US Economy Doing Just Fine -- June 23, 2026

Locator: 51040ECONOMY.

Grandchild #2 -- jet fighter flight today. Some weeks ago, Olivia, shaved her head to the scalp. Think Demi Moore. LOL.

I see she is lettingher hair grow out. T-38 jet / F-5. She's at the USAF test flight base, Edwards Air Force Base. She arrived at Edwards AFB the day the B-52 crashed, killing eight members on board.

 

Amazon Prime Day (days / week): starts today, ends Friday. 

There was a recent article comparing Target's subscription program with Amazon Prime. In my mind, there's no question, and we live next door to a Target. In addition to everything else, we get a lot of exclusive NASCAR races on Amazon Prime Television (streaming). I don't think Target has a streaming network; could be wrong. Target definitely doesn't the SKU volume that Prime has.

Manufacturing PMI: does one need to go back to 2022, right after Covid, to see these numbers? 

World's Largest AI Supercomputer Has Come On Line -- MSFT -- Wisconsin -- June 23, 2026

Locator: 51039COMPUTER.

I track supercomputers here. Up until now, this site was for "traditional supercomputers." I guess we start adding "AI supercomputers" now. 

Right on the lake. North of Chicago, south of Milwaukee and southeast of Madison. 

  

Least Expensive Gasoline Goes Below $3.00 In North Texas -- DFW Area -- June 23, 2026

 Locator: 51038GASOLINE.

 My 2012 Honda Civic. Bought in 2011. Driving more this week to take Sophia to sailing camp.

MMFs -- Weekly Report -- Just Shy Of $8 Trillion -- June 23, 2026

Locator: 51037MMFS.

Tag: my favorite chart MMF MMFs 

My favorite chart. 

ICI MMFs: link here.  

MMFs report from last week. I believe this is a new record; trending toward $8 trillion.

*************************
Yen 

Wow, Yen:$ 162:1 

Much of my lifetime, "we" saw yen at 100 to the dollar. 

Tuesday, June 23, 2026

Locator: 51036B.

Micron Technology (MU): will report its fiscal third-quarter results for 2026 on Wednesday, June 24, after the market closes. Management has provided preliminary guidance of record revenue around $33.5 billion and adjusted earnings of $19.15 per share, with the company's high-bandwidth memory (HBM) supply for the year completely sold out. 

Micron Technology (MU): BofA raises MU price target to $1,500 vs $950.  Wow, from $950 to. $1,500 is not trivial.

IBM bucks today's trend: up 4.4% pre-market; much of rest of tech falls significantly. 

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

WTI: $73.51. Lowest level in past three months. Best gasoline price in local area (north Texas, DFW, $3.04 at local Walmart).

New wells reporting:

• Wednesday, June 24, 2026: 28 for the month, 184 for the quarter, 341 for the year,
• 41607, conf, Hess, BL-Mortenson-156-95-2234H-5, 
• Tuesday, June 23, 2026: 27 for the month, 183 for the quarter, 340 for the year,
• 41682, conf, Devon Energy, Johnson 27-34 8H, 

RBN Energy: plans to move more Marcellus / Utica gas to the midwest, mid-south, and deep south. Link here. Archived.

Midwestern states like Ohio, Indiana, Illinois and Michigan are important markets for natural gas producers in the Marcellus/Utica, as are states in the Mid-South like Kentucky and Tennessee and states in the Deep South. But expanding gas sales in those markets will require a lot more pipeline capacity, and that’s exactly what’s in the works. In today’s RBN blog, we continue our look at the pipeline projects being planned to move more Appalachia-sourced gas within — and out of — the U.S.’s largest gas production region.

This is Part 5 of our blog series on gas market dynamics in the Northeast. In Part 1, we said the Appalachia market has been quietly evolving in ways that will not only shift flow patterns within the region but also affect flows to the Southeast, Midwest and Gulf Coast. Part 2 focused on gas demand within the Northeast, which is getting a big boost from the power-generation sector as coal retirements continue and data center development proliferates. In Part 3, we started a review of the pipeline projects planned to enable more gas to flow through and out of the Marcellus/Utica, focusing on projects in New England and New York. Part 4 continued that review with a look at projects within Pennsylvania; regionwide enhancements like TC Energy’s Appalachian Supply Project; and projects involving or tied to either the Mountain Valley Pipeline or Williams’s Transco system.

