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• U.S. housing starts declined 8% in June after 15.7% gain in May
  The monthly data published by the US Census Bureau revealed on Wednesday that Housing...
  The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts declined 8% on a monthly basis in June, following the 15.7% increase (revised from +21.7%) recorded in May. This reading came in much worse than the market expectation for a growth of 7.2%.
  
  In the same period, Building Permits fell 3.7%, down sharply from May's 5.6% increase.
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• Smoke and Heat: A Weather Update
  The temperature in Phoenix topped 110 degrees ...
  The temperature in Phoenix topped 110 degrees for a record 19th straight day. Cities across the U.S. face dangerous levels of heat for the next week.
  
  Smoke from Canada’s wildfires reached as far south as North Carolina and Georgia.
  
  Much of the Northern Hemisphere is experiencing extreme summer weather. Firefighters battled wildfires in Greece, while China sweltered in sauna-like conditions.
  
  To stave off droughts, Spaniards are excavating thousand-year-old irrigation canals called acequias.
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• ☕️What Else is Brewing Wednesday Morning
  A lead in the Tupac Shakur killing? Nevada authorities served a search warrant this week in Henderson,...
  A lead in the Tupac Shakur killing? Nevada authorities served a search warrant this week in Henderson, NV, in connection with the rapper’s unsolved drive-by shooting death in 1996.
  
  Evergrande, the Chinese real estate developer that fell into crisis in 2021, said it lost $81 billion across 2021 and 2022.
  
  Peacock, NBCUniversal’s streaming service, raised its prices for the first time.
  
  Chipotle is plotting an expansion into small US towns and in the Middle East.
  
  Model Gigi Hadid was arrested in the Cayman Islands for marijuana possession. Finally, she does something relatable.
  
  
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• Black Stone Minerals Eyes Solar Development on Upstream Acreage
  Black Stone Minerals LP is eyeing opportunities...
  Black Stone Minerals LP is eyeing opportunities to develop large-scale solar projects on its upstream acreage.
  
  Black Stone and Boston-based renewable energy developer Longroad Energy inked a multi-year transaction that provides Longroad with exclusive access to several thousand Black Stone acres across 12 states.
  
  The framework would enable Longroad to potentially develop utility-scale solar energy projects while preserving Black Stone’s ability to co-develop its mineral and subsurface rights.
  
  As of the end of 2022, Black Stone Minerals owned interests in about 16.8 million gross acres, with an average 43.5% ownership interest in that acreage, according to the company’s latest annual report.
  
  The company owns interests in active plays including the Permian Basin, the Williston Basin, the Eagle Ford Shale and the Haynesville/Bossier plays.
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• Q2 earnings report to be released by Gulfport Energy
  After delivering increased production of natural gas in the first quarter along with...
  After delivering increased production of natural gas in the first quarter along with $523.1 million of net income and $229.7 million of adjusted EBITDA, Oklahoma City’s Gulfport Energy Corporation plans a release next month of its second-quarter earnings report.
  
  Investors will learn the results when they are released after the market closes on Tuesday, August 1. Leaders of the natural-gas-focused company will discuss the earnings report the following day at 8 a.m. Central Time, Wednesday, Aug. 2, 2023.
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