Thursday, June 18, 2026

Three New Permits -- June 18, 2026

Locator: 51005B.

Pageviews, 5:19 p.m. CT, June 18, 2026: 61,218,538. 

Investing: tech ... storage (e.g., Micron, now), but chips... coming ... CPUs -- circuits -- connectors ..

"You can howl at the wind, but AI is here to stay." 

We're still in the early days. Cost is not the #1 concern; the #1 concern remains the supply chain.  

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

WTI: $75.85.

Active rigs: 27.

Three new permits, #43048 - #43050, inclusive --

  • Operators: Formentera Operations (2); Enerplus;
  • Fields: Frazier (Divide County); Ellisville (Enerplus)
  • Comments:
    • Formentera has permits for two Matador wells, SESW 16-161-97; 
      • to be sited 546 FSL and 1550 / 160 FWL; 
    • Enerplus has a permit for a Helstad well, NWNW 28-158-99, 
      • to be sited 474 FNL and 353 FWL.

Eight permits canceled:

  • Formentera (8): four Jackson and four Piper permits, all in Burke County;

One producing well (a DUC) reported as completed:

  • 42029, 806, Kraken, Steen LW 12-13-24 10H, McKenzie County; 

*********************************

This is what Sophia, grandchild #3, age 11, is racing this summer.

She also raced the even better boat, the Laser -- but not in Japan as shown below, but on Grapevine Lake, north Texas, USA, where you don't need to wear a wet suit during the summer..