June 7, 20196 yr 22 hours ago, DCA_HORN said: 23 hours ago, Dr. Beeper said: What is the allure of a relatively small British offshore producer? Well it's a driller not producer but yeah that's not a great market going forward. I hear ya. Wish I would have cut my losses on DO when they were in the teens a few months back.
June 7, 20196 yr My biggest concern as a small operator would be regulatory changes after 2020 on fugitive methane emissions causing expensive retrofits on existing facilities. Is this in the works or just a hypothetical? I haven't heard anything about this.
June 7, 20196 yr 21 minutes ago, Dr. Beeper said: Can you explain more what you mean? As the oil goes through the pressure drops at each separation vessel lighter carbon chains will turn to gas. Once the oil hits the tanks it is exposed to the lowest pressure so the last bit of gas will release from the oil. This is what causes the shrinkages of oil volumes from well head to tank. The lighter the oil the more gases will flash out.
June 7, 20196 yr 2 minutes ago, DCA_HORN said: 1 hour ago, Archer said: My biggest concern as a small operator would be regulatory changes after 2020 on fugitive methane emissions causing expensive retrofits on existing facilities. Is this in the works or just a hypothetical? I haven't heard anything about this. I would say hypothetical currently but I could see it being pushed harder especially if the harder left takes control of the Democratic Party. There are already environmental groups taking NM state employees to wellsites with FLIR guns to show them the horrors of methan emissions. https://www.edf.org/media/report-new-mexicos-methane-problem-worsens-permian-production-soars
June 7, 20196 yr Here’s the article with the NM State Commissioner https://earthworks.org/media-releases/commissioner-garcia-richard-inspects-permian-pollution/ Another article from 2 days ago about the NM Govenor starting the reviews on methane https://www.edf.org/media/new-mexico-begins-effort-reduce-methane-pollution-and-waste It is a definite risk especially in the bluer states.
June 7, 20196 yr Just do what every other small operator does and vent your tanks to atmosphere. “Sorry mr inspector man, my lease operator must have left the hatch open when gauging tanks this morning. You know, he’s a contractor and it’s hard to find good help these days. I’d be surprised if he even made that battery in the past week!”What could go wrong?
June 7, 20196 yr The deal we are looking at is in Texas, but is higher gravity. I had not heard this but appreciate you bringing it to my attention. It's not going to be an issue in Texas. We are flaring something like 600 mmcfpd as it is. I assume this is conventional gulf coast type assets?
June 7, 20196 yr 37 minutes ago, Dr. Beeper said: The deal we are looking at is in Texas, but is higher gravity. I had not heard this but appreciate you bringing it to my attention. Like DCA said Texas should be safe unless the Feds step in with the EPA. If you were curious you could see if the current operator has done any FLIR surveys or go out and do them yourself. I probably wouldn’t until forced to...
June 7, 20196 yr Even TECQ is getting pretty damn harsh with fugitive emissions. It's a automatic Title V. However, like all government agencies they are under staffed so it's a lot of self reporting.
June 10, 20196 yr 3 minutes ago, Horns99 said: Comstock buying Covey Park for 2.2 B Sent from my iPhone using Tapatalk How bout them Cowboys!
June 11, 20196 yr 2 hours ago, Dr. Beeper said: Y’all hear about the Midland home invasion news? Tragic on a few levels. well...we're waiting/gif
June 11, 20196 yr I'm assuming this is what you're talking about: https://marfapublicradio.org/blog/a-week-after-a-midland-officer-is-shot-and-killed-questions-remain/ CEO of Unitex Oil and Gas shot and killed a MIdland Police Officer responding to an alarm at his house back in March. Was indicted 2 weeks ago on Manslaughter charges.
June 12, 20196 yr Anyone here think it’s reasonable to apply hyperbolic decline curve analysis on shallow conventional Permian production? How long have the wells been producing?
June 12, 20196 yr Without seeing the data, after the first year it should be a pretty low b factor but you could make an argument to use a hyperbolic.
June 13, 20196 yr Looks like Iran torpedoed an oil tanker today. How long until this really gets out of hand?
June 19, 20196 yr On 6/11/2019 at 3:51 PM, Storm the Field said: I'm assuming this is what you're talking about: https://marfapublicradio.org/blog/a-week-after-a-midland-officer-is-shot-and-killed-questions-remain/ CEO of Unitex Oil and Gas shot and killed a MIdland Police Officer responding to an alarm at his house back in March. Was indicted 2 weeks ago on Manslaughter charges. Haven't checked this thread in a while, but just want to add that David is just about the nicest and most genuine guy you could ever meet. I actually know him and some of the extended family of the officer that he mistakenly shot. I say mistakenly, because there is no way he did it on purpose.
June 19, 20196 yr On 6/11/2019 at 8:04 PM, Dr. Beeper said: Anyone here think it’s reasonable to apply hyperbolic decline curve analysis on shallow conventional Permian production? Haven't done it in a bit, but for those type of well, I typically go with a hybrid of hyperbolic for the initial decline then go with logarithmic one it looks like its starting to level out and stabilize.
June 19, 20196 yr On 6/11/2019 at 11:25 PM, Dr. Beeper said: Generally between 1-7 years. Is it on secondary recovery?
June 21, 20196 yr The most bullish thing about NG at this point is positioning, CTAs are almost max short at this point. 3 out of 4 really loose misses on storage in the last month. It’s a pig. We’ll bounce, sure, but it will be of the dead cat variety.
June 21, 20196 yr 38 minutes ago, JimmyTwoTimes said: The most bullish thing about NG at this point is positioning, CTAs are almost max short at this point. 3 out of 4 really loose misses on storage in the last month. It’s a pig. We’ll bounce, sure, but it will be of the dead cat variety. Yep. That and we could be at a sun spot max these next 18 months. Winter could be brutal this year
June 25, 20196 yr WTI futures nearing $59 after API reports a big crude drawdown of 7.5M this week. If EIA confirms tomorrow, we may be back in the 60's.
June 26, 20196 yr -12.79 vs -2.54 expected WTI -1.0 vs +.54 expected gasoline -2.44 vs + .52 distillates WTI 59.74
July 1, 20196 yr On 6/11/2019 at 3:51 PM, Storm the Field said: I'm assuming this is what you're talking about: https://marfapublicradio.org/blog/a-week-after-a-midland-officer-is-shot-and-killed-questions-remain/ CEO of Unitex Oil and Gas shot and killed a MIdland Police Officer responding to an alarm at his house back in March. Was indicted 2 weeks ago on Manslaughter charges. Indicted? Why not paid time off?
July 1, 20196 yr On 6/26/2019 at 9:40 AM, Trey3216 said: -12.79 vs -2.54 expected WTI -1.0 vs +.54 expected gasoline -2.44 vs + .52 distillates WTI 59.74
July 4, 20196 yr I have a very good buddy who consults wherever oil is drilled, from the Bakken to Kuwait, and he pulls $2000 per day. He probably works 200 days or so per year. I have no idea why he still does it.Does he want a lackey?
July 4, 20196 yr Quote I have no idea why he still does it. I think I might have a lead on that... Quote he pulls $2000 per day And he learns great things in his travels, like Lexus does not make a convertible. Infinity ONLY! Edited July 4, 20196 yr by Cajun
July 4, 20196 yr 12 hours ago, tx 3 putt said: Weird times Indeed. Disappointing draw ends up with a green number for WTI. Go figure.
July 4, 20196 yr On the downstream side, the entire chemical industry is headed towards a deep downturn
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.