are found here at the NDIC.

Wednesday, August 27, 2025
Link here.
25 pages (no typo -- 25 pages)

These are cases, not permits:

• 31977, BR, Bully and/or Haystack Butte-Bakken, an overlapping 5120-acre unit; one well; McKenzie County;
• 31978, BR, Bowline and/or Snowcover-Bakken, 2560-acre unit; four wells; McKenzie County;
• 31979, BR, Bull Moose-Bakken, 1920-acre unit, four wells; McKenzie County;
• 31980, BR, Bennett Creek-Bakken, standup 2560-acre unit; four wells; McKenzie County;
• 31981, BR, Bennett Creek-Bakken, 1920-acre unit; four wells; McKenzie County;
• 31982, BR, Bennett Creek and/or Ranch Creek-Bakken, standup 2560-acre unit; four wells; McKenzie County;
• 31983, Hess, Manitou and/or Alkali Creek-Bakken, 5120-acre; one well; Mountrail County;
• 31984, Hess, Pleasant Valley-Bakken, 2560-acre unit; one well; Mountrail County;
• 31985, Hess, Ross-Bakken, 2560-acre unit; one well; Mountrail County;
• 31986, Murex, Fortuna-Bakken, two standup 1920-acre units; five wells on each, Divide County;
• 31987, Murex, Writing Rock-Bakken, two oeverlapping 1920-acre units; five wells on each; Divide County;
• 31988, KODA Resources, Daneville-Bakken and/or Writing Rock-Bakken, 3840-acre unit; one well; Divide County;
• 31989, KODA Resources, Alkabo-Bakken, 2560-acre unit; five wells; Divide County;
• 31990, Oasis, Indian Hill-Bakken, 2560-acre unit sections 28/33-153-101 and sections 1/12-152-102; three wells; McKenzie County
• 31872, Enerplus, Little Knife-Bakken, long note on an emergency order to complete one well prior to completing other wells; Dunn County;
• 31991, Enerplus, Little Knife and/or Lone Butte-Bakken, 5120-acre unit; section line unit; Dunn County;
• 31992, Silver Hill Energy, Cottonwood-Bakken, 3840-acre unit; section line well; Burke and Mountrail counties;
• 31993, Hunt Oil, Ross-Bakken, 1920-acre unit; one well; Mountrail;
• 31994, Hutn Oil, Thompson Lake-Bakken, two-1920-acre units; four wells on each; Burke County;
• 31995, Hunt, Oil, Parshall-Bakken
• 31996, Phoenix Operating, Kittleson Slough-Bakken;
• 31997, Phoenix Operating, Kittleson Slough-Bakken;
• 31998, Phoenix Operating, Zahl-Bakken;
• 31999, Phoenix Operating, Strandahl / Bull Butte-Bakken;
• 32000, NDIC, confiscation, Divide County;
• 32001, NDIC, confiscation, Williams County;
• 32002, NDIC, confiscation, Williams County;
• 32003, NDIC, confiscation, Williams County;
• 32004, BR, pooling;
• 32005, BR, pooling;
• 32006, BR, pooling;
• 32007, BR, pooling;
• 32008, BR, pooling;
• 32009, BR, pooling;
• 32010, Hess, pooling; 
• 32011, Hess, pooling; 
• 32012, Hess, pooling; 
• 32013, Hess, commingling;
• 32014, Hess, commingling;
• 32015, Hess, commingling;
• 32016, Petro-Hunt, pooling; 
• 32017, Petro-Hunt, pooling; 
• 32018, Oasis, pooling; 
• 32019, Enerplus, pooling;
• 32020, Whiting, commingling;
• 32021, Whiting, commingling;
• 32022, Hunt, Alexandria-Bakken, 1280-acre unit; three wells; 1920-acre unit; four wells; Divide County;
  
• 32023, Hunt, Sioux Trail-Bakken, 1920-acre unit; four wells; Divide County; 
• 32024, Hunt, pooling;
• 32025, Hunt, pooling;
• 32026, Hunt, pooling;
• 32027, Hunt, pooling;
• 32028, Hunt, pooling;
• 32029, Hunt, pooling;
• 32030, Hunt, pooling;
• 32031, KODA Resources, pooling;
• 32032, Phoenix Operating, pooling;
• 32033, Phoenix Operating, pooling;
• 32034, Phoenix Operating, pooling;
• 32035, Phoenix Operating, pooling;
• 32036, Phoenix Operating, commingling;  
• 32037, Phoenix Operating, commingling;  
• 32038, Phoenix Operating, commingling;  
• 32039, Phoenix Operating, commingling;  
• 32040, Phoenix Operating, commingling;  
• 32041, Phoenix Operating, SWD,
• 32042, Phoenix Operating, SWD,
• 32043, Phoenix Operating, SWD,
• 32044, Phoenix Operating, SWD,
• 32045, Phoenix Operating, SWD,
• 32046, Phoenix Operating, SWD,
• 32047, Phoenix Operating, SWD,

