Locator: 51734APPLE.
I have limited access to the real world today, so minimal blogging.
AI: it's "way early," but it seems we're starting to see how the chatbots are going to shake out. Link here.
Market share, now: ChatGPT and Google Gemini, combined: 80%; Anthropic's Claude at 10%. All the rest share what's left. Amazing: Microsoft Co-Pilot, 1.3%.
For me, it's always been ChatGPT (OpenAI) vs Gemini. But in the past month or so, I've been using Gemini almost exclusively.
It seems among the names I know, Anthropic (Claude) is the chatbot used by serious users. I haven't jumped on that wagon yet. Gemini is simply to easy to use.
The big excitement seems to be how OpenAI takes on Anthropic (or vice versa). At the enterprise level (including US military), Anthropic seems to be in the catbird seat. Sam Altman can try to convince us otherwise, but delaying the IPO may have been a strategic mistake. The question is whether Anthropic will delay its own IPO in the current environment.
Market, futures:
- CVX: flat, but the last six months suggests CVX may have reset at around $210/share
- AAPL: down almost $2.00; only looks "bad" if one recently bought; up 30% in last six months.
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Back to the Bakken
WTI: $101.70. Amazing how volatile the price of oil has been.
New wells reporting:
- Wednesday, September 16, 2026: 36 for the month, 116 for the quarter, 473 for the year,
- 42027, conf, Oasis, Milkweed 5302 14-36 4B,
- 41720, conf, BR, HBU Hazel 2N, MBH,
- 41636, conf, BR, HBU Badlands 8S MBH,
- Tuesday, September 15, 2026: 33 for the month, 113 for the quarter, 470 for the year,
- 42028, conf, Oasis, Milkweed 5302 14-365B,
- 41996, conf, Hess, EN-Will Trust C-157-94-2215H-6,
- 41993, conf, Hess, EN-Will Trust A-157-94-2734H-4,
- 41727, conf, BR, HBU Hazel 6S MBH,
- 41631, conf, BR, HBU Badlands 8S MBH,
RBN Energy: Enbridge saddles up for expanded crude service with Pony Express acquisition. Link here. Archived.
Enbridge is buying Tallgrass Energy’s crude oil transportation,
gathering and storage business for US$2.55 billion in cash. The deal
includes a 75% interest in the 1,050-mile Pony Express Pipeline, a
roughly 460-Mb/d crude oil system linking Rockies production with the
Cushing, OK, storage hub and providing direct access to about 500 Mb/d
of refining capacity. Enbridge also gets a 51% interest in the Powder
River Gateway system, about 8.4 MMbbl of storage capacity across nine
crude terminals, and Stanchion Energy, a crude marketing business. In
today’s RBN blog, we discuss what the acquisition means for Enbridge.
First,
some background on Tallgrass Energy, a midstream company formed in 2012
and based in Leawood, KS, initially focused on natural-gas
transportation. It entered the crude business following its August 2012
purchase of about 432 miles of the existing Pony Express Pipeline (pink
line in Figure 1 below) from Kinder Morgan Interstate Gas Transmission.
The line had originally been a crude-oil pipeline but was converted to
natural-gas service in the mid-1990s. After receiving Federal Energy
Regulatory Commission (FERC) authorization in September 2013, Tallgrass
abandoned the line’s natural-gas service in December 2013 and converted
it back to crude-oil service. It also constructed approximately 260
miles of new pipeline from Lincoln County, KS, south to Cushing,
creating the original Guernsey-to-Cushing mainline, which entered
commercial service in October 2014.
