August 15, 20232 yr If Enverus is to be believed, 1/3 of the remaining PUDs in the EF asset were EF PUDs and the rest were AC wells. Despite all the early back slapping over AC results in 2021 and early 2022, the 18 month results on those wells weren’t as promising as the experts thought and it is looking less and less like a widely developable formation and more and more like a location specific endeavor.
August 21, 20232 yr More consolidation: Permian Resources buying Earthstone for $4.5B. https://www.ogj.com/general-interest/companies/article/14297917/permian-resources-to-acquire-earthstone-energy PRC will now have close to 400K acres between TX and NM.
August 24, 20232 yr CLS gonna drill a total of 12 wells from this pad in the Bakken - two already did their spud thing last week. Drill baby, drill !
August 25, 20232 yr That’s because they know we’re heading back to $120 and the SPR release artificially keeping price down are over.
August 25, 20232 yr 37 minutes ago, Porterhouse said: That’s because they know we’re heading back to $120 and the SPR release artificially keeping price down are over. Or Harold Hamm is needing to write another billion dollar check to a pissed off woman.
August 25, 20232 yr 4 minutes ago, Armybrat said: Or Harold Hamm is needing to write another billion dollar check to a pissed off woman.
August 25, 20232 yr 3 hours ago, Armybrat said: CLS gonna drill a total of 12 wells from this pad in the Bakken - two already did their spud thing last week. Drill baby, drill ! Think you can get pics of the diff stages? Frac, wireline, coil?
August 25, 20232 yr 1 minute ago, jeevsie said: Think you can get pics of the diff stages? Frac, wireline, coil? No, that one was taken by a landman who just sent it to my family members. He happened to be in the area and snapped a couple, but probably won’t be back there until everything is completed. He has a working interest in that project.
August 25, 20232 yr Aw, man. Field pics are cool.I regret not going to take photos before leaving the oil company I was working for. But I think they would have wanted to own the photos.
August 26, 20232 yr 23 hours ago, Patricio Swayze said: I regret not going to take photos before leaving the oil company I was working for. But I think they would have wanted to own the photos. Undoubtedly, they are all greedy.
August 27, 20232 yr On 8/25/2023 at 7:58 AM, jeevsie said: Aw, man. Field pics are cool. Here are some I took last time I went up to Waskom.
August 30, 20232 yr Taken from atop the shale shaker on my conventional drill well location in northern Zapata County a couple years ago...still producing 1 MM/d as of today. (I'm a geologist). Another view looking up at the doghouse and the derrick w/ stacked drill pipe. Edited August 30, 20232 yr by Wilcox Cummingtonite
August 30, 20232 yr That well paid out in ~5 months. When gas prices were going batshit crazy in 2022.
August 31, 20232 yr 3 hours ago, Wilcox Cummingtonite said: Taken from atop the shale shaker on my conventional drill well location in northern Zapata County a couple years ago...still producing 1 MM/d as of today. (I'm a geologist). Another view looking up at the doghouse and the derrick w/ stacked drill pipe. Why are the shakers so far away from the flowline?
August 31, 20232 yr 16 hours ago, Fudge Nuggets said: Why are the shakers so far away from the flowline? Mudpits I guess then?...I'm just the subsurface geo guy lol. I know next to nothing about well pads.
September 1, 20232 yr 1 hour ago, Storm the Field said: WTI up $6 on the week to $86, highest price level of 2023 to date. Still feels like summer @The Royal We
September 2, 20232 yr Anybody have a read on if callon is on the acquisition block from a big dog. Seen some mention, own some shares is why I’m curious
September 6, 20232 yr Don’t know who a buyer would be. They don’t have meaningful accretive production or inventory. Maybe a take private candidate?
September 7, 20232 yr Saw Enbridge bought someone for $14bn today. Also, from the NYT thought this was interesting on higher gas prices due to production cuts from OPEC: For the Biden administration, “the only thing they can pretty much do to counteract Saudi cuts is to bring more oil into the market from other countries,” León said. “Iran and Venezuela are the best candidates,” he added, even if it’s politically unpalatable to fully reopen talks with them.
September 7, 20232 yr Speaking of Chevron. I see they bought a large amount of land in Cypress for an R&D center. Anyone know the deal on that? I suspect the home prices are going to jump in the area.
September 7, 20232 yr I read a press release saying it’s supposed to be a r&d campus for the new energies business. https://www.prnewswire.com/news-releases/chevron-acquires-over-77-acres-in-bridgeland-central-301917343.html
September 12, 20232 yr WTI walking up the driveway, getting ready to knock on the door of $90 this morning.
September 14, 20232 yr Get ready for Mandela's release from prison, the Exxon Valdez spill, and the reunification of East and West Germany. It's officially '90 again!
