CoreWeave -- August 11, 2026

Locator: 51384COREWEAVE.

CoreWeave. 

Query: CoreWeave seems to have its fingers in a lot of pies. Exactly what is it doing now? Who's paying them to do what?

Query: 

CDs, clouid computing facitlities. Simplified: 1) Caterpillar to move the earth; 2) various contractors to build the facility shell; 3) CoreWeave to truck in / then rent Nvidia racks; 4) Cisco to wire the racks; 5) engineers from various hyperscalers (MSFT, AWS, META) to complet the task at their company-operated facility? 

Reply: 

Power and cooling were not included in the above.

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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.

Longer version here.  

 

Coreweave Again; Five New Permits; Three Permits Renewed; Two Permits Canceled; And, Six DUCs Reported As Completed -- August 11, 2026

Locator: 51383B.

Earnings: 

• CoreWeave: earnings after the close --  very, very mixed; share price tomorrow will depend on guidance; revs beat; there was an uptick of about 2%; during conference call CRWV spiked 6%; then surged almost 12%.
• currently building infrastructure for MSFT and META;
• Super Micro Computers: shares pop 10% based on guidance 

 CoreWeave. See this post also.

Query: CoreWeave seems to have its fingers in a lot of pies. Exactly what is it doing now? Who's paying them to do what?

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Back to the Bakken

WTI: $83.44. 

Active rigs in the Bakken: 29.

Fjve new permits, #43200 - #43204 --

• Operator: BR
• Field: Haystack Butte (McKenzie County)
• Comments:
• BR has permits for five HBU Sandstone wells, SESE 15-148-98, 
• to be sited 763 / 1051 FSL and 126 FEL.

Three permits renewed:

• XTO: three Roust permits, Hofflund oil field.

Two permits canceled:

• Formentera Operations canceled a Marshall permit, Divide County;
• XTO canceled a Predator Federal permit in Dunn County.

Six producing wells (DUCs) reported as completed:

• 36614, 674, BR, Sandie 2B UTFH, McKenzie;
• 41309, 1,360, BR, Sandie 4A MBH, McKenzie;
• 41363, 1,032, BR, Sandie 1A UTFH, McKenzie;
• 41364, 638, BR, Sandie 1B MBH, McKenzie;
• 42237, 2,425, BR, Sandie 2C MBH-R, McKenzie;
• 42302, 2,000, BR, Sandie 3A MBH-R, McKenzie;

One dry hole reported:

• 36616, dry, BR, Sandie 2C-MBH, SESW 21-151-97, McKenzie County.

*********************************
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.

Longer version here.  

It Appears 2026 - 2027 Will Be The Year Of Shortages -- August 11, 2026

Locator: 51382ARCHIVES.
Pageviews: 83,854,905. 1:00 p.m. CT, August 11, 2026.

Mideast: the mainstream legacy media now describe the situation in the Mideast as an unraveling situation. It was never raveled in the first place. And, yes, "raveled" is a word, which means, "raveled." What amazes me is how long it took folks to realize this was going to happen. Even President Trump is coming to the conclusion that one cannot negotiate with the current leaders of Iran.  

Energy in short supply:

• oil: 
• Russian exports falling to lowest level in years
• the Strait of Hormuz to remain closed indefinitely;
• nuclear:
• summer heat is forcing shutdown of nuclear reactors in Europe
• natural gas:
• regional
• very expensive in Europe
• US should do well but AI could be the monkey wrench thrown into the grid
• renewable energy: 
• expensive and current administration does not favor wind, solar
• nuclear:
• again, regional 

AI / large data centers in US

• large data centers won't meet demand
• NIMBY
• chips in short supply
• energy in short supply   

Chips: not necessary to repeat the story

Peace (in short supply):

• Ukraine / Russia probably will probably get worse;
• Russia may probe NATO / EU / Europe's resolve;
• Mideast: an old-style Mexican standoff in the mideast -- 
• Mecca Joint Defense Agreement signed August 7, 2026 -- Turkey, Saudi Arabia, Pakistan;
• Iran and its proxies: Houthis, Hezbollah, Hamas
• Russia: two new training bases in Syria
• China (behind the curtain) 
• Israel: has broken with the US regarding Hamas
• US: an erratic president that is often described as unhinged. Appears less and less interested in the Strait except to continue with a US Naval presence and blockade of Iran

Miscellaneous, also in short supply:

• affordable housing
• affordable transportation
• jobs? in the US 

Common sense in Washington, DC (but this is not new). 

