Tuesday, June 23, 2026

Huge -- Finally Some Adulting -- "Due Process" -- Fraudulent Interpretation -- June 23, 2026

Locator: 51043ARCHIVES.

One last cry. Link hereMADE WITH AI.  Lana Del Rey did not sing this song! This is so interesting, so remarkable on so many levels. I shared it with my wife: she heard the opening lines and said she hate it. So, there's that. I love it. 

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Deportations

Geiger Capital will applaud this.

Link here.

Zach Montague, June 23, 2026.

From the linked article: 

In a 2-to-1 vote, a federal appeals court panel ruled that the president can expand the procedure, previously used primarily near the border, to arrests nationally.

A federal appeals court on Tuesday allowed the Trump administration to resume using a fast-track deportation process throughout the country that is typically reserved for people apprehended shortly after crossing the southern border.

The decision revived a pillar of President Trump’s mass deportation plans, after a lower court ruled last August that attempts to use the procedure to potentially remove millions of people without immigration hearings most likely violated their due process rights and risked wrongful detentions.

In a 2-to-1 vote, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit found that it did not violate immigrants’ rights to to expand a process to the outer limits of what is allowed under the law. Judge Justin R. Walker, a Trump appointee, wrote the majority opinion, joined by Judge Neomi Rao, also a Trump appointee. Judge Robert L. Wilkins, an Obama appointee, wrote in a dissent that he would have let the lower court’s ruling stand.

Writing for the majority, Judge Walker wrote that Congress had delegated to the executive branch decisions about which migrants to designate for expedited deportations. He included a short history of how different administrations had expanded and reduced expedited removal.

Some Things Simply Work And That's All There Is To It -- June 23, 2026

Locator: 51042ARCHIVES.

A musical interlude: Imelda May, "Tainted Love." Link here.

Movies:

  • Casablanca
  • Chinatown

Television:

  • Leverage with Timothy Hutton (Nathan Ford)

YouTube Music

  • "Blondie"

Technology:  

  • Apple -- the entire eco-system
  • chatbots 

US government:

  • Department of Defense (Department of War) 
  • USAF - USN - USA - USMC 

Fast food

  • McDonald's 

Retail:

  • Walmart
  • service stations 

e-Retail:

  • Amazon Prime

Streaming

  • Spectrum --Philips smart TV -- Hulu  

Toys

  • Lego

Cars

  • Honda 

US State

  • Texas 

Investing

  • Schwab  
  • Roth IRA 

Taxes

  • my tax accountant  

Highways

  • US interstate system 

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Two New Permits; Eleven Permits Renewed

Locator: 51041B.

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Back to the Bakken 

WTI: $73.21.

Active rigs: 28.

Two new permits, #43060 and #43061 --

  • Operator: Formentera Operations;
  • Field: Baukol Noonan, Divide County
  • Comments: 
    • Formentera has permits for two Laguna Vista, SESE 13-162-96; 
      • to be sited 608 FSL and 419 / 535 FEL.

Eleven permits renewed:

  • BR (7): seven Sequoiafill permits, Hawkeye oil field, McKenzie County;
  • Lime Rock Resources (4):  three Jore Fed permits, and one Sten Rav permit; all in Sten Fork, McKenzie County.

US Economy Doing Just Fine -- Olivia's First USAF Jet Flight -- The "White Rocket" -- June 23, 2026

Locator: 51040ECONOMY.

Northrop's T-38 Talon. YouTube. The T-38 is the jet that the US astronauts have at their disposal for training and transportation. 

See also this link

June 12, 2026:

Grandchild #2 -- jet fighter flight today. Some weeks ago, Olivia, shaved her head to the scalp. Think Demi Moore. LOL. 

I see she is letting her hair grow out. T-38 jet / F-5. She's at the USAF test flight base, Edwards Air Force Base. She arrived at Edwards AFB the day the B-52 crashed, killing eight members on board. She was scheduled to take this flight on June 15, 2026. Because the runway was closed after the B-52 crash, her training took her back into the simulator. 

Her jet fighter instructor start out in life as a helicopter pilot. What an incredible model.

I flew many, many flights / sorties in the F-15D practicing air combat maneuvers, the F-5 fighters from  RAF Alconbury, England. So, "it has" come full circle.

