CLR Garfield Federal / Boulder Federal Wells In Banks Oil Field -- October 1, 2026

Locator: 51854CLR.

The wells: 

• 41491, F/A, CLR, Garfield Federal 3-5H, Banks, t10/25; cum 280K 7/26; 

BAKKEN	1-2026	31	31472	31909	23580	73177	70780	239
BAKKEN	12-2025	30	46435	45939	30293	92349	86267	4041
BAKKEN	11-2025	25	59025	59346	36103	91889	90753	1136
BAKKEN	10-2025	23	51343	50831	36793	75242	71737	3505

• 41530, F/A, CLR, Garfield Federal 8-5H, Banks, t10/25; cum 309K 7/26; 

BAKKEN	1-2026	31	35107	35098	27352	97429	95004	267
BAKKEN	12-2025	29	52809	52391	34589	101349	94714	4596
BAKKEN	11-2025	25	63833	64203	40130	98549	97320	1229
BAKKEN	10-2025	24	60988	60436	42636	89408	85244	4164

• 41492, F/A, CLR, Boulder Federal 4-4HSL, Banks, t10/25; cum 304K 7/26; 

BAKKEN	1-2026	31	34989	34990	27097	90603	88179	266
BAKKEN	12-2025	30	55601	55275	34806	114482	107531	4839
BAKKEN	11-2025	26	62366	62595	36899	101200	98544	1200
BAKKEN	10-2025	24	58626	58087	39347	88100	82578	4002

• 41493, F/A, CLR, Boulder Federal 5-4H, Banks, t10/25; cum 3245K 7/26; 

BAKKEN	1-2026	31	33034	32993	23566	90357	87948	251
BAKKEN	12-2025	31	46245	45834	27630	81131	74850	4025
BAKKEN	11-2025	24	35169	35359	24037	63360	61259	677
BAKKEN	10-2025	23	42019	41672	28908	66670	62345	2869

CLR Olympia In Brooklyn Oil Field: 105K Bbls In One Month -- October 1, 2026

Locator: 51853CLR.

The Bakken never ceases to amaze me. The Brooklyin oil field has been a real "steady Eddy" but not know for huge wells. Look at these wells. 

The wells:

• 42248, drl/A, CLR, Olympia 6-27HSL, Brooklyn, t5/26; cum 165K 7/26;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2026	22	45596	45853	44143	100390	99509	881
BAKKEN	6-2026	30	105372	105258	73974	194234	179516	14718
BAKKEN	5-2026	5	14132	13729	14994	24570	24344	226

• 42247, drl/A, CLR, Richmond 6-26H, Brooklyn, t5/26; cum 94K 7/26;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2026	24	37458	37517	32739	128913	127766	1147
BAKKEN	6-2026	30	55784	55536	45941	132298	122240	10058
BAKKEN	5-2026	2	886	861	848	2037	2018	19

• 42246, drl/A, CLR, Charleston 8-22HSL, Brooklyn, t5/26; cum 129K 7/26;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2026	22	41558	41719	47038	88534	87758	776
BAKKEN	6-2026	30	81240	81009	80898	157505	145561	11944
BAKKEN	5-2026	3	5863	5696	8772	14353	14221	132

• 42245, drl/A, CLR, Addyson 7-23H, Brooklyn, t6/26; cum 86K 7/26;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2026	25	35420	35468	43940	92618	91800	818
BAKKEN	6-2026	28	50908	50658	65604	113320	104711	8609

*******************
Other Wells In The Area

The wells:

• 42241, drl/A, CLR, Addyson 6-14H, Brooklyn, t6/26; cum 161K 7/26; 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2026	31	89653	89885	71725	178082	177391	272
BAKKEN	6-2026	27	71499	70296	67111	138287	106186	31736

• 42240, drl/A, CLR, Charleston 7-15H, Brooklyn, t6/26; cum 173K 7/26; 

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	7-2026	31	88179	87984	62121	184054	183367	268
BAKKEN	6-2026	28	84589	83850	70865	150390	112465	37547

TGIF -- Friday, October 2, 2026 -- Pending

Locator: 51852B. 

SpaceX: another successful launch today. Did anyone know? Cost / profit, link here: Link: https://share.google/aimode/4GUznz0fGkhxQxto5.

***************************
Back to the Bakken

WTI: $92.74.

