Locator: 51121B.
Trump Accounts: https://www.trumpaccounts.gov/.
Big Oil: anticipating windfall 2Q26 profits due to Hormuz situation. Link here. And here.
Reports, not confirmed:
- Mitch McConnell has been hospitalized for over three weeks;
- possibly braindead
- immediately after it happened, Mrs Mitchell immediately flew to China and met with their VP
- my hunch:probably won't keep Mitch from voting.
Rivian: guided Q2 revenue to - $1.6 billion
- expectations had been better (-$1.4 billion)
- shares plunged after hours
- also offering to sell 75 million shares to raise cash for a DOE loan
- however, guides revenue for 2Q26 - $1.6 billion vs $1.3 billion a year ago
- Rivian basically erased all of its gains from the day
BRK:
- BofA hits record high and BRK is a big winner
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Back to the Bakken
WTI: $68.66.
Active rigs: 23.
Six new permits, #43088 - #43093, inclusive:
- Operator: Heberdev Operating
- Field: Northeast Foothills
- Comments:
- Heberdev Operating has permits for six Little Bit wells, NENW 19-161-91,
- to be sited 459FNL and 1505 / 1715 FWL.
Three producing wells (DUCs) reported as completed:
- 41035, 585, BR, Phantom Ship 7C, McKenzie County;
- 42169, 385, Formentera Operations, FTH-22-34-BND S518HF, Burke County;
- 42357, 424, Formentera Operations, FTH-22-34-BND S511HF, Burke County;