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• Viper Energy to Sell Non-Permian Assets for $670MM
  Viper Energy has...

  Viper Energy has entered into a definitive agreement to sell its non-Permian Basin assets for $670 million to an affiliate of GRP Energy Capital and Warwick Capital Partners.

  
  

  The divestiture is expected to close during the first quarter with an effective date of Sept. 1, 2025. The full-year average daily production from the assets is between 9,000 boe/d and 10,000 boe/d, the company said in a third-quarter performance news release on Nov. 3.

  
  

  Viper, a subsidiary of the dominant Permian pureplay Diamondback Energy, will continue to allocate most of its available cash available for distribution via its base-plus-variable dividend. But share buybacks will also be part of the firm’s shareholder return calculus, said Van’t Hof, “given the current market dislocation.”

  
  

  During the third quarter, Viper’s growth strategy was bolstered by its closing of the $4.1 billion acquisition of Sitio Royalties. The pro forma production guidance implies an increase in oil close to 20% per share compared to the fourth quarter of 2024.

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• OpenAI and Amazon made a $38 billion cloud deal
  The seven-year deal marks the ...
  The seven-year deal marks the first partnership between the two tech giants. OpenAI bought $38 billion worth of capacity from Amazon Web Services, allowing it to access hundreds of thousands of Nvidia’s graphics processing units at Amazon’s data centers. The companies inked the deal less than a week after OpenAI revised its agreement with Microsoft to let OpenAI get more computing resources without first offering the business to Microsoft. It’s much smaller than OpenAI’s $250 billion cloud deal with Microsoft and its $300 billion deal with Oracle, but it still represents a significant new relationship.
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• ☕️What Else is Brewing Tuesday Morning
  Coke doubles down on AI-generated holiday advertising. Coca-Cola,...
  Coke doubles down on AI-generated holiday advertising. Coca-Cola, the company whose marketing department cemented the modern image of Santa, released a new AI-generated ad yesterday, even though last year’s attempt evoked more jeers than holiday cheer. In 2024, the company’s AI-made holiday spot prompted backlash, both for its uncanny valley dwelling AI-produced humans, and for the tech’s potential to take jobs away from the creative professionals who would otherwise be creating ad imagery. But it garnered billions of impressions, and the company said this year’s offering—which features animals, not humans—is better.
  
  Palantir reported another quarter of record revenue and upped its guidance as the AI boom continues.
  
  President Trump said “I don’t know who he is,” when asked if he was concerned about the appearance of Changpeng Zhao—the founder of cryptocurrency exchange Binance whom he recently granted a pardon—being involved with Trump’s sons’ crypto business during an interview with 60 Minutes.
  
  Microsoft will ship 60,000 of Nvidia’s AI chips to the United Arab Emirates to be used in data centers as part of a deal approved by the US Commerce Department.
  
  More than a dozen state attorneys general sued the Trump administration over its new rule limiting the popular Public Service Loan Forgiveness program.
  
  The movie box office had its worst Halloween weekend in 31 years after cinemas faced the scary prospect of the holiday falling on a Friday and the World Series competing for attention.
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• DAILY OIL PRICE: November 3, 2025
  Crude Oil: 61.05   (+0.07)....
  
  
  • Crude Oil: 61.05   (+0.07).
  
  
  • Nymex MTD AVG: 61.0033.
  
  
  • Natural Gas: 4.266   (+0.142).
  
  
  • Gasoline: 1.9161   (-0.0770).
  
  
  • Spreads: December/January (+0.30)     January/February (+0.27).
  
  
  • Plains WTI Posting: 57.53   (+0.07).
  
  

  
  Source: Odessa American
  
  
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• Dow closes lower, while Big Tech powers S&P 500 and Nasdaq to gains
  U.S. stocks ended mostly higher on Monday, with Big Tech...

  U.S. stocks ended mostly higher on Monday, with Big Tech stocks lifting the Nasdaq Composite, after OpenAI and Amazon.com Inc. on Monday announced a $38 billion deal to utilize Amazon's computing power to power OpenAI's artificial intelligence-related workloads.

  
  

  Investors will also be watching Palantir Technologies Inc.'s third-quarter earnings report after the closing bell.

  
  

  The Dow Jones Industrial Average went down 226.19 points or 0.5% to end at 47,336.68, according to Dow Jones Market Data.

  
  

  The S&P 500 edged up 11.77 points or 0.2% to finish at 6,851.97.

  
  

  The Nasdaq Composite rose 109.77 points or 0.5% to close at 23,834.72.

  
  

  Both the S&P 500 and the Nasdaq Composite logged back-to-back gains.

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