New wells reporting:

• Sunday, October 4, 2026: 7 for the month, 7 for the quarter, 506 for the year, 
• 41536, conf, Devon, Cherrey (sic) 34-27 6H,
• Saturday, October 3, 2026: 6 for the month, 6 for the quarter, 505 for the year, 
• 42025, conf, Oasis, Milkweed 5302 14-36 2B, 
• 41923, conf, Hess, GO-Lemire-157-97-3613H-3, 
• Friday, October 2, 2026: 4 for the month, 4 for the quarter, 503 for the year, 
• 42193, conf, Whiting, Link 5001 11-18 2BHP,
• 42150, conf, Whiting, Toonie 5001 11-18 3B,
• 42149, conf, Whiting, Toonie 5001 11-18 2BX, 
• 41924, conf, Hess, GO-Lemire-157-97-3613H-4,

RBN Energy: in Mexico, an Esentia gas pipeline deal puts a spotlight on the Gato Negro LNG project. Link here. Archived. 

A natural gas pipeline deal that would give Esentia Energy a complete, start-to-finish link between the Permian Basin and Mexico’s Pacific Coast is highlighting a heretofore under-the-radar LNG project being planned at the end of that now-1,400-mile pipeline system. 

Gato Negro LNG (Spanish for black cat), a proposed 9-MMtpa (1.2 Bcf/d) export facility in Manzanillo slated to come online in the early 2030s, would be yet another major consumer of Permian gas and provide direct access to all-important Asia-Pacific LNG markets. 

In today’s RBN blog, we’ll discuss Esentia’s purchase of a TC Energy gas pipeline in west-central Mexico and the plan by other investors to build what would be one of Mexico’s largest midstream projects ever.

For a few years now, western Mexico has been viewed by many as a plausible — albeit complicated — place to pipe Permian-sourced gas, liquefy it into LNG, and ship it to Asia-Pacific buyers. Most important, it takes only 10 to 12 days for an LNG carrier to reach Asia from Mexico’s west coast — half the time involved in moving one from the U.S. Gulf Coast through the Panama Canal and on to Asia and less than one-third the time needed to send an LNG carrier around the Cape of Good Hope. And, as they say, time is money.

But as another saying goes, if it were easy, everyone would do it. Developing large midstream projects south of the border is, um, challenging, to say the least. Securing pipeline rights-of-way can be a nightmare, and long-haul pipeline projects often require strategic partnerships or long-term capacity agreements with state entities like Mexico’s Comisión Federal de Electricidad (CFE). Constructing pipelines can be problematic too — some parts of the country are controlled or contested by organized crime, forcing developers to invest heavily in private security.

Currently, there is one semi-operational LNG export terminal on the west coast of Mexico: the 3.25-MMtpa (440 MMcf/d) Energía Costa Azul (ECA; blue diamond in Figure 1 below) Phase 1 in Ensenada, Baja California state, which is co-owned by Sempra Infrastructure, with an 83.4% controlling interest, and TotalEnergies, with a 16.6% stake. (We say semi-operational because while the project produced its first LNG in June and sent out a single shipment in July, it has since been taken offline for repairs slated to be finished in Q4 2026.) 

Sempra and TotalEnergies also are considering a possible 12-MMtpa (1.2-Bcf/d) Phase 2 at the ECA site but have not reached a final investment decision (FID) to date.

Anthropic Can't Go Public Soon Enough -- Anthropic Needed Cash To Finance Its AI Infrastructure Buildout -- Came From .... Wait For It .... AVGO -- October 1, 2026

Locator: 51851AVGO. 
Locator: 51851ANTHROPIC. 

Link here. 

The headline is there: circular financing. This should get a lot of discussion CNBC tomorrow. LOL. 

Two things: 

• read the social comments; and, then, remember,
• market cap, AVGO, $1.64 trillion; and likely market cap of Anthropic, $2 trillion.

AVGO:

• cash on hand: $20 billion;
• operating cash flow (trailing): $87 billion

I'm sure they will structure deal so as not to have to "spend" the full $42 billion in one year. 

$42 billion / $3 trillion = 1.4%.

I often make simple arithmetic errors. But I think that's correct. 

China Halts October Fuel Exports as Global Diesel Crunch Deepens - Charles Kennedy -- Oilprice -- October 1, 2026

Locator: 51850DIESEL. 

No "higher for longer." But rather, "much higher for longer." At least in the tea leaves. 

If it's from Charles Kennedy it must be important. 

Link here. 

