Wednesday, November 4, 2026

The Day After; WTI Plummeting -- Five New Permits -- November 4, 2026

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The Manchurian candidate: says he can work with Democrats. The "joy" across Texas is quite amazing. And quite palpable. Talarico: "not interested in turning the state blue. Interested in the economy." It almost seems "everyone" is relieved, enthusiastic, excited. 

Exhibit A: what did the market think?


Post-election
: I don't think the Republicans realize how badly they lost. The map suggests we may never again see a "Republican-led" Texas. Certainly not within my lifetime. If it was this bad in Texas, imagine how bad it was everywhere else for the GOP.


 

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Back to the Bakken 

WTI: the Democrats have already brought it back down to $88.12. Wow. Maybe had President Trump done this, it would not have been so bad for the GOP. 

Active rigs: 40. Wow, look at that. A recent record! 

Five new permits, #43451 - #43455, inclusive:
KODA Resources (4):
Spotted Hawk Development: