The Million Dollar Way (The Bakken Oil Blog): 11/25/25

Tuesday, November 25, 2025

Updating BR Wells In Charlson Oil Field -- November 25, 2025

Locator: 49538B.

Perhaps one of the most interesting fields in the North Dakota Bakken.

See this post.

Updating these wells:

17309, TA/270, BR, Washburn 44-36H, Charlson, last sundry note dated 8/17/23 before well went confidential again; operator requesting TA extension; plans to re-enter on/about 4Q24 in order to bring well back on line; originally drilled back in 2008, IP of 270; open hole frack;
40566, drl/A, BR, Burned Edge 2A-ULW, Charlson, t5/25; cum 137K 10/25;
40567, drl/A, BR, Burned Edge 1A-ULW, Charlson, t5/25; cum 183K 10/25;

First, let's look at the newer, neighboring wells that were fracked in mid-2025:

40566:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2025	30	9768	9865	5848	0	0	0
BAKKEN	9-2025	30	14972	14896	8768	73351	72818	451
BAKKEN	8-2025	30	18160	18259	10373	74423	73785	554
BAKKEN	7-2025	24	20269	20258	9275	65535	64866	605
BAKKEN	6-2025	30	28449	28290	13626	85079	84119	875
BAKKEN	5-2025	22	37686	37794	13006	81454	80238	1152
BAKKEN	4-2025	7	7289	7017	1969	11206	10965	223

40567:

stimulated February 25, 2025; 50 stages; volume, 234,680 bbls; lbs proppant, 13,955,670 lbs; max treatment PSI: 9,152

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2025	31	17732	17757	6326	0	0	0
BAKKEN	9-2025	30	19932	19840	6810	68008	67327	601
BAKKEN	8-2025	30	24861	24959	8314	78812	77970	759
BAKKEN	7-2025	23	25477	25507	7216	64791	63971	760
BAKKEN	6-2025	29	39612	39354	11663	95565	94264	1218
BAKKEN	5-2025	20	44099	44329	10254	86923	85516	1348
BAKKEN	4-2025	9	11319	10897	2342	15236	14867	345

Now, let's look at a neighboring well, this well was taken off line January, 2020 -- more than five years ago; and, then brought back on line, February, 2025. Look at 23,371 bbls over six days which extrapolates to 116,855 bbls over 30 days:

17309, TA/270, BR, Washburn 44-36H, t7/08; cum 236K 10/25 (note that this well is still "TA" on the scout ticket -- NDIC;

BAKKEN	10-2025	31	12307	12225	7802	0	0	0
BAKKEN	9-2025	26	9059	9080	5832	36396	36060	273
BAKKEN	8-2025	29	16134	16122	10709	50647	50075	492
BAKKEN	7-2025	20	11966	11998	6856	34307	33902	357
BAKKEN	6-2025	23	20149	20022	13398	49717	49037	620
BAKKEN	5-2025	6	23371	23400	15409	46666	43289	3357
BAKKEN	4-2025	5	3521	3390	2502	5808	5689	107
BAKKEN	3-2025	3	0	0	6514	0	0	0
BAKKEN	2-2025	1	15	0	0	0	0	0
BAKKEN	1-2025	0	0	0	0	0	0	0
BAKKEN	12-2024	0	0	0	0	0	0	0

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The Original Post

Locator: 44565B.

The maps:

The wells:

37620, conf, BR, Sequoiafill 1A, Hawkeye,
37619, conf, BR, Sequoiafill 1B, Hawkeye,
37618, conf, BR, Sequoiafill 1C, Hawkeye,
37617, conf, BR, Sequoiafill 1D, Hawkeye,
37616, conf, BR, Sequoiafill 1E, Hawkeye,
37615, conf, BR, Sequoiafill 1F, Hawkeye,
37614, conf, BR, Sequoiafill 1G, Hawkeye,

17309, conf, BR, Washburn 44-36H, Charlson, last sundry note dated 8/17/23 before well went confidential again; operator requesting TA extension; plans to re-enter on/about 4Q24 in order to bring well back on line; originally drilled back in 2008, IP of 270; open hole frack;
40566, conf, BR, Burned Edge 2A-ULW, Charlson,
40567, conf, BR, Burned Edge 1A-ULW, Charlson,

XTO Has Seven New Permits -- November 25, 2025

Locator: 49537B.