From the linked article:

China’s major refiners have suspended most refined fuel exports for October as Beijing prioritizes domestic supply security, removing another source of diesel, gasoline and jet fuel from an already severely constrained global market.

PetroChina has cancelled several gasoline and jet fuel cargoes scheduled for October, while Zhejiang Petrochemical did not schedule exports during China’s week-long National Day holiday, Reuters reported, citing four people familiar with the matter. Beijing has yet to authorize October exports outside Hong Kong and Macau, although shipments could resume after the holiday ends on October 7 depending on domestic inventories and refinery output.

The move follows a sharp deterioration in China’s own fuel-stock position. Kpler estimates commercial diesel and gasoil inventories are around 20 million barrels below pre-war levels, while gasoline stocks are roughly 9 million barrels short of the threshold Beijing wants restored before allowing exports to normalize.

China had significantly increased exports during the summer. Official customs data showed total oil-product exports reached 6.01 million tonnes in August, up 12.7% year-on-year and the highest since March 2024, according to S&P Global. At the time, Chinese refiners said Beijing had not yet restricted clean-product exports despite tightening domestic supply.

The reversal comes as global diesel supplies are already being squeezed by Middle Eastern disruptions and Ukrainian attacks on Russian refineries. S&P Global warned this week that Asian fuel markets have limited surplus supply, meaning any further restriction on U.S. diesel exports would increase competition for Asian and Middle Eastern barrels.

Two US Stocks That Could Benefit From Europe's Winter Energy Crunch -- October 1, 2026

Locator: 51849LNG. 
Locator: 51849GRID.

See disclaimer.

I find the linked article below interesting. 

By Brian Sullivan, CNBC. I don't know if he knows his stuff, but he certainly is exposed to a lot of information. 

It's a long article: link here. 

To cut to the chase:

Much of that LNG supply [that will be needed by Europe this winter] is going to come from the United States. [The US has] more natural gas than we can export. If you’re looking to invest around this theme, two obvious names are exporters Cheniere Energy (LNG) and Venture Global (VG). 

Less obvious: the biggest holders of U.S. LNG capacity are based in France and the U.K. They are TotalEnergies (TTE) and Shell (SHEL).

TotalEnergies CEO Patrick Pouyanné — arguably the most important CEO in global oil and gas — spoke with us this week about Europe’s energy challenges, prices, and more in a Power Insider interview.

Disclaimer: 

• I am not adding to any positions in energy. 
• I continue to add to positions in tech on dips.
• I am slowly -- very slowly -- beginning to pivot to healthcare (Big Pharma, mostly through ETFs) and Big Banks (two names). 

********************************
Global Electric Grid
IEA Perspective

Some very interesting data points in IEA's annual report. Overview here.

The full 2026 report here. 

Two takeaways:
despite the surge in demand and expansion of the grid, if one does the math, it's hardly daunting; political backlash will be much more daunting than the dollars involved; and,
in the US, the growth in Texas / ERCOT will be daunting.

From the report: 

• In the US, the growth will be prominently in two ISO: PJM and ERCOT.

• Despite a pause in connecting new data center projects in Texas to the grid, the West South Central region (Texas, for the most part) will still account for the largest regional share of growth in total electricity sales, totaling nearly 20% of nationwide growth in 2026 and almost 40% in 2027, according to the EIA’s forecast in the Short-Term Energy Outlook (STEO) for September.

This is not trivial. 

********************************
Disclaimer

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've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Nothing on this site should be seen as recommendations for the general public. On the other hand, I have no problem if members of my extended family "see" recommendations I might be making - but only members of my extended family, limited to my children and my grandchildren.

Longer version here.

Six New Permits -- October 1, 2026

Locator: 51848B. 

WTI: $92.87.

Active rigs: 34. Relative high.

Six new permits, #43359 - #43364, inclusive:

• Operators: Kraken
• Field: Little Muddy (Williams County)(northwest of Williston, up towards Divide County)
• Comments:
• Kraken has permits for six Roughneck wells, lot 7, section 6-158-100, 
• to be sited 386 / 551 FSL and 315 FWL. Four with a spacing unit of sections 1, 2, and 3; two with a spacing unit of sections 10, 11, and 12.
• could "open up" a new area -- almost nothing drilled in this area. 

The Gilded Age -- October 1, 2026

Locator: 51847THEGILDEDAGE.

So much money sloshing around out there.

