Locator: 51731B.
Natural gas, Evan: link here. I generally supply the link because the social media comments are important.
Energy: I bought "oil" decades ago for the "oil." I'm sticking around for the "natural gas."
WTI: mid-day -- $102.40. Amazing. Even at $102, shares of refiners and integrated oil companies are highly volatile on Wti moves of 50 cents in one direction or another. Bonds, Fed rate, gold. Highly volatile.
Another factor: Ukraine and Russia are working on an agreement to quit striking energy infrastructure. WTI remains over $101, but oil stocks (equity) are continuing to come down from their highs earlier this morning.
Crowdstrike: up 15% today.
Schwab: Very, very interesting. The best going with the best. Anthropic targets wealth management with new AI tools and Schwab partnership. Link here.
Schwab is up slightly today. Let's stick a pin in it and look at Schwab five years from now. See disclaimer.
Jonny Evans: this link might be helpful.
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Back to the Bakken
WTI: $102.70.
Active rigs: 32.
No new permits.
Four producing wells (DUCs) were reported as completed:
- 41603, 1,360, BR, Sivertson 6F, McKenzie,
- 41604, 905, BR, Sivertson 6G, McKenzie,
- 41613, 329, BR, Sivertson 6H, McKenzie,
- 42240, 2,739, CLR, Charleston 7-15H, Williams County; a monster well, see below.
Wow, look at this CLR Charleston well and this link:
- holy mackerel -- 42240, drl/A, CLR, Charleston 7-15H, Brooklyn, t6/26; cum 173K after < 2 months; note 85K in the first month; and 88K in the first full month;
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 7-2026 | 31 | 88179 | 87984 | 62121 | 184054 | 183367 | 268 |
| BAKKEN | 6-2026 | 28 | 84589 | 83850 | 70865 | 150390 | 112465 | 37547 |
