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• DAILY OIL PRICE: September 23, 2025
  Crude Oil: 63.41   (+0.77)....
  
  
  • Crude Oil: 63.41   (+0.77).
  
  
  • Nymex MTD AVG: 63.0952.
  
  
  • Natural Gas: 2.853   (+0.047).
  
  
  • Gasoline: 1.9991   (+0.0209).
  
  
  • Spreads: November/December (+0.48)     December/January (+0.31).
  
  
  • Plains WTI Posting: 59.89   (+0.77).
  
  

  
  Source: Odessa American
  
  
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• S&P 500 snaps 3-day win streak, Nasdaq tumbles 1% as AI frenzy fizzles
  U.S. stocks finished lower on Tuesday as the record-setting...

  U.S. stocks finished lower on Tuesday as the record-setting rally for the S&P 500 and the Nasdaq Composite took a pause amid concerns over the sustainability of the artificial-intelligence boom.

  
  

  The Dow Jones Industrial Average fell 88.76 points, or 0.2% to end at 46,292.78, snapping a four-day winning streak, according to FactSet data.

  
  

  The S&P 500 lost 36.83 points, or 0.6% to finish at 6,656.92, snapping a three-day winning streak.

  
  

  The Nasdaq Composite tumbled 215.50 points, or nearly 1%, ending at 22,573.47. It was the biggest one-day point and percentage decline since Aug. 29, according to Dow Jones Market Data.

  
  

  Investors on Tuesday also digested Federal Reserve Chair Jerome Powell's speech at the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon in Warwick, R.I.

  
  

  While Powell avoided making any reference to whether the central bank might ease interest rates again at its next meeting in late October, he said higher inflation from tariffs is likely to last several quarters and could take some time to work its way through the supply chain.

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• Land Loss Pushing La. Wells Into Gulf Waters
  An investigation by The Times-Picayune and The Advocate finds that more...
  An investigation by The Times-Picayune and The Advocate finds that more than 3,600 of the nearly 84,000 oil wells drilled along Louisiana's coast between 1932 and 2016 now sit submerged in open water as a result of erosion, sinking land and rising sea levels, making them more costly to plug and harder to monitor. Hundreds remain unplugged or were sealed under older standards, posing risks to navigation and the environment. Experts warn that shifting ground and shallow casings can cause even wells sealed to modern standards to deteriorate over time.
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• WaterBridge IPO Highlights Delaware Basin Water Management Opportunity
  WaterBridge Infrastructure...

  WaterBridge Infrastructure (NYSE: WBI) successfully completed an oversubscribed IPO on September 18, raising approximately $677 million as produced water management becomes increasingly critical in the Delaware Basin. The company operates an extensive network including 2,500 miles of pipelines and 197 facilities with over 4.5 MMbbl/d capacity, serving major operators like Chevron, Devon Energy, and BP.

  
  

  The IPO timing reflects growing regulatory pressures as the Texas Railroad Commission tightens saltwater disposal well permitting due to seismicity concerns and capacity constraints. Traditional disposal methods are reaching physical limits, particularly in the high-demand Stateline area, where heavy injection has elevated pore pressure.

  
  

  WaterBridge's competitive advantage stems from its relationship with sister company LandBridge, providing access to underutilized pore space in lower-pressure areas. The company secured 2.3 MMbbl/d of permitted capacity outside the constrained Stateline region, positioning it well for future growth.

  
  

  Shares debuted at $20 and closed the first trading day up 14% at $22.83, demonstrating strong investor confidence. Parent company Five Point Infrastructure has strategically positioned itself across Delaware Basin infrastructure, including the recent $2.375 billion sale of sour gas specialist Northwind Midstream to MPLX LP.

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• ☕️What Else is Brewing Tuesday Morning
  SCOTUS will mull the president’s power to fire independent...
  SCOTUS will mull the president’s power to fire independent agency officials. For now, the Supreme Court ruled that President Trump can fire the Federal Trade Commission’s sole remaining Democratic commissioner, Rebecca Kelly Slaughter, while it considers her legal challenge to her ouster (the liberal justices dissented). In weighing the case, the high court will hear arguments in December over whether a 90-year-old precedent barring the president from axing agency officials without cause should be overturned for infringing on the executive branch’s power.
  
  Google is back in court this week, once again trying to convince a federal judge not to break up the company after a ruling that it behaved anti-competitively, this time in the realm of digital advertising.
  
  France and several other nations formally recognized a Palestinian state at the United Nations yesterday, despite pressure from the US and Israel not to do so.
  
  Oracle is promoting the heads of its cloud infrastructure and industries divisions to be co-CEOs as the company’s stock soars from AI revenue possibilities.
  
  US Treasury Secretary Scott Bessent said the US would provide “all options for stabilization” to Argentina’s President Javier Milei, as the chainsaw-wielding politician tries to stave off an economic crisis.
  
  Pfizer agreed to buy weight loss biotech company Metsera in a deal valued at up to $7.3 billion as it tries to catch up to competitors in the obesity treatment space.
  
  Arc'teryx apologized after the outerwear company’s promotional fireworks display in the Himalayas prompted environmental concerns. Chinese officials are now investigating the impact.
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