WTI: $58.06.

Active rigs: 30.

Seven new permits, #42510 - #42516, inclusive:

Operator: XTO
Field: Grinnell (McKenzie County)
Comments:

XTO has permits for seven Hercules Federal wells, NENW 13-153-96,

to be sited 920 FNL and 2170 / 2350 FWL. The Trinnell oil field is unitized.
well of interest: 18678, XTO, GBU Charlson Federal 34X-12B, Grinnell, t1,174; cum 222K 9/25;

Apple -- AAPL -- Hits A New 52-Week High -- November 25, 2025

Locator: 49536AAPL.

Tag: Apple BRK investing AI Manhattan Project

Updates

Later, 10:33 p.m. CT: link here.

Original Post

AAPL: trading at $279.

Tag: Meta, AAPL, Apple, Nvida, NVDA.

BRK-B: is red (albeit, not by much) and Dow has surged 500 points.

Near the close, short-seller Michael Burry updated the market close --

Early afternoon: short-seller Michael Burry send me this -- BRK eked out a gain of .... wait for it .. 0.23%. Are you kidding me? GOOG alone was up almost 2% -- I did note that when it was revealed initiated a position in GOOG it was such a small amount, "it" wouldn't move the needle.... and it didn't.

Dow surges 500 points.

Mid-day:

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Alphabet -- Broadcom passes Meta's market cap.

Tensor: TPUs. Wow, I'm glad I covered "TPUs" some weeks ago. Jargon: TPU.

GOOG has added almost $2 trillion in the past six months.

GOOG has appreciated 16% since it was revealed that BRK / Warren Buffett has a position in GOOG.

We talked about that at the time.

The Book Page -- November 25, 2025

Locator: 49535BOOKPAGE.

Tag: history maps Palo Alta Mexico California

Book for the holidays. Have just started reading it. Very, very, very good.

Writer is a Marxist. Arrested for actions in Occupy Wall Street. But good writing. 700+ pages all-in (index, etc). Dense, well-researched. National best seller.

This is where the book begins:

Complete Retirement Guidebook: How To Plan It, Live It, and Enjoy It -- The Wall Street Journal, Glenn Ruffenach & Kelly Greene, c. 2007. -- November 25, 2025

Locator: 49534RETIREMENT.

Tag: Cascades Mt Shasta

Today's book: as a result of a sidebar e-mail discussion with a reader, ordered from Amazon two days ago and arrived yesterday --

Complete Retirement Guidebook: How To Plan It, Live It, and Enjoy It -- The Wall Street Journal, Glenn Ruffenach & Kelly Greene, c. 2007.

Paging through the book suggests to me there's a lot of goofiness in the advice. I'll comment on it as I go along. Maybe.

Hey, by the way, before I go on, a reminder. I've said this before on the blog -- I hate the word "retirement." No one should retire. One should stay active until no longer able. I prefer substituting the word "retirement" with "financial independence," which is pretty much defined as "cash on hand" + "mailbox money" - "necessary expenses."

Chapter 1: how do I want to spend my time once I'm financially independent? One needs to think about this well before one is financially independent. One should think about this during high school, late teen years, if not earlier.

Chapter 2: to work or not to work? Goofy. Once one is financially independent, one needs to do whatever one wants. Everyone has a different definition of "work."

Chapter 3: volunteering when one is financially independent? Goofy. Once one is financially independent, one needs to do whatever one wants.

Chapter 4: relocation? Really, really goofy. Once one is financially independent, one needs to do whatever one wants. Of course, I'm going to move where I want to move. I'm going to live where I want to live. If I can't exactly live where I want to live, I'm going to live how I want to live, which is much, much, much more important than where I live. This is a no-brainer. If you need someone to answer that question for you -- where to live when you are financially independent, wow!

