Locator: 49222B.
Wells in that same drilling unit are tracked here.
The well:
- 36920, 4,336, MRO, Adonijah USA 44-5TFH-2B, Reunion Bay, t11/20, cum 271K 4/21; cum 525K 2/23; still F; cum 597K 4/24; cum 607K 7/25; early production:
|
Wednesday, September 24, 2025
An Old MRO Well In Reunion Bay Just Went Over 600K Bbls Crude Oil Cumulative -- September 24, 2025
An Old Zavanna Simmental Well Southeast Of Williston Just Went Over 500K Bbls Crude Oil Cumulative -- September 24, 2025
Locator: 49221ELECTRICITY.
See this post for the other wells in this drilling unit. This well just went over 500K cumulative bbls crude oil:
- 28591, 726, Zavanna, Simmental 2-11 1H, Long Creek, 50 stages, 4.0 million lbs, t6/15; cum 401K 1/21; cum 427K 12/21; cum 428K 1/22; off line 2/22; cum 428K 2/22; off line 2/22; cum 433K 6/22; cum 472K 1/24; cum 500K 7/25;
Electricity Rates By States -- Just Posted -- July, 2025
Locator: 49220ELECTRICITY.
North Dakota comes in lowest for "all sectors," July 2025.
Louisiana, #2.
Industrial: cents/kWh -- numbers below are insane --
- California: 25.31
- Minnesota: 9.76
- Texas: 6.60
For all sectors, excluding Alaska, Hawaii:
- California is highest: 30.04
- Massachusetts: 24.17
- all other states tend to run: 9.00 cents to 12.00 cents
The Best Apple Deals Right Now -- Leading Up To Amazon Prime Days -- September 24, 2025
Locator: 49219APPLE.
Laptop:
- this laptop was released just five months ago, March, 2025 -- brand new;
- already 20% off
- the M4 may just be the best chip ever in a laptop designed for 99% of users;
- from The Verge:
The best iPad deal:
EN-Cvancara Wells Updated -- September 24, 2025
Locator: 49215B.
EN-Cvancara / EN-Fretheim wells (Hess, Robinson Lake; 18-well pad) -- not updated.
EN-Cvancara (Hess, Robinson Lake, updated, all the wells) -- new maps; some production updated.
Daily Activity Report -- September 24, 2025
Locator: 49213B.
A big "thank you" to the reader who alerted me to alternative link to access the DAR.
WTI: $64.75. And Brent flirting with $70-oil.
Active rigs: 34.
Five new permits, #42339 - #4233, inclusive:
- Operators: KODA Resources (3); Petro-Hunt (2)
- Fields: Writing Rock (Divide County); Little Knife (Billings County)
- Comments:
- KODA Resources has permits for three Kolsch wells, SESW 31-161-101,
- to be sited 659 FSL and 2082 / 2152 FWL;
- Petro-Hunt has permits for two Hurt wells, NWNE 17-144-98,
- to be sited 525 FNL and 2604 / 2637 FEL.
Four permits renewed:
- XTO: #37023, Edwards Trust Federal, Haystack Butte, McKenzie County;
- Stephens Williston: $40992, #40993, and #41015, Prattsville Federal wells, Stanley oil field, Mountrail County;
Four producing wells (DUCs) reported as completed:
- 40223, 2,267, Slawson, Kahuna 5-6-7H, McKenzie County;
- 40303, 1,580, Neptune, Foster 4-9-16 2H, Williams County;
- 40371, 2,832, Slawson, Kahuna 4-6-7H, McKenzie County;
- 40519, 1,436, Neptune, Foster 4-9-16 3H, Williams County;
Hess cancels four permits:
- #41863 - #41866, inclusive, BW-KKMP wells, McKenzie County based on name changes.
This And That -- September 24, 2025
Locator: 49212ARCHIVES.
Targeted ads: I can't articulate how much I appreciate "targeted ads." May expand on this later. A lot of folks on social media feel that "targeted ads" are cringe-worthy or are privacy issues. Not me. I love targeted ads.
Microsoft will embed Anthropic in its Co-Pilot browser.
Personal investing: I finally turned the corner -- a well-balanced portfolio. Took about two years. LOL.
