Locator: 51705B.
Update
Cramer's first hour: looking at the inflation news, the US equity market this week, it seems obvious that the movers and shakers have baked in two Fed hikes -- one this month, and the second in December. When the rates are announced, the market will react -- perhaps "violently" -- but within a couple of days after the announcement -- the market will surge, all things being equal. This market wants to keep growing. The movers and shakers have so much money and my favorite chart --MMF -- almost $8 trillion in "cash."
Chapbots: the second thing -- I've never had so much fun reading a book and following along with a chatbot. It is truly amazing how rich the experience has become, involving a chatbot. See this link.
Original Post
Page views: we went over 99 million page views. Run rate is currently 1.4 million page views / 24 hours.
Inflation data released this morning: looks like the numbers were pretty much in line with estimates. US equity markets futures dropped a bit but not much. In fact, the numbers are starting to rise again. Regardless, "the market" has baked in a rate increase this week.
CUDA: link here.
The new meme: "AI existential threats."
Apple's subscription model: I still think this is the biggest Apple story of the week -- it will make the $2000 iPhone Duo doable. $35 / month for three years, then pay off the balance to buy the phone, or upgrade to a newer model with the subscription plan. And that $35 / month comes with no hidden fees or interest rates. This is really amazing. And Apple sees no supply chain issues after this cycle. Whoo-hoo!
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Back to the Bakken
WTI: $104.0
New wells reporting:
- Sunday, September 13, 2026: 26 for the month, 106 for the quarter, 463 for the year,
- 41629, conf, BR, HBU Badlands 7S MBH,
- 41570, conf, Oasis, Dolls Daisy Federal 5301 31-31 6B,
- 40916, conf, Zavanna, Rennerfeldt 13-36 4H,
- Saturday, September 12, 2026: 23 for the month, 103 for the quarter, 460 for the year,
- 42236, conf, KODA Resources, Amber 2104-5BH,
- 41628, conf, BR, HBU Badlands 2N MBH,
- 41569, conf, Oasis, Dolls Daisy 5301 31-31 5B,
- 40917, conf, Zavanna, Rennerfeldt 13-26 4H,
- Friday, September 11, 2026: 19 for the month, 99 for the quarter, 456 for the year,
- 41627, conf, BR, HBU Badlands 6S MBH,
- 41568, conf, Oasis, Dolls Daisy 5301 31-31 4B,
RBN Energy: Summit's Double E expansion. Link here. Archived.
Summit Midstream is moving full speed ahead with the 900-MMcf/d expansion of the Double E Pipeline after it secured about 550 MMcf/d of long-term commitments to move natural gas from the Permian’s Delaware Basin toward the Waha Hub. The company reached a final investment decision (FID) on the project, designed to address growing Permian natural-gas production and rising demand from Gulf Coast LNG export facilities, after a successful open season. In today’s RBN blog, we’ll discuss what the expansion means for Permian producers and regional gas flows.
When it comes to the Permian, there’s a lot to discuss as it pertains to natural gas. Production in the basin has risen substantially over the years and should continue to grow, supported by crude prices, while pipeline capacity constraints have kept spot gas prices low. That higher production is partly because the region’s gas-to-oil ratio (GOR) has steadily moved higher. As we noted in Hold On … I’m Comin’, the Permian’s GOR has increased from about 3.4:1 to 4.2:1 over the past 10 years, a trend that appears likely to continue. In addition, the LNG terminals along the Gulf Coast have become the fastest-growing outlet for Lower 48 natural gas, with export capacity now about 18.3 Bcf/d and on track to approach 30 Bcf/d by 2030, much of it supplied from the Permian Basin.
The Double E expansion is intended to address those issues. The pipeline (red line in Figure 1 below), which was constructed in 2021 and runs from the Eddy-Lea county line in New Mexico to delivery points in and around the Waha Hub in Pecos County, TX, has been an important route for moving Permian gas since its startup. The 135-mile system is 70% owned by Summit Midstream and 30% by an ExxonMobil subsidiary, with Summit Midstream Permian II LLC serving as operator. It runs near ~30 processing plants with a combined capacity of roughly 10 Bcf/d (more on those below).