Philanthropy: 

• Ken Griffin: $3 billion -- Carnegie Mellon University
• Michael Bloomberg -- single gift, 2018, $1.8 billion; but 
• has surpassed $4.5 billion in cumulative giving to Johns Hopkins
• Phil Knight: $1 billion -- University of Oregon

Personal:

• Larry Ellison: eight mansions in Florida in one fell swoop for his staff
• Peter Thiel: $130 mansion in southern California (buying it as an investment); 
• Casa Encantada ("delighted"; "please to meet you" when used by a female)

Sports, professional:

• pending

Tech (non-LDC) investing:

• valuations: Micron -- exhibit A 

LDC investing:

• pending 

Intergenerational wealth transfer

• variously reported; might be as high as $124 trillion through 2048 

************************************
K-Economy In Housing Industry

Mortgage rates: mean little to the ultra-rich when buying mansions -- 

• high mortgage rates: 
• a populist story that gets a lot of views on CNBC, but
• has no relevancy to the economy in general 
• for lenders, for some, that's where the money is.
• buyers:
• ultra rich can pay 50% more (from 4% to 8% mortgage) for their personal use; or,
• they can pay that much more in taxes.
• when rates fall, these houses become ATMs 
• on another note, I remember going through argument several years ago on the blog
• on that subject, this was my #1 blog (number of pageviews): link here. October 21, 2023. 
• it's interesting to note that no one on CNBC speaks to New York state's pied-à-terre tax which became law earlier this year (May 2026) as part of the state budget.
• this push started in 2020 -- long before Zohran Mamdani was elected mayor to NYC 
• link here; link: https://share.google/aimode/TBCSNlZTI3mjQL0F9.  

Saudi Aramco, Iranian Deployiment, Model T -- October 1, 2026

Locator: 51846LEGO.

Tag: Saudi Arabia Aramco Lego Model T Iran deployment 

Unintended consequences: Saudi Arabia is now in position to ship more oil than ever before while Iran is still physically blockaded and electronically/globally sanctioned. Link here.

Moving pieces into place: 

Couldn't resist:

Corning -- October 1, 2026

Locator: 51845CORNING.

Story of the day: Corning.

• currently the cover story on Forbes; and, 
• covered several times on CNBC yesterday. 

The story over at Forbes begins:

The AI boom runs on Nvidia chips, staggering amounts of power and water—and a lot of glass. Corning makes most of it.

More precisely, the 175-year-old glass company makes the hair-thin optical fiber that hauls data between servers, buildings and data centers. 

Demand has become so intense that: 

• Corning has recently signed multibillion-dollar agreements with Amazon, Nvidia, Meta and Verizon;
• this week, AT&T announced a $3 billion deal with Corning to upgrade its home internet service; and,
• Apple has committed another $2.5 billion for Corning’s Gorilla Glass, the tough, hard-to-scratch stuff used in iPhones and Apple Watches.

For one of the nation’s OG technology companies, founded in upstate New York in 1851 and responsible for everything from the glass in Thomas Edison’s lightbulbs to cookware known as Pyrex, AI infrastructure is a lively third act.

Corning’s stock has nearly doubled in the last 12 months compared to less than 16% for the S&P 500.

Southern Copper (SCCO) is up over 70% for the full year. SCCO hit a high of 214 very early this year (February, 2026) coming off a low of 73 on year earlier (April, 2025). Jim Cramer had a huge series on Corning earlier this year, but that's the only time I recall ever hearing about Corning on CNBC. Once or twice this past year, it seems I've head CNBC mention SCCO in passing, preferring FCX, Freeport-McMoRan. 

******************************
Micron

Ben Reitzes, Melius Research
9:40 a.m., October 1, 2026, CNBC interview

Micron: "cheap."

P/E? When asked, answered: 5

Focused on "massive buyback" in 2027 / 2028. Ten percent, maybe fifteen percent.

Guidance: margins actually increase slightly in 1Q27 -- completely unexpected.

HBM: margins going up a lot -- could stay in high 80s a lot longer than expected

HBM vs DRAM: a decision for the company day in and day out -- everyone needs both.

Shortage of memory will last long than expected. 

P/E ratio being reported by Yahoo!Finance today: 24.

********************************
Disclaimer

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've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Nothing on this site should be seen as recommendations for the general public. On the other hand, I have no problem if members of my extended family "see" recommendations I might be making - but only members of my extended family, limited to my children and my grandchildren.

Longer version here.