Locator: 50144WTI.
WTI: just spiked 5.61%; spiked $4.19 / bbl; now trading at $78.85.
Comes after the Strait of Hormuz grinds to a halt after Iran launches huge number of retaliatory strikes against Israel and US air bases in the region following US sinking of Iranian frigate. Azerbaijan also struck.
Locator: 50143B.
WTI: just spiked 5.61%; spiked $4.19 / bbl; now trading at $78.85.
Just when I thought it was going to be a boring day a reader sends me this!
A huge thanks to the reader who caught this. I missed it (at least a quick search of the blog I did not see it).
From October 12, 2011: fifteen years ago! Link here. All these wells are doing incredibly well in early production:
From January 17, 2026:
One producing well (a DUC) reported as completed:
Full production profile:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 1-2026 | 31 | 84585 | 84508 | 14612 | 88046 | 87211 | 775 |
| BAKKEN | 12-2025 | 30 | 41776 | 41788 | 22296 | 127325 | 126117 | 1130 |
| BAKKEN | 11-2025 | 30 | 35701 | 35723 | 21478 | 122026 | 120831 | 1117 |
| BAKKEN | 10-2025 | 30 | 53471 | 53432 | 31749 | 150123 | 146424 | 3579 |
| BAKKEN | 9-2025 | 22 | 23458 | 23536 | 17261 | 57624 | 56880 | 690 |
| BAKKEN | 8-2025 | 21 | 27853 | 27860 | 24377 | 75746 | 73928 | 1743 |
| BAKKEN | 7-2025 | 31 | 28652 | 28604 | 19704 | 75546 | 74570 | 869 |
| BAKKEN | 6-2025 | 29 | 25235 | 25161 | 14252 | 54080 | 52241 | 1779 |
| BAKKEN | 5-2025 | 30 | 26308 | 26344 | 14298 | 64679 | 63107 | 1514 |
| BAKKEN | 4-2025 | 27 | 24131 | 24064 | 13764 | 58451 | 56619 | 1779 |
| BAKKEN | 3-2025 | 14 | 11804 | 11972 | 7283 | 29958 | 27763 | 2166 |
| BAKKEN | 2-2025 | 27 | 45076 | 45090 | 20487 | 119452 | 101335 | 18034 |
| BAKKEN | 1-2025 | 24 | 47253 | 47037 | 9833 | 112279 | 105880 | 6347 |
| BAKKEN | 12-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 11-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 10-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 9-2024 | 0 | 0 | 0 | 0 | 266 | 0 | 266 |
Locator: 50142ENERPLUS.
I haven't watched a minute of Cramer (or CNBC, for that matter) since last week, once Operation EPIC Fury began. The news simply becomes too crazy. One exception: I did watch CNBC report on AVGO's earnings. Found the reporting fairly lackluster. CNBC even went to commercial break just as the numbers broke. I got the news first on the internet.
So, I'll probably turn CNBC on for ten minutes to see Cramer and then go from there.
***********************************
Cramer's First Ten Minutes
S&P 500 rallies: market is back to green for the year.
Individual mom-and-pop retail: buying on the dip -- big time.
Intergenerational wealth transfer.
First stock mentioned: AVGO -- "up big."
BRK: CEO says they're back to resuming buybacks and will do buybacks EVERY year.
Cramer: getting tired of BRK's "powder dry, powder dry, powder dry." Time for BRK to get rid of that strategy.
Yeah, it's time to go biking.
***********************************
What Comes Next?
March Madness can't come soon enough (March 17, 2026).
PGA: Arnold Palmer Invitational starts today.
Biking: I'll be biking by 8:30 a.m.
Investing? "Saving" cash to fund Roth IRAs for two older granddaughters.
Locator: 50142ENERPLUS.
I can't verify this but I'm being told by some readers that Enerplus 1099s are now being received.
Locator: 50141INVESTING.
Note: in a long note like this, there will be typographical and content errors. This blog is not meant for readers other than my extended family, but I post the blog without restrictions because this is the fastest way I can get information to my extended family members. This is not an investment site. See blog's disclaimer. Please feel free to fact check. Comments are heavily moderated.
BKR: resuming buybacks. Anything to get the price of BRK back up.
Micron (MU): on news of LPDRAMS
Broadcom (AVGO):
Shay, link here:
Copper, link here:
**********************************
Disclaimer
Briefly
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I am also inappropriately exuberant about all things Broadcom.
Locator: 50140B.
Operation EPIC Fury: a quick scan of news overnight suggests nothing new. The Kurd development yesterday will probably turn out to be an incredibly big story. Time to get familiar with the map of Iran:
Turkey: a minor story that could become a major story -- when and how will Turkey get involved?
Iran's mobile and menacing missile launchers: slowly, but slowly being removed from action, link here:
Amazing if accurate: no US civilian casualties reported?
*************************************
Back to the Bakken
WTI: $76.65. Up 2.7% overnight; up $2.00 overnight.
New wells reporting:
RBN Energy: US propane's wild journey from lab discovery to vital consumer fuel. Link here.
Today, U.S. propane is a $75 billion-a-year business involving a maze of natural gas processing plants and salt caverns connected to pipelines, fractionators, rail facilities, truck racks, retail tanks and export docks. But like many vital energy industries, the propane business began with a handful of scientists and entrepreneurs who experimented with something they didn’t really understand. Over decades of development, propane has powered Olympic kitchens, lifted hot-air balloons across the English Channel, and helped turn a quiet “mount” of southeastern Texas into the center of the global NGL universe. Along the way, propane attracted larger-than-life personalities and true “born to be wild” characters who pushed the business forward in unique ways. In today’s RBN blog, we’ll discuss the history of U.S. propane.
Locator: 50139MMF.
My favorite chart.
Money Market Fund Assets. It will be interesting to see how the Operation EPIC FURY affects MMF assets.
