Locator: 50930B.
Reposting:
EOR: Alex Kimani over at Oilprice, link here. North Dakota chases a second Bakken boom thorugh enhanced recovery.
I don't recall asking AI this question but I sent the blog's URL to Google Gemini for another reason and among other comments on the blog, Google Gemini provided this -- the chatbot appears to be commenting on the blog's disclaimer:
Locator: 50929TECH.
"You can howl at the wind, but AI is here to stay."
Interesting developments over at x: Trump wants in. Link here.
Connecting the dots: link here over at CNBC. Link here to Bull Theory on x.
Connecting the dots: the human relationship. Trump, Ellison, Musk.
The blog: link here. Stargate -- only the biggest AI play in the country.
Re-posting below the asterisks.
One can worry that Oracle is getting over-extended.
Stargate. This is where I track Stargate.
Anthropic ready to IPO this week (week of June 8, 2026).
*****************************************
Re-Posting
See Barron's update on Stargate: OpenAI, Oracle, and SoftBank.
See the graphic at this post. Knowing most folks won't click on the link, here's the drawing:
Now the explanation:
OpenAI's compute infrastructure follows a multi-pronged approach, drawing on multiple partners and strategies to power its vast training and inference workloads. Instead of relying solely on a single cloud provider, the company strategically builds and accesses large-scale GPU clusters to handle the immense computational demands of its frontier AI models.2. Strategic cloud and hardware partnerships:
While Stargate focuses on long-term expansion, OpenAI also relies on strategic partnerships to secure the hardware and cloud resources needed for its day-to-day operations.
3. Internal software and infrastructure orchestration:
Underpinning all this hardware is a sophisticated software stack developed by OpenAI to manage and optimize its compute resources.
K8s:
**************************
More
Kubernetes
Kubernetes, often abbreviated as K8s, is an open-source platform for automating the deployment, scaling, and management of containerized applications. It acts as a container orchestrator, enabling organizations to run applications consistently across different environments by abstracting the underlying infrastructure. Key features include declarative configuration, automated rollouts and rollbacks, self-healing capabilities, and service discovery, making it a powerful tool for modern DevOps and cloud-native development.
In plain English:
Kubernetes (often called K8s) is a free, open-source system that helps you run and manage apps that are packaged into containers (small, self-contained units of software).
It takes care of automatically starting, stopping, and adjusting how many copies of your app are running, so everything stays reliable and balanced. It also hides the messy details of the servers underneath, so your apps can run the same way no matter where they’re hosted — on your laptop, in your company’s data center, or in the cloud.
Some of the useful things it can do include:In short, Kubernetes is a tool that helps developers and IT teams easily run large, complex applications without constantly managing servers by hand.
- setting up and updating apps automatically
- undoing updates if something goes wrong
- restarting apps that crash
- letting apps easily find and talk to each other
*********************************
Three Super IPOs Being Watched
**********************************
Disclaimer
Brief
Reminder
Briefly:
Locator: 50928B.
This is what the map looks like.
At the height of the boom, upwards of 200 rigs were active in the state. Now? Barely gets to 30 on any given day.
These are all well sites / permits for wells yet to be drilled / completed. Most of these are Hess permits; a couple of older Murex permits. Northeast of Williston, just on the north side of US Highway 2.
I may talk about them later.
Locator: 50927AVGO.
These seem to be incredible numbers.
Margins (errors possible):
Locator: 50923TEXAS.
Re-postig.
Relocations are tracked here. And here. And here.
This is a huge story. Huge.
I may re-post this story later.
Huge story sent to me by a reader. Sorry for the late posting.
Samsung Electronics America is relocating its headquarters to Texas from New Jersey just eight months after moving into its new Garden State facility with much fanfare, reigniting criticism that the area's high corporate taxes and red tape are driving away businesses.
South Korean Samsung, the consumer electronics giant, confirmed that it was exiting 700 Sylvan Ave. in Englewood Cliffs, New Jersey, where it leases roughly 270,000 square feet, according to CoStar data. The U.S. headquarters will move to Samsung's existing campus in Plano, Texas, "building on our 30-year presence in the state."
Samsung is "undergoing a business transformation designed to better position our organization for long-term growth and future success," the company said, adding that "as part of this strategy, we will be optimizing parts of the organization to ensure our roles and functions align to key business priorities."
Samsung's plan adds to the Lone Star State's bona fides as a mecca for companies seeking low corporate taxes and a business-friendly environment. The list of firms that have migrated to Texas is long, with the most notable example being Elon Musk's decision to move Tesla's headquarters from California to Austin, Texas. Earlier this year, Texas was once again recognized as a top destination for corporate facility investments.
Garden State business advocates and Republican lawmakers immediately blamed New Jersey's policies and high corporate taxes again for fueling an exodus of companies from the state, with Samsung as the latest example. Democratic Gov. Mikie Sherrill's new state budget had some provisions that opponents considered anti-business, such as no longer allowing companies to write off unlimited pandemic-era losses.
Much more at the link.
Locator: 50927TEXAS.
Except state income taxes: there is no state income tax in Texas.
I honestly do not know to what extent all of the following is true / accurate. Please feel free to fact check.
