Locator: 50867B.
WTI: oil is dead money now that the strait is opened. Oh, never mind.
Heat: UK, EU, and India.
Ukraine: as bad as ever, no end in sight.
Mideast: back to square one.
Canada: lots of talk.
Rare earth metals, magnets: US company scores huge contract with Greenland.
Ferrari: the Pope weighs in on the $640,000 Luce. Ferrari's first five-seater -- great for a man with a family.
- "Let me tell you about the very rich. They are different from you and me." F. Scott Fitzgerald.
- "Yes, they have money." Ernest Hemingway.
Speaking of the pope: some suggest there's evidence that the pope used AI to help write his encyclical to "disarm" AI.
Spelling: it is true that chatbots are generally wrong when it comes to "counting" letters in words. It has to do with how the query is made, and the way chatbots work. If you're using chatbots to count letters in a word, you're ......
NPR: the numbers have never made sense. Link here. Federal subsidies accounted for 1% of NPR's budget? One percent and all this angst? They have had to let go 4% of their content staff?
CIA: exactly how did this guy get a super-secret security clearance? Link here. Hegseth is the least of our problems.
**********************************
Back to the Bakken
WTI: $90.58. Later: $91.15. Moving up sharply but will probably close around $91. Hope springs eternal.
New wells reporting:
- Friday, May 29, 2026: 55 for the month, 155 for the quarter, 312 for the year,
- Thursday, May 28, 2026: 55 for the month, 155 for the quarter, 312 for the year,
- 41859, conf, Devon Energy, Finn 13-25F 1H,
- 41031, conf, Hess, BW-Wilson-149-99-3625H-2,
RBN Energy: RBN Energy now part of Novi Labs. Link here.
Launch
a company built around energy market fundamentals and rock & roll
song titles. Make the analysis practical and commercially useful. Keep
the quality high. Then … give it away for free. Not exactly a textbook
business plan. But that's more or less how RBN Energy got started nearly
15 years ago — and it's worked out pretty well. Today we turn the page
on a new chapter of the saga. Novi Labs has acquired RBN Energy. We are
very excited about this combination. Today's RBN blog is all about the
logic of this deal and what it means for our customers.
Back
in 2012 when we started RBN Energy, the goal was simple: provide
practical energy market intelligence that helps energy professionals
navigate increasingly complex market conditions. Our mission has been to
make sense out of opaque and rapidly changing energy markets to help
our clients develop a deep understanding — and to do it in style.
Over
time, that work expanded across commodities: natural gas, NGLs, crude
oil, refined products, and throughout the value chain — from the
wellhead to gathering and processing, through storage, long-haul
pipelines, refineries, end-use markets, and sometimes all the way to the
export dock. As our coverage evolved, customers increasingly relied on
RBN to connect the dots between commodity fundamentals, infrastructure
constraints, and pricing dynamics across North American energy markets.
Today’s
announcement is about taking that mission to the next level, by hooking
up with Novi Labs. Founded in 2015, Novi is best known for its upstream
oil & gas data and analytics platform, helping operators, analysts
and investors make faster, higher-confidence decisions. The company was
built on a simple premise: The industry was making billion-dollar
capital decisions on incomplete, error-prone public data and legacy
workflows. Novi changed that. Today, the company powers the full
data-to-decision workflow across budget and planning, development
optimization, and acquisition and divestiture. They do it through a
suite of integrated products spanning data, forecasting, analytics, and
AI, giving customers the ability to evaluate individual wells across
multiple scenarios, validate production claims, and identify acquisition
opportunities before competitors do.