Tuesday Morning -- August 11, 2026

Locator: 51381B.

Factoid: CENTCOM originated in the 19800s. President Jimmy Carter established the Rapid Deployment Joint Task Force in March, 1980.   

Wendy's: continues to close restaurants. Death spiral? 

Intel: looking to increase the capital raise through increasing equity sales from $15 billion to $20 billion. 

Anthropic could go public in less than two months. This might be the "real thing." 

Commodities: the unexpected story of 2026 -- copper. 

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

WTI: $82.03.

New wells reporting:

• Thursday, August 13, 2026: 28 for the month, 69 for the quarter, 413 for the year,
• 42166, conf, Slawson, Shad Rap Federal 4-2-3H, 
• Wednesday, August 12, 2026: 27 for the month, 68 for the quarter, 412 for the year, 
• 42167, conf, Slawson, Shad Rap Federal 3-2-3H, 
• Tuesday, August 11, 2026: 26 for the month, 67 for the quarter, 411 for the year, 
• None.

RBN Energy: northeast gas projects move forward, one step at a time. Link here. Archived. 

Efforts to move more natural gas into gas-starved New England are picking up steam. Enbridge recently said the open season for its Project Beacon, an expansion to the Algonquin Gas Transmission (AGT) system into and through New England, fared better than expected and remains a top priority. At the same time, DT Midstream is moving ahead with one expansion of its Millennium Pipeline, which moves Marcellus/Utica gas to a key AGT interconnection, as it weighs a much larger one. In today’s RBN blog, we’ll update Project Beacon’s status and dig into the two Millennium projects that will help boost supplies to New England.

As we discussed in Movin’ Out, Marcellus/Utica producers have wanted to send more gas into New England for years. But most big expansion projects have, until relatively recently, hit massive resistance. Regulators and elected officials are now more open to brownfield projects that build on existing infrastructure, especially if they help reduce the need for diesel-fired power during peak winter demand. The nearby Marcellus/Utica still has plenty of gas to meet rising demand, but more production only matters if the pipeline capacity exists to move that gas to market. (For a deep dive into the Northeast gas market and how it may be poised for a reawakening, see our recently published Drill Down report, Wake Me Up.)

Let’s start with a bit of background. In September 2025, Enbridge, owner of the 3.1-Bcf/d AGT system that stretches from New Jersey to eastern Massachusetts (purple lines in Figure 1 below), sanctioned the development of the AGT Enhancement. The project, scheduled for completion in late 2028, is designed to ease constraints along the 1,130-mile system and increase its capacity during peak-demand periods by 75 MMcf/d. This project involves:

• Installation of about 3 miles of new 36-inch-diameter looping pipeline (i.e., parallel piping; yellow boxes in Figure 1 below) along the AGT system near Burrillville, RI
• Replacing more than 8 miles of existing 16-inch pipeline in Massachusetts’s Norfolk and Worcester counties and Rhode Island’s Providence County with 36-inch pipe (green boxes)
• Adding more than 2 miles of 12-inch looping pipeline in Newport County, RI (dark-blue boxes)
• Making software improvements to AGT’s existing compressor station in Cromwell, CT (orange boxes)

Stick To Your Convictions -- Stay Diversified -- Have A 30-Year Horizon Mindset -- August 10, 2026

Locator: 51380INVESTING.

An aside. The Washington Post is now posting the story of how the US Secret Service last month protected President Trump on his exit from Ankara, Turkey, and the NATO summit. Link here. Link here. Trump flew from Ankara,Turkey, to RAF Mildenhall in a Sherpa, a C-23.

Now, back to the blog. 

I am absolutely convinced that if you are an investor, with a rolling 30-year horizon, you need to ignore the AI naysayers and stick to your convictions. And stay diversified.

That thought flashed across my mind thinking about the AAPL (Apple) story today. Apple may have taken a page from Amazon / Jeff Bezos. Sometimes it's not about the money. 

You can howl at the wind, but AI is here to stay.  

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A Musical Interlude

I haven't kept up with indie music. This is a beginning.  Link here (a boring discussion but nice to see Gin.)

Link here. Gin Wigmore, "Kill of the Night." This could easily be the "fight song" for a Top 10 NCAA university. 

A todo volumen.

Link here.

*********************************
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.

Longer version here.  

********************************
More Music

Link here.  

Link here.

Link here.