Locator: 51253B.
CENTCOM: no strikes tonight. Breaks a 13-day streak. Some suggest this is the calm before the storm. It's also the night of the White House Correspondents' Dinner which ties up the President and DOD Hegseth. Not a good night to do anything in this arena.
CENTCOM: no strikes but two US Navy destroyers have entered the Arabian Gulf to begin clearing mines.
Immigration crisis: it is interesting the number of folks that think I'm overly concerned about the immigration crisis instigated by Biden, if not earlier. Today, a headline: "Bombshell Memo Shows Biden Planned To Leave Trump With Even Bigger Immigration Crisis."
Social security: another interesting headline -- "New COLA formula could halve Social Security's 75-Year Shortfall Gap." Link here for the plan/proposal. Has been proposed before -- decades before.
META: has closed lower for the past seven (7) trading days in a row. After backlash, META pauses plan to "rate limit" its smart glasses. The two may or may not be related. I think the drop in daily value for META is more related to its 2027 CAPEX.
Coming: an AI app that will manage your portfolio according to your rules and guidelines. Target: surviving spouses with no investing experience.
Nvidia: working with SK Hynix on a $500 billion AI initiative
- plan includes a 2-GW AI data center, Nvidia Vera Rubin chips and SK Hynix HGM4 memory.
Google: CAPEX boosted forecast by $15 billion, now expecting to spend between $195 - 205 billion this year versus its prior forecast for $180 - 190 billion.
Yemen: the war has now expanded -- again -- Yemen.
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Back to the Bakken
WTI: $89.31.
Active rigs: 24.
Five new permits, #43150 - #43154, inclusive:
- Operator: Formentera Operations;
- Field: Black Slough
- #43150: Formentera Operations, Saint-14-35-PGN S610HX, NENW 14-162-93,
- to be sited 350 FNL and 1797 FWL, Black Slough,
- #43151: Formentera Operations, Saint-14-35-PGN S512H, NENW 14-162-93,
- to be sited 350 FNL and 1832 FWL, , Black Slough,
- #43152: Formentera Operations, Saint-14-35-PGN S614H, NENW 14-162-93,
- to be sited 350 FNL and 1867 FWL, Black Slough,
- #43153: Formentera Operations, Saint-14-35-PGN S516H, NENW 14-162-93,
- to be sited 350 FNL and 1902 FWL, Black Slough,
- #43154: Formentera Operations, Saint-14-35-PGN S618H, NENW 14-162-93,
- to be sited 350 FNL and 1937 FWL, Black Slough,
One producing well (a DUC) is reported as completed:
- 41878, 87 (sic), Petro-Hunt, State 159-92-36D-24-3H, Mountrail County;