Chapter 5: fitness and health. No opinion yet. Have to read the chapter. I'm sure RFK, Jr, will be eager to read this chapter. But again, one should be thinking about fitness and health from middle school on. This hardly needs to be in a book on being financially independent.

Chapter 6: before you open that next egg. Okay, finally some financial advice.

Chatper 7: budgeting for "financial independence." Should be a good chapter but the book was originally published in 2007 and a lot has changed.

Chapter 8: assets and buckets. Okay, hopefully this is good.

Chapter 9: pension, 401(k)s and IRAs. This one is important. Needs to be read / considered before one gets one's first paycheck.

Chapter 10: social security and Medicare. This should be a completely separate book.

Chapter 11: long term care strategies. This should be good. Hopefully.

Success stories: a balance of engagement and freedom. A must-read for curmudgeons like me.

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What To Do Before One Is Financially Independent

Visit the Cascade Mountain Range. Mt Shasta in the background.

Granddaughter Olivia to the viewer's left, in the white jacket.

Monthly Electricity -- Personal Usage -- Data For October, 2025 -- Posted November 25, 2025

Locator: 49533ELECTRICITY.

Tag: personal utility

Our only utility bill is electricity, for a small one-bedroom-one-bath-one-den/office apartment in north Texas. We have no natural gas. This is our total energy bill for the apartment.

Monthly bill was significantly LESS this month compared to last month, and less than the same month a year ago. With all fees, taxes, etc., we're averaging about 19 cents / kWh.

$77.05 / 395 = 19.5 cents.

EIA's data on electricity rates by state: link here.

AVGO -- Broadcom -- Pre-Market -- American Wealth -- Novemer 25, 2025

Locator: 49798AVGO.

Dow, pre-market: has just turned green. NASDAQ, red, but not by much.

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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.
Many posts are not proofread for several days after they've been posted.
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.
And Oracle.
Longer version here.

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It's All AVGO Today

Worth his weight in gold today:

News:

Ticker:

iPhone suppliers:

Tax Brackets; Retirement Contributions -- 2025 - 2006 -- November 25, 2025

Locator: 49801TAXES.

Most Amazing Factoid Of The Day -- GDP Around The World -- November 25, 2025

Locator: 49800GDP.

GDP.

Saudi Arabia: per capita, $24,000.

Texas: per capital, $88,000.

California: per capital: $102,000

California Fiscal Outlook: link here.

Back To The Bakken -- November 25, 2025

Locator: 49799B.

WTI: $58.62.

New wells reporting: link here.

RBN Energy: link here. Coming wave of LNG supplies more likely to produce a rising ride than a cataclysm. Link here. Archived.

Some of our art-loving readers may be familiar with the iconic image “Great Wave Off Kanagawa,” a Japanese woodblock that depicts three boats moving through a storm-tossed sea, with a large, cresting wave looming over them. Some LNG market observers have suggested that life is about to imitate art in the form of a massive wave of new LNG supply, emanating primarily from the U.S. and Qatar and expected to break on the shores of buyer nations worldwide over the next several years, resulting in economics bad enough to precipitate a pullback in LNG exports. In today’s RBN blog, we look at the latest projections and explain why the fears of oversupply and U.S. cargo cancellations may be exaggerated, and why the “great wave” some expect will more likely resemble a gradually rising tide.

The CEOs of TotalEnergies and Shell have recently expressed concern about the rapid growth in projected U.S. LNG exports and the negative impact that could have on the global market. They are worried that overproduction of LNG will lead to price declines in consuming markets and negatively impact the economics of LNG production, especially in the U.S. The International Energy Agency (IEA) expects global LNG nameplate capacity to rise by nearly 30 Bcf/d by 2030 (far-right column in Figure 1 below), led by the U.S. (blue bar segments) at 14.6 Bcf/d and Qatar (orange bar segments) at 6.3 Bcf/d, with the rest of the world (green bar segments) adding 8.8 Bcf/d. Note that the capacity additions are gradual, averaging less than 6 Bcf/d per year over the next five years. (Also note that only projects that have reached a final investment decision, or FID, are included in the Figure 1 data.

Chart Of The Day -- AVGO -- November 25, 2025