Olivia.

 

Olivia (no sunglasses) and SeaDub (with sunglasses) 

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Other News


Apple (AAPL)
: the Apple -- Intel announcement comes at exactly the right time. Link here.

Amazon Prime Day (days / week): starts today, ends Friday. 

There was a recent article comparing Target's subscription program with Amazon Prime. In my mind, there's no question, and we live next door to a Target. In addition to everything else, we get a lot of exclusive NASCAR races on Amazon Prime Television (streaming). I don't think Target has a streaming network; could be wrong. Target definitely doesn't the SKU volume that Prime has.

Manufacturing PMI: does one need to go back to 2022, right after Covid, to see these numbers? 

World's Largest AI Supercomputer Has Come On Line -- MSFT -- Wisconsin -- June 23, 2026

Locator: 51039COMPUTER.

I track supercomputers here. Up until now, this website was for "traditional supercomputers." I guess we start adding "AI supercomputers" now. 

Right on the lake. North of Chicago, south of Milwaukee and southeast of Madison. 


  

Least Expensive Gasoline Goes Below $3.00 In North Texas -- DFW Area -- June 23, 2026

 Locator: 51038GASOLINE.


 My 2012 Honda Civic
. Bought in 2011. Driving more this week to take Sophia to sailing camp.

MMFs -- Weekly Report -- Just Shy Of $8 Trillion -- June 23, 2026

Locator: 51037MMFS.

Tag: my favorite chart MMF MMFs 

My favorite chart

ICI MMFs: link here.  

MMFs report from last week. I believe this is a new record; trending toward $8 trillion.

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Yen 

Wow, Yen:$ 162:1 

Much of my lifetime, "we" saw yen at 100 to the dollar. 

Tuesday, June 23, 2026

Locator: 51036B.

Micron Technology (MU): will report its fiscal third-quarter results for 2026 on Wednesday, June 24, after the market closes. Management has provided preliminary guidance of record revenue around $33.5 billion and adjusted earnings of $19.15 per share, with the company's high-bandwidth memory (HBM) supply for the year completely sold out. 

Micron Technology (MU): BofA raises MU price target to $1,500 vs $950.  Wow, from $950 to. $1,500 is not trivial.

IBM bucks today's trend: up 4.4% pre-market; much of rest of tech falls significantly. 

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Back to the Bakken

WTI: $73.51. Lowest level in past three months. Best gasoline price in local area (north Texas, DFW, $3.04 at local Walmart).

New wells reporting:

  • Wednesday, June 24, 2026: 28 for the month, 184 for the quarter, 341 for the year,
    • 41607, conf, Hess, BL-Mortenson-156-95-2234H-5, 
  • Tuesday, June 23, 2026: 27 for the month, 183 for the quarter, 340 for the year,
    • 41682, conf, Devon Energy, Johnson 27-34 8H, 

RBN Energy: plans to move more Marcellus / Utica gas to the midwest, mid-south, and deep south. Link here. Archived.

Midwestern states like Ohio, Indiana, Illinois and Michigan are important markets for natural gas producers in the Marcellus/Utica, as are states in the Mid-South like Kentucky and Tennessee and states in the Deep South. But expanding gas sales in those markets will require a lot more pipeline capacity, and that’s exactly what’s in the works. In today’s RBN blog, we continue our look at the pipeline projects being planned to move more Appalachia-sourced gas within — and out of — the U.S.’s largest gas production region.

This is Part 5 of our blog series on gas market dynamics in the Northeast. In Part 1, we said the Appalachia market has been quietly evolving in ways that will not only shift flow patterns within the region but also affect flows to the Southeast, Midwest and Gulf Coast. Part 2 focused on gas demand within the Northeast, which is getting a big boost from the power-generation sector as coal retirements continue and data center development proliferates. In Part 3, we started a review of the pipeline projects planned to enable more gas to flow through and out of the Marcellus/Utica, focusing on projects in New England and New York. Part 4 continued that review with a look at projects within Pennsylvania; regionwide enhancements like TC Energy’s Appalachian Supply Project; and projects involving or tied to either the Mountain Valley Pipeline or Williams’s Transco system.