Stargate: all five initial locations revealed. All five are near natural gas shale formations: the Texas Permian, the New Mexico Permian, and the Ohio Utica. Brilliant.
ATT / Nokia avoid damages. Link here. Texas. Precedential opinion. I normally don't read this stuff, but this turned out to be a significant case.
A law precedential opinion is a court's published ruling that establishes a legal principle or standard to be followed in future, similar cases, promoting stability, consistency, and predictability in the legal system through the doctrine of stare decisis ("to stand by things decided").
These opinions carry significant weight, setting a binding or persuasive standard that lower courts or other courts must or may consider, ensuring similar cases are treated alike and upholding public confidence in the law.
Tale of two tickers: SCCO and FCX today. SCCO up 8% today; FCX down 17%. I own the former and lots of it. CNBC panelists love FCX; never talk about SCCO. Never. Today, neither FCX nor SCCO were mentioned by panelists, at least during the segments I watched. And I watched a lot today. This was pure luck -- good luck for some; bad luck for others. Had nothing to do with one's ability to read financial charts or financial statements, something I've talked about before.
Nuclear power: not all that it is cracked up to be. Ask the French. In dire straits. If we're lucky there will be a third Trump term, just as Obama had three terms. Only option: coal. Maybe natural gas as the "bridging" fuel.
Sempra: more on the deal. Not sure what this all means. Like all energy today, SRE had a good day today.
LNG: no who should be really worried about AI-energy requirements? Europe. Link here.
AI-energy requirements? "If they build it, they will come." If OpenAI builds it, Sempra will come."
Amazon: most undervalued of the Mag-7 (mag 7). Can't disagree. Link here.
TikTok: Trump to sign executive orders tomorrow, Thursday, September 25, 2025. Links everywhere.
*****************************
New iPad In The Extended Family
Only because of a targeted ad.
Tim Cook Has An Offer He Can't Refuse -- September 24, 2025
Locator: 49211AAPL.
A reader suggests Tim Cook will buy Intel.
We'll come back to this later. Other "stuff" to blog.
But one snippet:
Intel's new chips under development include the next-generation client CPU platform, Panther Lake, using the new 18A process node, and the 14A process node with high-NA EUV technology for future chips. They are also developing advanced packaging technology to create larger AI chips and are working on next-generation AI accelerators like Jaguar Shores, though they have conceded the AI training market to competitors.
But, Tim Cook now has an offer he can't refuse and President Trump, I assume, is going out to look at horses.
************************
The Offer
***********************
My Initial Response
Strong feelings. Against.
Won't repeat my original thoughts.
***********************
Buffett
Warren Buffett's BRK-B had a huge stake in AAPL.
Then, one day, BRK-B started selling significant amounts of AAPL.
The reason was never given. The selling seemed to occur about the same there was a lot of social media chatter about China invading Taiwan. The end of TSMC as we know it. TSMC is Apple's primary fab.
************************
Tim Cook
Famed logistician. Knows the risk of a single-point "supplier."
Could Intel be a second source? Could Apple make it work?
Huge -- AI -- Chatbots -- Microsoft -- Anthropic -- September 24, 2025
Locator: 49210CHATBOTS.
Announced earlier this morning.
Testing AI -- CFA -- September 24, 2025
Locator: 49209AI.
Chatbots are tracked here.
The new study – developed by researchers from New York University Stern School of Business and Goodfin, an AI-powered wealth-management platform – evaluated 23 large language models on their ability to answer multiple choice and essay questions on mock CFA Level III exams. They found frontier reasoning models, including o4-mini, Gemini 2.5 Pro, and Claude Opus, were able to use “chain-of-thought prompting” to successfully pass.
These are the three platforms that were tested:
- Google's Gemini 2.5 Pro
- Anthropic's Claude Opus
- OpenAI's o4-mini.
So, what's "o4-mini"?
O4-mini is not the full version of ChatGPT, but rather a smaller, cost-efficient model developed by OpenAI that is now integrated into ChatGPT and the API to offer fast and capable performance, especially for coding and visual tasks. ChatGPT users can select and use O4-mini, and it was released to all users, including free-tier users, in April 2025.