Today, we wrap up the pipeline projects part of our series with an analysis of (1) projects that will provide expanded capacity to eastern Ohio and beyond and (2) projects that are more distant but still related to the Marcellus/Utica.

Expanded capacity to Ohio and beyond

There already are several major pipelines that transport Appalachian gas west. These include the bidirectional, Tallgrass Energy-operated Rockies Express (REX), which can move up to 2.6 Bcf/d westward; Enbridge’s sprawling Texas Eastern Transmission Co. (TETCO), and TC Energy’s ANR Pipeline system. (The ANR system is being expanded to support new data centers and related power projects in the Upper Midwest — more on that later) and two big greenfield pipelines that started up in 2018: Energy Transfer and Ares Management’s 3.425-Bcf/d Rover Pipeline and Enbridge’s 1.4-Bcf/d NEXUS Pipeline.

As massive as these pipelines may be, rising gas demand means that still more westbound capacity into, through and out of Ohio will be needed over the next few years. Among the largest development efforts is Boardwalk Pipelines’ two-part Borealis Pipeline Project, which will enable an incremental 2 Bcf/d to be transported west across Ohio and an incremental 1.75 Bcf/d to move into southeastern Indiana and northern and western Kentucky. (Boardwalk is a subsidiary of Loews Corp.)

Figure 1. Boardwalk’s Two-Part Borealis Pipeline Project. Source: Novi Labs

BR's Incredible Extended Long Reach Laterals, Tilton Wells, Lone Butte Oil Field, North Of The Killdeer Mountains -- June 23, 2026

Locator: 51035TILTON. 

The BR Tilton wells in Lone Butte oil field, just north of the Killdeer Mountains. These wells are extended-long laterals, three miles long (three sections). 

The wells:

• 41261, drl/A, BR, Tilton Diamond Forest 2A ULW-R, Lone Butte, cum 153K in less than five months:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2026	31	20246	20246	14543	0	0	0
BAKKEN	4-2026	30	28627	28627	32615	87970	86523	1344
BAKKEN	3-2026	28	20882	20882	30335	58100	57091	923
BAKKEN	2-2026	28	35548	36072	46554	81567	80390	1080
BAKKEN	1-2026	31	47397	46873	49696	88410	88230	0

• 41073, dry (problem while casing), BR, Tilton Diamond Forest 2A ULW, Lone Butte, dry

• 41064, drl/A, BR, Tilton 2B, Lone Butte, cum 189K in less than four months:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2026	31	29831	29818	20798	0	0	0
BAKKEN	4-2026	26	38178	38194	31516	64209	62450	1739
BAKKEN	3-2026	31	46428	46560	42369	75852	74424	1407
BAKKEN	2-2026	28	74635	74364	69139	100698	98461	2204

• 41065, drl/A, BR, Tilton 2C, Lone Butte, 28,865 bbls over 12 days extrapolates to 72K over 30 days:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2026	9	8703	8756	5061	0	0	0
BAKKEN	4-2026	12	28865	28787	21071	48739	47432	1291
BAKKEN	3-2026	6	5070	5158	4900	7410	7281	127
BAKKEN	2-2026	11	28406	28303	15557	43485	42571	900

• 41066, drl/A, BR, Tilton 2D, Lone Butte, 85,896 bbls over 24 days extrapolates to 107K over 30 days; cum 166K in less than three months:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2026	31	34957	34942	23176	0	0	0
BAKKEN	4-2026	30	44994	45107	40423	72141	72117	0
BAKKEN	3-2026	24	85896	85638	62727	115948	115916	0

• 40983, drl/A, BR, Tilton 2E, Lone Butte, 46,889 bbls over 15 days extrapolates to 94K over 30 days:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2026	31	30339	30324	33365	0	0	0
BAKKEN	4-2026	26	38444	38461	56911	61490	61470	0
BAKKEN	3-2026	15	46889	46748	39222	81044	81021	0

• 41067, drl/A, BR, Tilton 3D, Lone Butte, 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2026	26	33959	33984	23033	0	0	0
BAKKEN	4-2026	29	55984	55846	51946	97209	97177	0
BAKKEN	3-2026	5	14049	14007	8618	18308	18303	0

• 41068, drl/A, BR, Tilton 3E, Lone Butte, 59,310 bbls over 17 days extrapolates to 105K over 30 days:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2026	16	14289	14235	13105	0	0	0
BAKKEN	4-2026	6	3462	3616	8098	5836	5706	128
BAKKEN	3-2026	31	55075	55126	56080	86946	85428	1494
BAKKEN	2-2026	17	59310	59094	52421	86646	84885	1732

