Locator: 51361TEXASTECH.
Tag: Amazon hyperscalers Tesla SpaceX
Amazon LCD in west Texas:
100 million square feet? Walmart Supercenters run about 200,000 square feet. So, five such Supercenters would total about one million square feet. Now, multiply that by 100 = 500 Walmart Supercenters -- the size of the footprint?
Read social commentary at this post.
How others see it:
Locator: 51360ARCHIVES.
Pageviews: the number of pageviews hit 81 million since inception -- was reached today, early afternoon, approximately 1:05 p.m CT.
Strait of Hormuz: won't re-open until US agrees to Iran's demands. My hunch: the Iranian spokesman (a top Iranian national security official) was talking to his base. The New York Times just calls them conditions, implying (?) that Iran had won the war. One wonders if the US has Iran right where they want them. Link here. Better, here. Paraphrasing / my words:
Bessent: lost a lot of credibility this week when he suggested that the strait would likely be opened by Wednesday at the latest.
BRK: all things being equal, BRK-B should surge Monday.
Having said, it's now how much BRK "made" this past quarter; rather, it's how much BRK-B could have made, if a) they had not sold any AAPL shares; b) if they had bought into the AI revolution several years ago; c) if Geico had improved (GEICO reported a 45% decline in pre-tax underwriting profit down to approximately $1 billion -- although at $1 billion, Geico is but a rounding error for BRKA/B).
Texas: tech activity. See this post. Projects like this allow President Trump to take of global concerns.
Economy: analysts and experts are greatly under-estimating the economy and the strength of the consumer.
So far this year:
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Movie Today
Christopher Nolan's 2014 Interstellar.
Christopher Nolan, link here.
Locator: 51359B.
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 23142 | 29863 |
| 5-2026 | 16330 | 19767 |
| 4-2026 | 27238 | 37811 |
| 3-2026 | 38223 | 45621 |
| 2-2026 | 7881 | 7375 |
| ate | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 17770 | 14544 |
| 5-2026 | 20922 | 17401 |
| 4-2026 | 21166 | 13391 |
| 3-2026 | 18775 | 14511 |
| 2-2026 | 3721 | 2821 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 13629 | 11476 |
| 5-2026 | 17926 | 14870 |
| 4-2026 | 19153 | 12499 |
| 3-2026 | 18406 | 14122 |
| 2-2026 | 4551 | 3370 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 7730 | 4196 |
| 5-2026 | 6172 | 3137 |
| 4-2026 | 6875 | 3774 |
| 3-2026 | 10747 | 5543 |
| 2-2026 | 4318 | 2721 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 8020 | 4502 |
| 5-2026 | 6863 | 3907 |
| 4-2026 | 8770 | 5111 |
| 3-2026 | 14047 | 8339 |
| 2-2026 | 6276 | 4967 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 17233 | 15777 |
| 5-2026 | 21755 | 17621 |
| 4-2026 | 22894 | 14485 |
| 3-2026 | 21029 | 15960 |
| 2-2026 | 6133 | 4826 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 14265 | 10614 |
| 5-2026 | 16581 | 8161 |
| 4-2026 | 17495 | 12516 |
| 3-2026 | 13408 | 9973 |
| 2-2026 | 3428 | 3193 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 18921 | 15966 |
| 5-2026 | 22429 | 19126 |
| 4-2026 | 18684 | 16092 |
| 3-2026 | 12703 | 9234 |
| 2-2026 | 14698 | 9941 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 16979 | 15970 |
| 5-2026 | 21644 | 17521 |
| 4-2026 | 22601 | 14033 |
| 3-2026 | 21336 | 16635 |
| 2-2026 | 11751 | 8979 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 37004 | 72167 |
| 5-2026 | 42473 | 74947 |
| 4-2026 | 41973 | 59393 |
| 3-2026 | 30845 | 46412 |
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 6-2026 | 13693 | 11471 |
| 5-2026 | 12655 | 10451 |
| 4-2026 | 6024 | 4291 |
| 3-2026 | 20916 | 18143 |
Locator: 51359B.
