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Wednesday, July 8, 2026

End-Of-Day Report -- July 8, 2026

Locator: 51134B.

Mideast; Trump -- "the ceasefire is over." Yesterday CENTCOM hit 80 targets against IRGC and Iran; today, CENTCOM to hit 100 targets. Both sides said it can get much worse.

Markets: "a red day" for the US markets. Interestingly, the Chinese market was green and looked pretty good. The US Dow Jones was down almost 600 points; S&P down 21 points (way off its lows); and, NASDAQ, up 50 points; NASDAQ-100, up 80 points. Kharg Island in play.

Costco: June sales -- up almost 11% y/y.  

Apple (AAPL): making huge moves with Broadcom (AVGO), and, of course, Qualcomm. 

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Back to the Bakken 

WTI: $74.89; up 6.32%; up $4.45. It's been awhile since I've seen a 6% jump in WTI. 

Active rigs: 26.

Four new permits, #43095 - #43098, inclusive -- 

  • Operator: Hunt Oil
  • Field: Parshall oil field, Mountrail County;
  • Comments:
    • Hunt has three McAlmond permits and one Oakland permit, lots 3 and 4, section 5-154-89, 
      • to be sited 319 FNL and 1293 / 1383 FWL.

Seven permits renewed:

  • Enerplus (4): Ridley (Antelope, McKenzie); Spoiler (Moccasin Creek, Dunn); Spoiler (South Fork, Dunn); and, Fort Berthold (Eagle Nest, Dunn);
  • XTO (3): Prairie Federal (3); (Haystack Butte, McKenzie);

Two permits canceled:

  • Enerplus: Loggerhead, McKenzie County;
  • KODA Resources: Ale, Divide County.