• 41069, drl/A, BR, Tilton 3F ULW, Lone Butte,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	5-2026	31	46253	46253	34724	0	0	0
BAKKEN	4-2026	15	8959	8959	16026	20063	19588	433
BAKKEN	3-2026	24	35729	35762	41087	98076	96459	1546
BAKKEN	2-2026	28	52055	52280	59382	106456	104779	1572
BAKKEN	1-2026	31	41905	41647	44749	44204	44076	0

**************************
The Maps

AI -- You Can Howl At The Wind, But AI Is Here To Stay -- June 22, 2026

Locator: 51034LDCS. 

Tag: LDCs 

Map: Data Center Map -- link here. 

Updated June 22, 2026 (previous update, June 6, 2026). Note how California and New York state have remained unchanged. Texas and Virginia continue to grow. 

Top states, change from previous update (June 22, 2026 -- link here):

• Virginia: 579 --> 601-->603-->609 -->632
• Texas: 411 --> 441-->461-->464–>467-->473
• California: 289 --> 288-->287—>287-->287
• Illinois: 232 --> 228-->228-->228-->239
• Georgia: 214 --> 213-->213-->219-->225
• Ohio: 201-->204-->204-->204–>210-->224
• Arizona: 163 -->157-->156-->156-->156
• New York: 133 --> 132 --> 132-->132-->132
• Pennsylvania—> 131-->130
• Indiana: 89 --> 122-->122-->122-->123
• Iowa: 96 --> 101-->102-->102-->103
• Missouri: 91-->91
• Tennessee: 61-->63

The USofA currently has 4409 data centers (up from 4328 data centers in earlier June, 2026) listed, from 50 states in USA (America). Click on a state at the link, to explore the data center locations.

Foreign Exchange Reserves -- Russia, Saudi Arabia, China -- China Data Updated June 22, 2026

Locator: 51033RESERVES.

Foreign exchange reserves: Russia, Saudi Arabia, China. 

Russia, link here: posted June 6, 2026: 

Saudi, link here: posted June 6, 2026: 

China, link here, posted June 22, 2026: 

Three New Permits; Three Permits Canceled -- I Guess That's A Wash -- June 22, 2026

Locator: 51032B. 

Investing: final three trades -- CVX, MPC, and CAT. Whoo-hoo. CAT is amazing. 

Cramer: middle school, high school, college -- learn anything and everything ... except money management and financial independence. 

Chart of the day? IBM! Whoo-hoo. The excitement about IBM is all about quantum computing. Amazon AI suggests quantum computing will "be a thing" in five to seven years.

CAT:

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

WTI: $73.86.

Active rigs: 27.

Three new permits, #43057 - #43059, inclusive,

• Operator: Whiting
• Field: Foreman Butte, McKenzie County;
• Comments:
• Whiting has permits for three Two Pence Federal wells, SWSE 32-151-102, 
• to be sited 250 FSL and 1630 / 1696 FEL. 

Three permits canceled:  

• Devon Energy (2): two FBIR MHA permits, Dunn County;
• CLR: one Throvald permit, Dunn County;

Project Kilby -- Massive New LDC -- To Be Built In West Texas -- Reeves County -- Pecos -- I Love Seeing "Massive, Texas" In Same Sentence -- June 22, 2026

Locator: 51031LDC. 

Reminder: LDC --

• price of entry: 1 GW
• the new norm: 2 GW
• rare: 3 GW 

Microsoft and Chevron's proposed "Project Kilby" data center and its co-located power plant will be built on a 2,000-acre site in Reeves County, Texas. This location is near the city of Pecos, right in the heart of the Permian Basin oil and gas field. 

The massive 2.7-gigawatt project will be a "behind-the-meter" campus, meaning the power infrastructure will be built directly on-site and the data center will bypass the traditional regional grid entirely. The facility will be fueled by Chevron's local natural gas production and is slated to deliver its first power by 2028.

Project Kilby is not part of the massive 5-LDC "Stargate" initiative previously announced. I believe one of of the five Stargate projects is in Abilene, TX, not associated with Project Kilby.

 Stargate is tracked here.

Monday -- The UK -- A "Deindustrialized Welfare Zone" -- June 22, 2026

Locator: 51030B.