Thursday, August 28, 2025
Link here.
18 pages (no typo -- 18 pages)

These are cases, not permits:

• 32048, NDIC, East Fork-Bakken; CLR, injection wells, Durant wells, #35145 #35148, inclusive; Williams County;
• 32049, NDIC, CLR, Durant,
  
• 32050, NDIC, CLR, Durant
• 32051, NDIC, CLR, Durant
• 32052, NDIC, CLR, Durant
• 32053, CLR, Frazier-Bakken, three 5120-acre units (8 section units); one well near section line, Divide County;
• 32054, CLR, Bluffton-Bakken and/or Juno-Bakken, three 1920-acre units; three wells each; six 3840-acre units; wells near the section lines; Divide County;
• 32055, CLR, Stoneview-Bakken and/or North Tioga-Bakken, 2560-acre unit; three wells; Divide County;
• 32056, CLR, Stony Creek-Bakken and/or Williston-Bakken, 1280-acre unit; six wells; Williams County;
• 32057, CLR, Temple-Bakken and/or Big Meadow-Bakken, 2560-acre unit; four wells; 5120-acre unit; one well near section line; Williams County;
• 32058, Formentera Operations, Baukol Noonan-Bakken, 1920-acre unit; six wells; Divide County;
• 32059, Formentera Operations, Baukol Noonan-Bakken, 1920-acre unit; six wells; Divide County;
• 32060, Mercury Resources, Buford-Madison and/or Briar Creek-Madison, two 1280-acre units; one well on each unit; Williams County
• 32061, EOG, Kittleson Slough-Bakken, 2560-acre unit; three wells; a 5120-acre unit; section line well; Mountrail County;
• 32062, EOG, Parshall-Bakken, 2240-acre unit; two wells; 2240-acre unit; two well;s 2240-acre unit; one well; Mountrail County;
• 32063, EOG, Stanley-Bakken and/or Parshall-Bakken, 3840-acre unit; two wells; Mountrail County;
• 32064, EOG, Cottonwood-Bakken and/or Alger-Bakken, 1280-acre unit; two wells; Mountrail County;
• 32065, EOG, Cottonwood-Bakken and/or Alger-Bakken, 3840-acre unit; seven wells, Mountrail County;
• 32066, EOG, Cottonwood-Bakken and/or Alger-Bakken, 1600-acre unit; three wells; Mountrail County;
• 32067, EOG, Alger-Bakken, 1760-acre unit, four wells; Mountrail County;
• 32068, EOG, Alger-Bakken, 2720-acre unit, two wells; Mountrail County;
• 32069, EOG, Alger-Bakken, 3200-acre unit; four wells; Mountrail County;
• 32070, EOG, Alger-Bakken, 1760-acre unit; three wells; Mountrail County;
• 32071, SOGC (Sinclair), Lone Butte-Bakken, siting of two wells; two 2560-acre units, section line well; McKenzie County;
• 32072, WGO Resources, a 320-acre unit, sections 17/18-140-104; one well; Golden Valley;
• 32073, legalese, revoke, XTO, Grinnell, Williams
• 32074, CLR, pooling,
• 32075, CLR, pooling,
• 32076, CLR, pooling,
• 32077, CLR, pooling,
• 32078, CLR, pooling,
• 32079, CLR, pooling,
• 32080, CLR, pooling,
• 32081, CLR, pooling,
• 32082, CLR, pooling,
• 32083, CLR, pooling,
• 32084, CLR, pooling,
• 32085, CLR, pooling,
• 32086, CLR, pooling,
• 32087, CLR, pooling,
• 32088, CLR, pooling,
• 32089, CLR, pooling,
• 32090, Foothills-Bakken, 1280-acre unit; four wells; Burke County;
• 32091, EOG, pooling, 
• 32092, EOG, pooling, 
• 32093, EOG, pooling, 
• 32094, EOG, pooling, 
• 32095, EOG, pooling, 
• 32096, Murfin, pooling;
• 32097, Murfin, pooling;
• 32098, Murfin, pooling;
• 32099, Zavanna, commingling;
• 32100, Zavanna, commingling;
• 32101, Formentera Operations, SWD
• 32102, Formentera Operations, SWD

Thursday -- August 7, 2025

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.

