Locator: 49728B.
Personal note: I got my "seasonal flu shot" yesterday (right arm) and the "new" Covid-19 vaccine (left arm; Moderna) yesterday. Took Tylenol in anticipation; one more Tylenol four hours later; can't recall if I took a Tylenol at bedtime; took a Tylenol in this am.
Left arm: almost no discomfort; hardly know I got the shot. Brand name: Fluzone Hd 25 - 26 Pfs Sanofi.
Right arm (flu): very painful, but compared to almost every other pain I've had in life, I hardly notice it. And if I keep moving it (as in "work"), I don't even notice. it. Brand name: Mnexspike 25-26 Pfs inj Moderna.
I have always gotten the Pfizer vaccine (this is my sixth Covid vaccination (remember, at the beginning, those vaccines came fast and furious; now annual) but the pharmacy I always go to did not have the Pfizer vaccine this year. They couldn't get any; sold out. So, I got the Moderna. I really don't "care" any more. For me, perfect timing. Covid is annual so it really doesn't matter, just get it. "Seasonal flu," on the other hand is seasonal (well, duh) and CDC shows that there's not much influenza going around quite yet. Incredibly warm winter is mostly the reason. So, I got the "flu" in anticipation of a colder January.
Putting Pelosi to shame: we'll get back to this later. No doubt Mr. Trump has four kids who are helping him in his private business dealings. The WSJ has a front-page article on the Trump global business "franchise."
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Back to the Bakken
WTI: $56.38.
New wells reporting:
- Friday, December 19, 2025: 45 for the month, 168 for the quarter, 752 for the year,
- 41691, conf, CLR, Sibbern Federal 5-22H1,
- 41278, conf, Hess, BB-Rice-LW-150-95-07H-1,
- Thursday, December 18, 2025: 43 for the month, 166 for the quarter, 750 for the year,
- 41300, conf, Hess, BL-Herfindahl-LW-156-95-3031H-1,
- 40846, conf, Devon Energy, Grand national 34-36F-3H,
RBN Energy: E&Ps foresee little change in CAPEX plans, but production continues to grow. Link here. Archived.
U.S. oil and gas producers continue to ignore political pressures to “drill, baby, drill,” sticking rigidly to capital discipline and trimming their drilling-and-completion activity. But that hasn’t kept production from inching up as E&Ps continue to increase their productivity. In today’s RBN blog, we’ll review recent adjustments to producers’ capital budgets and the data we have so far on their 2026 spending plans.
The revised 2025 capital spending guidance for the 38 E&Ps we monitor increased to $60.4 billion (solid blue bar labeled Q3 2025E and left axis in Figure 1 below), up about $400 million from Q2 2025 guidance, but that still leaves capital outlays about 3% below their 2024 level. Two-thirds of the Q3 increase was from the Diversified E&P peer group, but the year-over-year decline for the group remains at 6%. Spending in 2025 so far by the Oil-Weighted E&Ps is 2% lower than 2024, while the Gas-Weighted E&Ps are expected to increase their investment by 1%.