Politics: UK PM Starmer resigns as Britain faces its seventh leader in 10 years. This is why Starmer failed according to Gemini:

From Geiger Capital regarding UK, link here: 

Investing / market: this market is so crazy, this is the best I can do at the moment -- futures, Monday morning -- 

Movies: Christopher Nolan's The Odyssey. 

The movie will be a blockbuster or a disaster, depending on word-of-mouth / critical reviews within 72 hours of its release July 17, 2026. The definition of blockbuster / disaster will be based on financial success / failure. It will not be based "on the film itself." That will take years.

My hunch: its all-star cast will save the movie financially, but the movie won't have legs. It will be a must-see movie ... but just once. It's not a movie that will generate a following like the great movies of the past. 

There's going to be a lot of articles on this movie between now and July 20, 2026. Christopher Nolan's The Odyssey will be a movie version of The Kardashians. The movie will be "famous" for being "famous." The movie will be a "must-see" because of the "must-see" hype. I have no desire to see it. My wife does. 

Matt Damon doesn't have the gravitas to play Odysseus. 

If the movie fails, it will be compared to David Lynch's Dune. 

Christopher Nolan’s The Odyssey cost a reported $250 million to produce. Industry estimates suggest Universal Pictures added an additional $100 million to $150 million for global marketing. Together, the film's total estimated budget, including production and marketing, is between $350 and $400 million. The first movie in the Star Wars franchise, cost $11 million with an additional $26 million spent by 20th Century Fox for prints, negatives and advertising. 

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

WTI: $75.40. Already volatile, it's going to be even more volatile this week. 

New wells reporting:

• Tuesday, June 23, 2026: 27 for the month, 183 for the quarter, 340 for the year,
• 41682, conf, Devon Energy, Johnson 27-34 8H, 
• Monday, June 22, 2026: 26 for the month, 182 for the quarter, 339 for the year,
• 41610, conf, Hess, BL-Mortenson-LE-156-95-2234H-1, 
• Sunday, June 21, 2026: 25 for the month, 181 for the quarter, 338 for the year,
• None.
• Saturday, June 20, 2026: 25 for the month, 181 for the quarter, 338 for the year,
• None.

RBN Energy: key step can help gas pipelines boost regulatory certainty, limit court challenges. Link here. Archived.

Open seasons are a key part of marketing capacity for gas pipeline and storage projects, but they can also raise several regulatory questions. It starts with determining whether an open season is legally required or is simply an expected part of the process, and extends to the nuts and bolts of how it should all be designed and run. And the answers depend on what kind of open season it is. In today’s RBN blog, we take a deep dive into the ins and outs of a gas project open season.

This is our second blog in a three-part series on open seasons. As we covered in Part 1, an open season is essentially a competitive bidding process in which any qualified shipper can compete for firm pipeline capacity. That capacity might be on a brand-new pipeline, an expansion of an existing system, or space that’s opened up because current shippers decided to give some back or it was simply unsubscribed. The rules and customs vary depending on the situation, and there are big differences in how the Federal Energy Regulatory Commission (FERC) regulates natural gas and liquids (crude oil, refined products and NGLs) pipelines. Things get even looser with intrastate pipelines and gathering systems, where there are no federal rules to worry about — just state rules and commercial norms. In this series, we're focusing on the interstate world, where open seasons are pretty formalized and can carry real consequences.

Today, we’re zeroing in on natural gas, including how open seasons connect to precedent agreements and certificate proceedings. (A precedent agreement is a binding commercial contract in which a shipper commits to reserve and pay for transportation capacity, usually contingent on the pipeline project being built or expanded. The agreement outlines key terms such as volume commitments, contract length, rates, receipt and delivery points, and conditions required for the project to proceed.) In Part 3, we'll tackle services by crude oil, refined products and NGL pipelines, where the common-carrier model — with all its quirks like proration, committed versus uncommitted service, and contract terms — affects the need and terms for open seasons. It’s a dense regulatory topic, but we’ll break it down in a way that we hope can keep you awake.

[There's a huge photo at the link above, but it's not worth including. It's simply a photograph of a pipeline under construction.]

A Musical Interlude -- June 21, 2026

Locator: 51029MUSIC

Investing: link here. 

• Kinetic Holdings (KNTK)
• SLB (SLB)
• IBM (IBM)

************************************
A Musical Interlude

I've often said that 1969 was the best year ever for music. I have a blog devoted to music released in 1969. 

