Thursday, February 26, 2026

Two New Permits; Six Permits Renewed -- February 26, 2026

Locator: 50069B.  

Market: I didn't have much time for the market today -- starting with Cramer's first ten minutes and finishing the day with ten minutes of Cramer, but nothing really in between.

Everyone seemed to discombobulated with regard to Nvidia. Having a 30-year horizon certainly helps. Someday we're going to look back on "today" wonder why we let this opportunity slip by. I did see a headline this evening that mom-and-pop retail investors "set a record" of some sort buying Nvidia while the big institutions were selling. 
On another note, Cramer doesn't seem himself lately. Nothing obvious; something subtle. Definitely looks older; new glasses.

Netflix: the Trump family won again. Or so it appears. Semafor Business. Link here. Netflix investors applauded.

Cheniere (LNG): huge story -- Charles Kennedy, link here. This is simply amazing -- 

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Back to the Bakken

WTI: $65.25.

Active rigs: 26.

Two new permits:

  • 42734, conf, XTO, David Federal 21X-20D, NENW 20-148-96, Lost Bridge, Dunn County; to be sited 662 FNL and 1500 FWL;
  • 42735, conf, XTO, David Federal 21X-20C, NENW 20-148-96, Lost Bridge, Dunn County; to be sited 681 FNL and 1523 FWL.

Six permits renewed:

  • Hess (5): five SC-JW Hamilton permits, Long Creek, Williams County;
  • Petroshale: #41654, Helen 1TFH, Eagle Nest, Dunn County;