Today, we wrap up the pipeline projects part of our series with an analysis of (1) projects that will provide expanded capacity to eastern Ohio and beyond and (2) projects that are more distant but still related to the Marcellus/Utica.

Expanded capacity to Ohio and beyond

There already are several major pipelines that transport Appalachian gas west. These include the bidirectional, Tallgrass Energy-operated Rockies Express (REX), which can move up to 2.6 Bcf/d westward; Enbridge’s sprawling Texas Eastern Transmission Co. (TETCO), and TC Energy’s ANR Pipeline system. (The ANR system is being expanded to support new data centers and related power projects in the Upper Midwest — more on that later) and two big greenfield pipelines that started up in 2018: Energy Transfer and Ares Management’s 3.425-Bcf/d Rover Pipeline and Enbridge’s 1.4-Bcf/d NEXUS Pipeline.

As massive as these pipelines may be, rising gas demand means that still more westbound capacity into, through and out of Ohio will be needed over the next few years. Among the largest development efforts is Boardwalk Pipelines’ two-part Borealis Pipeline Project, which will enable an incremental 2 Bcf/d to be transported west across Ohio and an incremental 1.75 Bcf/d to move into southeastern Indiana and northern and western Kentucky. (Boardwalk is a subsidiary of Loews Corp.)

Figure 1. Boardwalk’s Two-Part Borealis Pipeline Project. Source: Novi Labs

BR's Incredible Extended Long Reach Laterals, Tilton Wells, Lone Butte Oil Field, North Of The Killdeer Mountains -- June 23, 2026

Locator: 51035TILTON. 

The BR Tilton wells in Lone Butte oil field, just north of the Killdeer Mountains. These wells are extended-long laterals, three miles long (three sections). 

The wells:

  • 41261, drl/ABR, Tilton Diamond Forest 2A ULW-R, Lone Butte, cum 153K in less than five months:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202631202462024614543000
BAKKEN4-20263028627286273261587970865231344
BAKKEN3-2026282088220882303355810057091923
BAKKEN2-20262835548360724655481567803901080
BAKKEN1-20263147397468734969688410882300
  • 41073, dry (problem while casing), BR, Tilton Diamond Forest 2A ULW, Lone Butte, dry
  • 41064, drl/ABR, Tilton 2B, Lone Butte, cum 189K in less than four months:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202631298312981820798000
BAKKEN4-20262638178381943151664209624501739
BAKKEN3-20263146428465604236975852744241407
BAKKEN2-202628746357436469139100698984612204
  • 41065, drl/ABR, Tilton 2C, Lone Butte, 28,865 bbls over 12 days extrapolates to 72K over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-20269870387565061000
BAKKEN4-20261228865287872107148739474321291
BAKKEN3-2026650705158490074107281127
BAKKEN2-2026112840628303155574348542571900
  • 41066, drl/ABR, Tilton 2D, Lone Butte, 85,896 bbls over 24 days extrapolates to 107K over 30 days; cum 166K in less than three months:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202631349573494223176000
BAKKEN4-20263044994451074042372141721170
BAKKEN3-2026248589685638627271159481159160
  • 40983, drl/ABR, Tilton 2E, Lone Butte, 46,889 bbls over 15 days extrapolates to 94K over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202631303393032433365000
BAKKEN4-20262638444384615691161490614700
BAKKEN3-20261546889467483922281044810210
  • 41067, drl/ABR, Tilton 3D, Lone Butte, 
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202626339593398423033000
BAKKEN4-20262955984558465194697209971770
BAKKEN3-202651404914007861818308183030
  • 41068, drl/ABR, Tilton 3E, Lone Butte, 59,310 bbls over 17 days extrapolates to 105K over 30 days:
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202616142891423513105000
BAKKEN4-2026634623616809858365706128
BAKKEN3-20263155075551265608086946854281494
BAKKEN2-20261759310590945242186646848851732
  • 41069, drl/ABR, Tilton 3F ULW, Lone Butte,
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-202631462534625334724000
BAKKEN4-20261589598959160262006319588433
BAKKEN3-20262435729357624108798076964591546
BAKKEN2-2026285205552280593821064561047791572
BAKKEN1-20263141905416474474944204440760

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The Maps