I was surprised to find this on YouTube recently, perhaps my favorite secondary musical theme for  the James Bond film series, for the movie On Her Majesty's Secret Service.

Link here. 

The Enerplus (Chord) Crying Tree Wells In Little Knife, McKenzie County -- June 21, 2026

Locator: 51028ENERPLUS.

This is kind of a disjointed post -- but I think you can figure it out. 

Disclaimer: in a long note like this, there will be typographical and content errors.  

The Bakken never fails to amaze me. See disclaimer.  I count 15 wells on this pad. 

Recently fracked Enerplus (now part of Chord) wells on an existing pad, near Killdeer, McKenzie County, sent to me by a reader. Thank you very much. I noted  these wells recently but failed to post a stand-alone note. Just too much stuff to cover, but when a reader notes them, I try to make sure they get extra attention. 

From the reader:

Notice the nomenclature of 41407. It’s quite clever, as it’s literally on the edge of HELL. Ha! Crying Tree 147-97-8-5-9H-ELL.

The actual well site is breathtaking.  The pad of ~15 wells is on a tight pad on the very edge of the bluff that begins the Badlands to the west. It’s really something. 

 The Devils Canyon wells and Crying Tree wells:

The Enerplus Devils Canyon wells, completed back in 2024, on the northeast side of the pad, currently offline due to Crying Tree activity to the southeast, the wells:

The Enerplus Crying Tree wells, recently completed, on the southeast side of the pad:

• 40464, drl/IA, Enerplus, Devils Canyon 147-97-17-20-2H-WLL, Lone Butte, t5/24; cum 227K 9/25;
• 40102, drl/IA, Enerplus, Devils Canyon 147-97-17-20-3H, Lone Butte, t5/24; cum 202K 8/25;
• 40103, drl/IA, Enerplus, Devils Canyon 147-97-17-20-4H, Lone Butte, t5/24; cum 199K 8/25;
• 40104, drl/IA, Enerplus, Devils Canyon 147-97-17-20-5H, Lone Butte, t5/24; cum 209K 10/25;
• 40105, drl/IA, Enerplus, Devils Canyon 147-97-17-20-6H, Lone Butte, t5/24; cum 217K 10/25;
• 40106, drl/IA, Enerplus, Devils Canyon 147-97-17-20-7H, Lone Butte, t5/24; cum 200K 8/25;
• 40107, drl/IA, Enerplus, Devils Canyon 147-97-17-20-8H, Lone Butte, t5/24; cum 179K 9/25;
• 40108, drl/IA, Enerplus, Devils Canyon 147-97-17-20-9H-ELL, Little Knife, t5/24; cum 222K 10/25;

The Enerplus Crying Tree wells, recently completed, on the southeast side of the pad:

• 41470, conf/recently fracked, Enerplus, Crying Tree 147-97-8-5-3H, Little Knife, 

Date	Oil Runs	MCF Sold
4-2026	8613	14965

• 41471, conf/recently fracked, Enerplus, Crying Tree 147-97-8-5-4H, Little Knife, 

Date	Oil Runs	MCF Sold
4-2026	7192	9963

• 41472, conf/recently fracked, Enerplus, Crying Tree 147-97-8-5-5H, Little Knife, 

Date	Oil Runs	MCF Sold
4-2026	11309	15410

• 41473, conf/recently fracked, Enerplus, Crying Tree 147-97-8-5-6H, Little Knife, 

Date	Oil Runs	MCF Sold
4-2026	7773	11438

• 41474, conf/recently fracked, Enerplus, Crying Tree 147-97-8-5-7H, Little Knife,  

Date	Oil Runs	MCF Sold
4-2026	10748	14673

• 41475, conf/recently fracked, Enerplus, Crying Tree 147-97-8-5-8H, Little Knife,  

Date	Oil Runs	MCF Sold
4-2026	6040	8193

• 41407, conf/recently fracked, Enerplus, Crying Tree 147-97-8-5-9H-ELL, Little Knife,  

Date	Oil Runs	MCF Sold
4-2026	6516	8425

**************************************
The Maps

Again, the incredible Killdeer Mountains area. 

End-Of-Day Rambling -- June 21, 2026

Locator: 51027ARCHIVES.

Some days it just seems I can't keep up. Today is another one of those days. 

Sports today: both the NASCAR race on Naval Base Coronado (San Diego) and PGA's US Open tournament on Long Island were absolutely incredible. 

