Locator: 52038B.
AI's rep: two days ago, "everyone" on CNBC hated AI /SI, but all of a sudden the tone seems to have changed; now "everyone" loves AI / SI as long as we're not talking about guppies -- with apologies to Elon Musk.
Sports:
- Joe Buck: new contract -- $108 million / 6 years = $18 million / year
- Troy Aikman: wants new contract to raise annual salary from $18 million to $30 million / year
- splitsville -- link here.
- bring Tony back. Tony's was a ten-year contract, signed in 2020, for $18 million / year
- Jim Nantz, $10.5; Chris Collinsworth, $12.5.
- so, apparently, $20 million is the new $10 million.
GM: to move to Nasdaq on November 17, 2026. What GM needs to do? Move to Apple CarPlay.
GLW: earnings beat on top line / bottom line, and guidance is great. Analysis. Link here for earnings.
SCCO: reported earnings last week; results beat estimates.
BA (Boeing): free cash flow significantly higher than expected -- driving shares higher -- despite fact that the loss in earnings was wider than expected.
- holy mackerel -- net loss of $116 million (26 cents per share unadjusted; 34 cents per share adjusted) was a major improvement from the $5.34 billion loss reported during the same quarter last year.
- that quarterly loss last year was not an anomaly; it was not a one-off -- holy mackerel -- link here. Link: https://share.google/aimode/yZEFZ5JA1AFmTM2kB.
META shareholders to pay Mark Z.'s California wealth tax? Not quite that simple. Link here. Link: https://share.google/aimode/xlG28jPcHWPf2Jt1Q. Having said that, raising taxes on billionaires simply results in billionaires finding ways to add more to their net worth to "cover" "wealth taxes."
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Back to the Bakken
WTI: $100.80 Monday evening after close —> $101.83 overnight --> $102.10 at 6:51 a.m. CT.
New wells reporting:
- Thursday, October 29, 2026: 66 for the month, 66 for the quarter, 565 for the year,
- None
- Wednesday, October 28, 2026: 66 for the month, 66 for the quarter, 565 for the year,
- None.
- Tuesday, October 27, 2026: 66 for the month, 66 for the quarter, 565 for the year,
- 42748, conf, Slawson, Warlock Federal 1-15-13H,
- 41908, conf, Devon Energy, Owan Trust North 29-28-27F 1H,
- 41486, conf, Devon Energy, Barbara 31-30F 2TFH,
- 41483, conf, Devon Energy, Barbara 31-30F 6TFH,
RBN Energy: EQT's Range Resources deal to supercharge inventory and boost midstream opportunities. Link here. Archived.
With its newly announced, $50 billion-plus combination with Range Resources, EQT Corp. — already the largest natural gas producer in the Marcellus/Utica — will overtake Expand Energy as the king of the gas jungle in the U.S. as a whole. But EQT’s planned acquisition of Range isn’t really about size. Instead, the transaction is largely aimed at supercharging EQT’s gas inventory and giving it an edge in lining up long-term gas-supply agreements with power generators and other big gas customers. It’s also about expanding opportunities to develop new pipelines to transport gas, especially to fast-growing Midwest demand centers. In today’s RBN blog, we’ll discuss the EQT/Range deal and its implications.
Unless you took a mini digital detox on Monday, you probably heard that EQT Corp. and Range Resources have entered into a definitive merger agreement under which EQT will acquire Range in an all-stock transaction. The end result, as they put it: “America’s leading natural gas company with a pro forma enterprise value over $50 billion.” If, as expected, the deal closes in Q1 2027, the combined company will have more than 9 Bcfe/d of net production, more than 30 years of inventory across nearly 3 million acres, and more than 3,700 miles of midstream infrastructure. (EQT shareholders will own about 73% of the combined company and Range shareholders will own 27%.)
Key paragraphs in that blog:
Many more deals like these are likely, not just in Pennsylvania and West Virginia but especially in Ohio, which has emerged as an epicenter of new data centers and related gas-fired power projects. In fact, EQT just increased its estimate for Appalachian gas demand growth through 2035 — most of it from power generators — to 25 Bcf/d from the old 20 Bcf/d.
Most of that growth is expected to occur in the 2029-31 period, when a tsunami of new data centers is expected to come online. Only about 5 Bcf/d of those incremental gas needs have been secured so far, suggesting that EQT and other gas producers in the Marcellus/Utica will be scrambling to reach long-term deals with gas plant owners/operators.
