Locator: 513978MEDORA.
So, is the strait opened or closed? Let's ask Bill. Bill says, "it depends on the definition of open."
Sports: The NBA's Los Angeles Lakers were sold for $12.5 billion. The NFL (football) team with the highest value if it were to be sold: $15.5 billion.
Tech: IBM is bringing OpenAI deeper into its enterprise operations by embedding GPT-5.g, Codex, and ChatGPT. This partnership also makes IBM and OpenAI Elite Partner.
Misery index: ticks down to y/ +7.5% (CPI but unemployment).
July supercore inflation eased to 2.48% y/y and continued its sharp decline from the recent May peak but remains above pre-pandemic average. --- Liz Ann Sonders -- Schwab.
Prescription drug prices: dropped 0.8% m/m in July; prices are now falling at fastest pace on record, -3.1% y/y. --- Liz Ann Sonders -- Schwab.
NYC rents under the socialist mayor: Manhattan rents surged to the highest level on record in July; median rent now hitting $5,000, p 6.4% y/y. -- Boomberg.
DELL: just crossed $500, first time ever.
EVs: GM will restart its EV manufacturing plant in Ohio.
All those fires you see on NBC Nightly News --
Iran: likely to monetize its military -- for a fee, will send Iranian troops to help out Russia in the Ukrainian war. Just a hunch.
Tokens: you can howl at the wind, but AI is here to stay. This is since February of this year.
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Back to North Dakota Oil -- The Madison Formation
This Madison well was first drilled way back in 1966. In fact, it celebrated its 60th birthday this past June, whoo-hoo!
The well:
- 4079, 136, Scout Energy, Medora Heath-Madison Unit 19, Medora oil field, Madison formation, t6/66; cum 703K 6/26; it just came off line -
In 2023, the operators were issued a permit to re-enter the Madison:
How did that work out?
The well just went off line this past month.