Friday, August 21, 2026: 42 for the month, 83 for the quarter, 427 for the year,
41991, conf, Hess, EN-Edwards-157-94-2203H-1,
41358, conf, Whiting, Gulliskson Federal 5203 42-31 5BX,
41129, conf, Whiting, Gullikson 5203 42-31 4B,
Thursday, August 20, 2026: 39 for the month, 80 for the quarter, 424 for the year,
42209, conf, Murfin Drilling, CD Steffan 1-17H,
42208, conf, Murfin Drilling, CD Steffan 1-18H,
41357, conf, Whiting, Gullikson Federal 5203 42-31 3B
41158, conf, Whiting, Dobias 5203 44-32 2B,
Wednesday, August 19, 2026: 35 for the month, 76 for the quarter, 420 for the year,
None.
Tuesday, August 18, 2026: 35 for the month, 76 for the quarter, 420 for the year,
41973, conf, Devon, Thunderbolt 10-12 4H,
Monday, August 17, 2026: 34 for the month, 75 for the quarter, 419 for the year,
42142, conf, Slawson, Shad Rap Federal 6-2-3H,
Sunday, August 16, 2026: 33 for the month, 74 for the quarter, 418 for the year,
42141, conf, Slawson, Shad Rap Federal 5-2 3H,
41356, conf, Whiting, Gullikson Federal 5203 42-31 2B,
41134, conf, Zavanna, Rennerfeldt 13-31 6H XE,
21005, conf, Devon, Borsheim Trust 33-28 1H,
Saturday, August 15, 2026: 29 for the month, 70 for the quarter, 414 for the year,
42140, conf, Slawson, Shad Rap Federal 2-2-3H,
Friday, August 14, 2026: 28 for the month, 69 for the quarter, 413 for the year,
None.
Thursday, August 13, 2026: 28 for the month, 69 for the quarter, 413 for the year,
42166, conf, Slawson, Shad Rap Federal 4-2-3H,
Wednesday, August 12, 2026: 27 for the month, 68 for the quarter, 412 for the year,
42167, conf, Slawson, Shad Rap Federal 3-2-3H,
Locator: 51357B.
Quick connects:
Locator: 51356B.
SCCO: "a last trade" on "Fast Money," tonight on CNBC. SCCO is still well below it's all-time high.
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Back to the Bakken
WTI: $78.18; trending higher.
Active rigs: 28.
Eight new permits, #43189 - #43196, inclusive --
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Disclaimer
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
Locator: 51355KRAKEN.
This is really, really, really cool.
See this note for the background.
That note takes a look at the recently completed Kraken Sarah wells in Richland County, about six miles from the North Dakota state line straight west of Watford City.
The wells of interest:
A reader noted something strange.
The reader is receiving royalties from four Sarah wells, but not from the Dolores well on the same pad, and not even the singleton Sarah pad in the same section.
So, what's going on?
I was perplexed at first because I did not have access to the deeds nor the production and file data from Kraken regarding all these wells.
This appears to be the reason.
When you look at the graphics below, look at the names of the wells and where the horizontals are located.
To cut to the chase, the explanation is this: the reader's royalty/mineral rights must be in section 17.
So, I went back to the reader and asked the question. It was confirmed: the reader has mineral/royalty rights only in section 17. Isn't that amazing? No minerals rights in sections 4/5/8/9/16.
Dolores cuts through section 17 but such a small length, but even more, it suggests the well's spacing unit was made of sections 4/9/16 -- section 17 was not mentioned.
So, that question was answered, but even more amazing -- based on the legal name of the Delores 4-9-16 12H, it is amazing how little the horizontal was in that spacing unit. Just a bit into section 16. Amazing how horizontal wells made so many millionaires!
The graphics:
Locator: 51354FORDEV.
Ford EV: this will generate a lot of headlines but it cannot possible generate a lot of profit. Selling an EV for less than $30K.
Hunch: the total "drive-off-the-lot" cost will be closer to $40K than $30K.
Bookmark this for January, 2028.
Updates
CNBC: has lost its credibility (again). Stressing a "bad" jobs report. In fact, it was an incredible jobs report for investors.
The U.S. unemployment rate edged down to 4.1% in July, according to data released by the Bureau of Labor Statistics. Despite the slight drop from June's 4.2%, the economy unexpectedly lost 23,000 jobs (unwinding all the FIFA World Soccer Cup jobs). And labor force participation: prime-age labor force participation for workers aged 25 to 54 stands at 83.3% as of June 2026. Twenty-five to fifty-four years old?
I'm having trouble seeing how this is a dismal jobs report.
This is how the market reacted to the "jobs report":
Original Post
Two stories here, sorry.
Hunch:
