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• Could Permian Resources Shop Midland Assets After $4.5B Earthstone Deal?
  Near term, Permian Resources plans to let the Midland Basin asset decline...
  Near term, Permian Resources plans to let the Midland Basin asset decline under a one-rig program. Free cash flow generated from the Midland Basin will be reinvested into projects in the Delaware with higher returns.
  
  But over time, there could be opportunities for Permian Resources to explore strategic alternatives for the Midland Basin asset.
  
  “This is a Delaware Basin company,” Permian Resources co-CEO James Walter said on the call. “That’s how we think about the focus going forward.”
  
  “That’s not something we’re doing at the present time or plan to do so immediately,” Walter said. “But I think over time, we’d obviously explore if there are ways to extract additional value from the Midland Basin.”
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• Tropical Storms Churning
  The National Hurricane Center announced it is tracking ...
  The National Hurricane Center announced it is tracking multiple tropical systems, with three of the storms—dubbed Franklin, Emily, and Gert—forming within a 24-hour period.
  
  Experts have warned of an above-normal Atlantic hurricane season, which peaks in September and runs through Nov. 30. The news comes as Tropical Storm Hilary hit Southern California over the weekend, bringing flash floods, mudslides, and power outages. See the aftermath of the storm here.
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• ☕️What Else is Brewing Tuesday Morning
  Donald Trump has agreed to a $200,000 bond and will turn himself in on Thursday in the Georgia racketeering...
  Donald Trump has agreed to a $200,000 bond and will turn himself in on Thursday in the Georgia racketeering case accusing him of trying to overturn the results of the 2020 election.
  
  Domino’s Pizza is closing its 142 stores in Russia, and the company that owns the franchise rights in the region plans to file for bankruptcy. According to researchers at Yale, more than 1,000 Western companies have left Russia since it invaded Ukraine.
  
  Sha’Carri Richardson, who was banned from the Tokyo Olympics for testing positive for marijuana a month before, came in first place in the 100m at the World Track and Field Championships with a record-breaking time.
  
  Lucy Letby, the former neonatal nurse convicted of murdering seven babies in the UK, has been sentenced to life in prison.
  
  Airplanes nearly crash into one another more often than we thought they did, the New York Times reports.
  
  The actor who has voiced Mario in Nintendo games since the ’90s, Charles Martinet, is retiring, but the company has not revealed who will say “wahoo” in future games.
  
  
  
   
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• 🛫Travel is expected to keep booming
  If you think your Insta feed is full of everyone’s sand, sun, and fruity cocktail photos now, just...
  If you think your Insta feed is full of everyone’s sand, sun, and fruity cocktail photos now, just wait: Travel is on track to become a $15.5 trillion industry by 2033, the World Travel & Tourism Council estimates. That would represent more than 11.6% of the global economy and a 50% jump from 2019. The industry group further predicts that some 430 million people will work in the industry—that’s 1 of every 9 jobs worldwide.
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• Closing Oil & Gas Prices for Monday
  Benchmark U.S. crude oil for September delivery...
  Benchmark U.S. crude oil for September delivery fell 53 cents to $80.72 a barrel Monday. Brent crude for October delivery fell 34 cents to $84.46 a barrel.
  
  Wholesale gasoline for September delivery fell 5 cents to $2.77 a gallon. September heating oil fell 4 cents to $3.12 a gallon. September natural gas rose 8 cents to $2.63 per 1,000 cubic feet.
  
  
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