I want this prediction to be right as much as anyone but I'll believe it when I see it.
RulesForTheNotForMe said:Numbers are a very very rough estimate... But using eia data. (https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPNM1&f=M)Fightin_Aggie said:DifferenceMaker Ag said:
New Mexico, New Hampshire and North Carolina are a pipe dream I think. Still, if the rest hold true.... landslide.
Oil and gas and fossil fuels will shift New Mexico. Probably 80% of leases are on Fed land that Biden will end
NM produces roughly 1 million bopd. Assume ~80% BLM has a decent Royalty Interest.
~365,000,000 barrels per year gross production
80% of gross can be allocated to BLM royalty pool= 292,000,000 barrels per year
Pretty sure all BLM leases are 25% NRI= 73,000,000 barrels per year
Current Market Rate @ $40/bbl: ~$3 billion
No new fracking and with average decline rates of 60-80%.... Not a pretty picture for all those social programs everyone in Santa Fe/Albuquerque love so much.
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. Can't wait for 2020 to get over and done with...)
oil and gas98Ag99Grad said:
Seriously, someone explain how NM goes for Trump.
Real reason:rab79 said:oil and gas98Ag99Grad said:
Seriously, someone explain how NM goes for Trump.
awesome, be sure to invite all your TexAgs friends hereReload8098 said:
If the Trumper pulls this off I'm throwing a party and everyone is going to be obnoxiously hammered. The crying would be epic.
ravingfans said:awesome, be sure to invite all your TexAgs friends hereReload8098 said:
If the Trumper pulls this off I'm throwing a party and everyone is going to be obnoxiously hammered. The crying would be epic.
Insurrection act far and wide for all the protestors.Rockdoc said:
And if it turns out that way, I really hope Trump hands out the punishment.
AgResearch said:Insurrection act far and wide for all the protestors.Rockdoc said:
And if it turns out that way, I really hope Trump hands out the punishment.
With no re-election to worry about, nationalize the national guard in any state or region with riots. Bring the pain to the rabble rousers.Rockdoc said:
And if it turns out that way, I really hope Trump hands out the punishment.