Locator: 51808B.
Big Beef rumors today:
- US ranchers have a beef with President Trump and the president may be listening;
- rumor: President Trump may walk back earlier decision to import foreign beef to lower costs.
- has anyone seem beef prices at the supermarket decrease this year? I don't know. I don't eat much beef. I'm a sushi kind of guy.
Big Oil rumors today: US government could impose a 90-day pause in diesel exports;
- hard to find anyone in the US who would support this export ban, except perhaps truckers;
- I could be wrong, but I would think that in the big scheme of things, the "use" of diesel in the US (and the world, for that matter) is fairly inelastic. See this link. Link here: https://share.google/aimode/FGAnv03fwM3SUh430.
Big news today: education.
- Cornell University releases 238-page policy paper on higher education, with few actionable items;
- Phil Knight, billionaire founder of Nike, makes largest donation ever to a flagship university
- University of Oregon
- new engineering school at that university
- one billion dollars
Big news tomorrow:
- Chinese leader's first full day in Washington, DC; state visit
- arrives tonight with President Trump meeting him on the tarmac -- generally not done.
The US equity markets: down one-half to one and a half percent across all major indices.
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Back to the Bakken
WTI: $92.83. Up $2.31.
Active rigs: 31.
Four new oil and gas permits --
- 43329, SWD
- 43330, conf, CLR, Nielsen 2-24HSL, Wildrose, SESW 24-160-97, 500 FSL 1350 FWL
- 43331, conf, CLR, Nielsen 3-24H, Wildrose, SESW 24-160-97, 500 FSL 1382 FWL
- 43332, conf, CLR, Nielsen 4-24H, Wildrose, SESW 24-160-97, 500 FSL 1414 FWL
- 43333, conf, CLR, Nielsen 5-24H, Wildrose, SESW 24-160-97, 500 FSL 1446 FWL
- 43334, conf, Petro-Hunt, Kadrmas 143-98-10A SWD
A producing well (a DUC) reported as completed:
- 40057, 1,408, CLR, Brakken FIU 3-6H, McKenzie County; Catwalk oil field, no production data provided except as noted.
The Brakken FIU wells are tracked here.