Chatbots by market share:
Video Of The Day -- And It's Not Jimmy Kimmel -- September 24, 2025
Locator: 49208AI. 
Abilene. Announced January 21, 2025. Operational yesterday. David Farber needs to see these videos.
Three of these sites in Texas; one in New Mexico -- just across the state line from Texas and in the Permian. The fourth site in Lordstown, Ohio -- just announced today. Link here.
Lordstown, Ohio, is located in the heart of the Utica and Point Pleasant shale formation, meaning it is directly within the Utica natural gas play. The Utica Shale is a large geological formation that extends under much of Ohio, making Lordstown a key area for natural gas extraction within that field.
Headline News -- September 24, 2025
Locator: 49207ARCHIVES.
Phones: lots and lots of talk about other ways for folks to interact with the meta universe.
I've struggled with this question for months. I can't come up with anything other than access to the meta universe hinging on/around a hand-held device, something like the .... let's call it the iPhone.
But no, the iPhone is becoming more and more irrelevant as a phone! At least as far as random, unannounced, incoming phone calls are concerned. Anyone that has a life any more no longer has the time / convenience / luxury of taking random, unannounced, income phone calls. Phone calls are now scheduled. Politicians and CEOs have known this for years.
Politicians and CEOs, among others, have factotums or executive secretaries or chiefs of staff. Five years from now, perhaps sooner, one's "iPhone" becomes one's gatekeeper with a AI as the executive secretary. And if you've never had an executive secretary, you don't know what you're missing. LOL.
My hunch: Apple's first iteration of the virtual executive secretary will be a Japanese-manga-inspired Sweeney -- fill in the blank -- but with AI, with emphasis on the "I" -- intelligence.
By the way, when we will finally get rid of "artificial"? There's nothing artificial about AI; it's real. Better get used to calling it something else. On-demand information -- ODI? There's a huge difference between "intelligence" and "information."
NFL: getting richer and richer.
Ready to re-negotiate the deal signed in 2001 and "good" until 2029. Wow! Jerry Jones' fingerprints are all over this "pop-up." Good for him. He plays a good game. Just not football. LOL. I can't think of any one "sector" that is more relevant in the US right now than the NFL. The NFL's challenge: getting announcers that measure up to the sport. No one has yet matched the SNF lead-in by NBC.YouTube: now lets you "hide" those pesky pop-up end-video ads. Link here.
Texas: two ICE detainees shot and killed by sniper from roof of neighboring building.
Energy is breaking out?
New home sales surge.
- up 20.5% to 800K
- 800K vs 650K estimate
Copper:
- FCX plummets; drops 10%;
- SCCO surges; up 10%.
- Not yet mentioned by CNBC.
- copper ore: up 15 cents today;
Omission: Stargate Abilene went operational yesterday and not even mentioned on CNBC.
BABA (Alibaba): jumps on AI spending. Up almost 10% in early trading.
CFA exam: AI can now "pass" all three levels; this is akin to "Bobby Fischer chess." Link here. Link here, also.
- interestingly enough CNBC misses the big story here;
Instagram: owned by Meta / Zuckerberg -- now has 3 billion active monthly users.
ARM:
- server CPUs; ARM now has 25% market share; up from 15% a year ago; driven by Nvidia's GB200 and GB300 systems. Beth reports.
QCOM: up 2% today.
Tech investing: CNBC' "Squawk Box" -- first hour -- Faber raises alarms on AI investing.
The Buffett watch: link here.
Lithium Americas: up almost 100%. Link to Barron's.
French nukes: electricity manufacturing to be stressed going forward. Link here.
Market:
- shaky at opening
Power Lunch, CNBC:
- so much better without Kelly Evans, particularly when Melissa Lee and Mike Santoli co-host.
- Kelly Evans returns to CNBC on December 1, 2025, following maternity leave.
Politics: Kamala throws her former VP-select under the bus.
***************************
Links / Background
CFA exam: AI can now "pass" all three levels; this is akin to "Bobby Fischer chess." Link here.
- interestingly enough CNBC misses the big story here;
Subscribe to:
Comments (Atom)