**************************
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. 

Liberation Day: August 7, 2025 -- Trump Demands That INTC CEO Resign Immediately -- Chinese Connection Not Tenable -- INTC Falling Over 4% Pre-Market -- August 7, 2025

Locator: 48793LD.

Stock to watch today: SRE.  

LNG earnings. Link here.

Cramer hour:

• top story: Samsung, then Corning!
• Apple American Manufacturing Program: how the "supply chain" starts
• Apple Silicon supply chain, end-to-end
  
• $600 billion over four years -- but doesn't really increase Apple's CAPEX all that much
• the pre-market tech stocks are surging

COP: sells Anadarko Basin assets. Anadarko is tracked here. Next: CVX to sell Bakken assets (tea leaves only, not announced).

• could we see Hess back in North Dakota? Here's hoping.
• North Dakota is Hess!
• from ChatGPT:
  

Jobless claims and productivity data: for what they're worth --

• non-farm 2Q24 productivity: better than expected, 2.4% vs 2.0%
• initial jobless claims: 226 vs 221k expected; "very well behaved"
• unit labor costs: 1.6% vs 1.5% estimate
• these numbers won't derail today's market; numbers, "generically pretty good."
• Steve Liesman:
• says productivity numbers are a "bit squirrely" 
• finally, finally, finally -- this is huge -- unemployment numbers greatly affected by AI.
• see my note two days ago, August 5, 2025 -- Steve must be reading the blog. LOL.
  

Scott Kupor: OPM Director, Stanford Graduate School of Business. 

Does Trump ever sleep? Demands Intel CEO step down. Having said that, 

• US Congress -- glacial in getting anything done even when in session
• a single member can use parliamentary rules to bring all work to a halt
• or just hand it off to Judge Boasberg
  
• other than government, does anyone use parliamentary rules (oh, yeah, that big island north of Europe)
  
• members can't get out of Washington fast enough on Fridays
• long holiday breaks
• end of confirmation of Trump's picks; big political story; doesn't matter

INTC: misstep after misstep after misstep --

DFW: keeps announcing new routes. Most recent: Cathay Pacific non-stop DFW to Hong Kong.

SRE earnings: just released; company's PR release --

• Pre-market, SRE: unchanged.

Best interview so far today -- 6:45 a.m. CT: Walter Isaacson on CNBC
coincidentally, a copy of Walter Isaacson's book next to my laptop (photo not staged -- LOL)

Liberation Day:

• the "original liberation" day, political, April, 2, 2027, wiki.
• Apple's / America's tech: liberation day -- August 7, 2025. Link here.

***************************
What We'll Be Talking About Today

INTC

• Trump has just tweeted -- INTC CEO must resign immediately -- Lip-Bu Tan -- China Ties!
• INTC down 3.5% in pre-market trading; now down 4.26%
  

Market

• Bank of England cuts interest rates by a quarter point

Market

• after yesterday's surge, US equity markets could break new records at open
  

Market

• Northup-backed aerospace company IPO today: Firefly Aerospace; IPO priced at $45.
• Warner Bros Discovery: beat on top and bottom. 
  

Apple

• sold its 3 billionth iPhone last quarter -- that's a lot of Corning glass; link here.
• GLW surges 3.5% in pre-market trading
  

Geo-politics:

• Trump and Putin may meet very soon

"Liberation Day" -- American tech

• American tech explosion, particularly Texas, Samsung, Intel
• Apple partners with Samsung on new chip
• American Manufacturing Program

Earnings out pre-market:

• COP
• beats by six cents
• COP up almost 2% pre-market; up $1.79 / share;
• non-GAAP: $1.42
• midpoint of FY output guidance unchanged
• maintains dividend at 78 cents / share
  
• SRE

AI tool: trickle. Incredibly interesting: https://content.trickle.so/tools. 

Germany: chart of the day. Link here.

**********************
From Earlier

Then this:

Add: GLW.

Then review:

American Manufacturing Company (did he ad-lib this name? LOL!)

• Apple
• Samsung
• Corning
• Coherent
• GlobalWavers
• Applied Materials
• Texas Instruments
• GlobalFoundries
• Amkor
• Broadcom

Note which company is not on that list: TSMC.

Old, haven't seen an update recently:

**********************************
Disclaimer
Brief Reminder 

Briefly:

• I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.
  
• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
  
• If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
• I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
• Longer version here.