Without question, the growth in this country -- that would be the USA -- is focused in Texas right now.
To follow the growth, this is a great link: CoStar. I don't subscribe (yet) so I often can't get the full story, but the headlines are enough. AI will do the rest.
Specifically today, this news story caught my attention, link here.
Subscription required for full story at the link:
From AI:
The economic - growth -- geopolitical center of the DFW area, right now, is north and to some extend east of Dallas, particularly Plano, McKinney, Frisco.
However, Texas DOT forecasts that the area immediately north of Ft Worth will be the the economic - growth -- geopolitical center of the DFW area by 2050. Highlights:
Alliance Airport (AFW):
Are the Amazon fulfillment centers in north Texas, specifically DFW, the largest such Amazon centers in the US?
Which state has the most miles of interstate highway?
Which state has the largest number of intermodal rail lines?
HEB: the only state that has HEB grocery stores is Texas. HEB does have some grocery stores in northeastern Mexico. How does HEB grocery compare with national grocery stores?
Golden triangle:
Denton is the home of the University of North Taxas. Meatloaf is a UNT alumnus. He also starred in The Rocky Horror Picture Show, set in Denton, TX, 1975, 50 years ago.
City? Euless -- home of the newest HEB in Texas. Opened May 20, 2026.
Locator: 50926RMDS.
Item for the family. Not intended for general readership.
One wonders to what extent "IRS quarterly taxes are due" (June 15, 2026) had to do with the the huge sell-off.
Probably nothing.
But I sold my first tranche of RMDs required this year earlier in May -- well before the sell-off. But I won't be seeing a penny of these RMDs -- 100% of it -- all of it -- will be going to to the IRS plus my entire cash position in my bank checking account. I keep very little in cash. But the portfolio RMDs is sizeable.
Locator: 50925APPLE.
From Jonny Evans.
I don't recommend this article for anyone but die-hard Apple enthusiasts.
It is really getting into the weeds. We'll know much more by the end of the summer.
Locator: 50924NATO.
This is a very, very big story but won't get much press for a variety of reasons.
It only caught my attention because we were stationed at Incirlike Air Base for two years, back in 1993 - 1994, or thereabouts. I truly forget the dates. I will have to look that up in my journals.
Regardless, it's a big story.
My hunch: the project is being "fully" funded by the US to ensure adequate jet fuel for Incirlik Air Base. I doubt Turkey is spending much of its own money on this project. Turkey is an incredible negotiator.
Locator: 50923TEXAS.
Relocations are tracked here. And here. And here.
This is a huge story. Huge. I may post this story again.
I may re-post this story later.
Huge story sent to me by a reader. Sorry for the late posting.
Samsung Electronics America is relocating its headquarters to Texas from New Jersey just eight months after moving into its new Garden State facility with much fanfare, reigniting criticism that the area's high corporate taxes and red tape are driving away businesses.
South Korean Samsung, the consumer electronics giant, confirmed that it was exiting 700 Sylvan Ave. in Englewood Cliffs, New Jersey, where it leases roughly 270,000 square feet, according to CoStar data. The U.S. headquarters will move to Samsung's existing campus in Plano, Texas, "building on our 30-year presence in the state."
Samsung is "undergoing a business transformation designed to better position our organization for long-term growth and future success," the company said, adding that "as part of this strategy, we will be optimizing parts of the organization to ensure our roles and functions align to key business priorities."
Samsung's plan adds to the Lone Star State's bona fides as a mecca for companies seeking low corporate taxes and a business-friendly environment. The list of firms that have migrated to Texas is long, with the most notable example being Elon Musk's decision to move Tesla's headquarters from California to Austin, Texas. Earlier this year, Texas was once again recognized as a top destination for corporate facility investments.
Garden State business advocates and Republican lawmakers immediately blamed New Jersey's policies and high corporate taxes again for fueling an exodus of companies from the state, with Samsung as the latest example. Democratic Gov. Mikie Sherrill's new state budget had some provisions that opponents considered anti-business, such as no longer allowing companies to write off unlimited pandemic-era losses.
Much more at the link.
Locator: 50922DDAY.
Eighty-two (82) years ago. Hard to believe.
According to Google Gemini, there are still about 45,000 Americans still alive who participated in WWII. Of those 45,000 living WWII American veterans, a very few participated in the D-Day invasion. The estimates range from a few dozen (36) to a few hundred (360) veterans still alive -- Americans who participated in the D-Day invasion.
AI data would have almost precisely the exact number if Elon Musk would have been allowed to tie all government computerized data together. But that won't happen any time soon, if ever: the US Congress is afraid to let Americans know what Elon Musk might discover.
Locator: 50921B.
Alison's quick connects for June 5, 2026:
Locator: 50920B.
This was from Friday's end-of-day report, June 5, 2026. Due to a situation beyond my control -- the urge to do too much swimming and not pay attention to the blog -- I was delayed in posting. Sorry.
WTI: $90.54 (the price of WTI -- or at least the "trending" price no longer makes sense -- this has been true for some time)
Active rigs: 28.
Four new permits, #43005 - #43008, inclusive:
Four permits renewed:
One permit canceled:
Locator: 50919MILEAGE.
Personal mileage.