September 15, 20232 yr Valdez was 1989. You could have gone with Buster Douglas whoops Mike Tyson’s ass, which interesting enough was the same day Mandela got out of the joint.
September 15, 20232 yr Anyone have insider info on White Water Midstream? Got a job possibly lined up with them, but not sure if I want to leave my company. Being in this business for almost 20yrs, I always see these midstream companies being gobbled up by the big dogs once projects are done. My employer now is known for scooping these assests up. Just conflicted since I don't know a ton about them.
September 18, 20232 yr https://abc7ny.com/amp/climate-change-protest-wall-street-nyc-fossil-fuel-march/13796232/ Losers.
September 20, 20232 yr Anyone have insider info on White Water Midstream? Got a job possibly lined up with them, but not sure if I want to leave my company. Being in this business for almost 20yrs, I always see these midstream companies being gobbled up by the big dogs once projects are done. My employer now is known for scooping these assests up. Just conflicted since I don't know a ton about them. They seem to good at what they do. They’ve built their pipes on time & customers seem to be happy with them. They have some other projects in the pipeline. I was impressed with their execs, when we met with them.
September 25, 20232 yr 13 hours ago, Boss Hogg said: he should write sternly-worded letters. they're at least more effective.
September 25, 20232 yr Lego ditches oil-free brick in sustainability setback World’s biggest toymaker says new material made from recycled bottles would have bigger carbon footprint https://www.ft.com/content/6cad1883-f87a-471d-9688-c1a3c5a0b7dc?
September 27, 20232 yr $100 around the corner. Gas likely to remain hampered by slightly high storage levels. Really need a cold winter. Probably low in the short term and pretty damn volatile.
September 27, 20232 yr $100 around the corner. Gas likely to remain hampered by slightly high storage levels. Really need a cold winter. Probably low in the short term and pretty damn volatile. My xle and vde say bring it baby!
September 27, 20232 yr 33 minutes ago, Porterhouse said: $100 around the corner. Gas likely to remain hampered by slightly high storage levels. Really need a cold winter. Probably low in the short term and pretty damn volatile. Re oil: this framing makes sense to me.
October 4, 20232 yr Sharp uptick in interest rates seems to have taken the wind out of the recent upswing for WTI. Down $7 in the past 5 trading days, back to $86. On the flipside, natty has a 3 handle for the first time since January.
October 5, 20232 yr Offshore GOM lease sale postponed from last week to Nov 8 basically due to obscure and questionable whale environmental proposed regulation. New 5 year plan for the outer continental shelf just came out (finally) and feds are proposing one lease sale every other year for GOM and nothing in Cook Inlet. The last 5 year plan had two lease sales a year and that was kind of nuts, but every other year is a bit too few. Maybe one day we can get back to some level of consistency again. I'm all for offshore wind and renewables and energy diversification, but don't deliberately bite the hand that feeds you.
October 5, 20232 yr Edit - well fuck me I swear I was on the alt investment thread when I replied. Delete use ban post. Magic cards. And make sure to cross the (nerd)streams. I present to you what happens when mtg, Tolkien, and greed mix: “I’ll take it,” said Post Malone who is well known for his ardent and deep-pocketed love of Magic: The Gathering. We don’t know how much he paid for the card, but it was probably a lot of money, with reports valuing it between $1 and 2 million. Edited October 5, 20232 yr by UT_OB1
October 5, 20232 yr On 9/27/2023 at 11:08 AM, Porterhouse said: $100 around the corner. Gas likely to remain hampered by slightly high storage levels. Really need a cold winter. Probably low in the short term and pretty damn volatile. biden is the second best o/g president ever !
October 5, 20232 yr On 10/4/2023 at 10:37 AM, Storm the Field said: Sharp uptick in interest rates seems to have taken the wind out of the recent upswing for WTI. Down $7 in the past 5 trading days, back to $86. On the flipside, natty has a 3 handle for the first time since January. Make that $11 now, back down to $82.50.
October 6, 20232 yr Looks like XOM takeover of Pioneer is coming to fruition. From WSJ:Exxon Mobil [uS:XOM] is closing in on a deal to buy Pioneer Natural Resources, [uS:PXD] a blockbuster takeover that could be worth roughly $60 billion.A deal could be sealed in the coming days, assuming the talks don’t hit a last-minute snag, people familiar with the matter said.After posting record profits in 2022, Exxon has been flush with cash and exploring options that would push it deeper into West Texas shale.An acquisition of Pioneer, with a market cap of around $50 billion, would likely be Exxon’s largest deal since its megamerger with Mobil in 1999. It would give Exxon a dominant position in the oil-rich Permian Basin of West Texas and New Mexico, a region the oil giant has said is integral to its growth plans.The Wall Street Journal reported in April that the two companies were holding preliminary talks.Exxon has a market value of $436 billion, so the deal, which would be the biggest takeover of the year, should be easily doable.
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