The Wyndham Clark story is / was amazing. The Jay Busbee analysis is must-read. Link here. The article was posted at 6:49 a.m. CDT before the fourth and final round had begun. I'm reading the article now, after the tournament is over. Wow, incredible writing and an incredible golf tournament. It will be interesting if Mr Busbee follows this up with an article on some of the vocal and boorish spectators. Later: Mr Busbee follows yesterday's essay with one late Sunday evening after the end of the US Open. Link here. Calls out the boorish NY US Open spectators -- can't really call them fans. Really well done. In fact, this is the subject of many articles Monday, June 22, the day after the US Open. So satisfying to see Wyndham Clark win a second US Open despite the heckling. From Busbee's article:  

That's all correct, and Scheffler was wise to take the high road and pivot the story into one praising Clark's mental toughness. So we'll say what the players inside the ropes are too diplomatic to say: This [the boorish NY spectators heckling] was an embarrassment to Long Island, to New York, and to the game of golf.

Most disappointing: Scottie Scheffler, Rory McIlroy, Jordan Spieth. Probably others but I'm not following the PGA very closely any more. Speaking of which, Rolex needs to move on; quit with the stills of Tiger Woods. Speaking of which, Brandel Chamblee has a new piece out regarding Tiger Woods this weekend, link here. I haven't read more than the headline and part of the first paragraph; not sure if I will read any more of it.

The NASCAR race -- one of the best ever. I've said that before, but this was a great race on so many levels. Michael Jordan came close to seeing his team take the 1-2-3 top spots. 

Michael Jordan's 23XI Racing team had a dominant, historic 1-2 finish at the inaugural NASCAR Cup Series street race at Naval Base Coronado. 

Part-time driver Corey Heim won the race in the No. 67 Toyota, and his 23XI teammate Bubba Wallace finished second. 

The race was highly dramatic in its closing laps. Heim seized the lead from his other 23XI teammate, Tyler Reddick, with just two laps remaining. Reddick subsequently suffered a flat tire and finished 25th, leaving the top two spots for Heim and Wallace. 

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

Earlier today I posted a note regarding some great Enerplus wells coming off the confidential list in the next week or so. A reader sent me a note on another set of Enerplus wells. I will post his note later after I get a chance to spend some time looking at the wells.

***************************
The Mideast

The Mideast kerfuffel may not be over. That's not surprising. Conflicts have pretty much gone on non-stop for 2,000 years.  

The Arab nations with interests in the Persian Gulf (i.e, OPEC for the most part) may want to get out an old classic by the Brothers Grimm. The Arab nations are about to lose their "Golden Goose" if they're not careful.  

 *************************
Taxes

The story making the rounds right now: North Dakota may join Florida and Texas as being the most tax-friendly states among Obama's 57 states (links everywhere).  

Enerplus WIl Be Reporting Some Very Next Wells In The Next Week Or So -- June 21, 2026

Locator: 51026ENERPLUS.

The wells:

• 41522, conf, Enerplus, MHA Thorn 4894 43-16 6B, Eagle Nest

Date	Oil Runs	MCF Sold
4-2026	30334	26647
3-2026	28608	23915
2-2026	17823	15582
1-2026	27750	20148
12-2025	3137	683

• 41516, conf, Enerplus, MHA Holly 4894 43-16 5B, Eagle Nest, 

Date	Oil Runs	MCF Sold
4-2026	44775	30306
3-2026	35895	28550
2-2026	35249	31208
1-2026	42912	30132
12-2025	3016	680

• 41515, conf, Enerplus, MHA Nettle 4894 43-16 4B, Eagle Nest, 

Date	Oil Runs	MCF Sold
4-2026	33828	30445
3-2026	37616	30348
2-2026	34876	30029
1-2026	41316	33549
12-2025	5159	4594

• 41514, conf, Enerplus, MHA Lilac 4894 43-16 3B, Eagle Nest, 

Date	Oil Runs	MCF Sold
4-2026	31566	29079
3-2026	32314	28372
2-2026	19955	19144
1-2026	29497	35683
12-2025	2735	6030

• 41513, conf, Enerplus, MHA Hibiscus 4894 43-16 2B, Eagle Nest, 

Date	Oil Runs	MCF Sold
4-2026	31966	32929
3-2026	28762	26874
2-2026	28692	26620
1-2026	24779	18638
12-2025	3072	701

 **********************************
Maps