Locator: 51973B.
Updates
Monday, 7:37 a.m. October 19, 2026:
Original Post
China: third quarter economic growth quickens to 4.5% as exports surge, beating estimates. Link here. Is this more important for the US stock market than all that "Fed" talk?
Black Monday, October 19, 1987, was the largest single-day percentage stock market crash in Wall Street history. How bad was the crash? I know exactly where I was that evening after the news came in. We were serving overseas, Bitburg Air Base, Germany, and in a time zone six hours ahead of central time / eastern time in the US.
It appeared a lot of folks this past Friday, at the close of the market, were comparing what was happening then (two days ago) with Black Monday, October 19th, 1987 -- almost exactly forty years ago to the day (actually 39 years) ... the good news --- futures ...
... will it hold?
US GDP could surge: AI rapidly improving, could vastly boost U.S. GDP, Anthropic’s Clark tells policymakers. Link here.
Investing: for many investors it seems the movers and shakers are simply moving money from one sector to another sector, back and forth, back and forth. For those paying attention, this is a huge opportunity.
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Back to the Bakken
WTI: $100.40. Briefly at $101.00 this morning (Monday, October 19, 2026).
New wells reporting:
- Monday, October 19, 2026: 48 for the month, 48 for the quarter, 547 for the year,
- 41472, conf, Enerplus, Crying Tree 147-97-8-5-5H,
- Sunday, October 18, 2026: 47 for the month, 47 for the quarter, 546 for the year,
- 42227, conf, Whiting, Paulson 5104 44-13 4B,
- 42139, conf, XTO, GBU Sophia Federal 44X- 10B-S,
- 41471, conf, Enerplus, Crying Tree 147-97-8-5-4H,
- Saturday, October 17, 2026: 44 for the month, 44 for the quarter, 543 for the year,
- 42138, conf, XTO, GBU Sophia Federal 44X-10E-S,
- 42137, conf, XTO, GBU Sophia Federal 44X-10A-S,
- 41921, conf, Hess, GO-Lemire-157-97-3613H-1,
- 41470, conf, Enerplus, Crying Tree 147-97-8-5-3H,
- 41160, conf, Silver Hill, Christine 158-93-9-4-20MBH,
- 35767, conf, Silver Hill, LTM 158-93-10-3-1MBH,
- 35766, conf, Silver Hill, Christine 158-93-9-4-4MBH,
RBN Energy: permitting reform bill aims to break the logjam for energy infrastructure projects. Link here.
Building any type of energy infrastructure can be a heavy lift, but getting permission to do it can take even longer. Years of environmental reviews, agency coordination and courtroom battles have delayed projects and driven up costs. Now, Congress is considering another permitting overhaul that could shorten reviews, curb legal uncertainty and give all kinds of energy-related projects a boost. In today’s RBN blog, we’ll look at the major themes of the permitting reform bill being considered by Congress, how it would change the National Environmental Policy Act (NEPA), and how it could make it easier to build or expand oil and gas pipelines.
The permitting process for major energy projects is a well-known problem that we’ve written about extensively over the years. The issue has slowed a number of oil- or gas-related projects, most famously the long-delayed Mountain Valley Pipeline (MVP), while also impacting the development process for everything from long-distance transmission lines and large-scale wind and solar projects to the production of metals and critical minerals essential for many energy projects. So, if it has taken a decade or more to get final approval for some projects, with MVP even requiring an act of Congress, it shouldn’t be a great surprise that reforms to the permitting process itself would be slow moving too.
