birdman said:

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If you are looking for a theme, I had a cool block of names that we never used.

I named them after Texas rivers. Rio Grande, Nueces, Brazos, Frio, Canadian, etc. That would get you 10 names easily. I also named them North to South, so the northernmost location was Canadian and the southernmost was the Rio Grande.

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Fivestones did this in Glasscock. Went to Energen. Now I believe Diamondback operates them.

We started out with largest mineral owner, section number, well number. After ~100 wells or so we started running into repeating mineral owner names, so we quit doing that.

Now we have prospect names, and the well names are related to the prospect name.

Just pick something with a lot of names. It's not hard.

We're coming up on ~300 wells drilled as a company. If anyone has an idea of names for a prospect that's not ridiculous, we just go with it. No one wants to spend time on well names anymore.

*Eni: Potential of Discovery Can Be Estimated at Between 1.5 Billion - 2 Billion Barrels of Oil in Place

— *Walter Bloomberg (@DeItaone) September 1, 2021

Sea Speed said:

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Here's an article about the folks stuck on the globetrotter

https://fox2now.com/news/national/drill-ship-crew-in-gulf-says-they-were-not-evacuated-for-hurricane-ida-still-stranded-with-no-rescue-in-sight/amp/

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Other than bad PR, does anything come from this? I can't fathom how scary that was. Unless they were injured I can't imagine they could sue even though they put them in extreme danger.

Does NexTier's completed acquisition of Alamo Pressure Pumping move the needle for anyone?

Comeby! said:

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AustinAg008 said:

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Anyone have a contact in the BD group at Comstock?

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I do. Send me a Pm.

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PM sent.

Thanks for clogging-up a once-interesting thread....
had to say it.

I'm sure heads will roll and people will get paid. The owner and shell have a duty to protect the people on board. If there is negligence found, and I assume a good lawyer can find some somewhere, it could probably get bad. While the storm did move fast, I think there was ample time to vacate the area, but of course won't know without all of the facts. If it is found that the well was taking precedence over the people you better believe some money is going to change hands.

Because no one died and there were only a couple injuries, maybe the folks on board might get some sort of settlement and opt out of legal action. I have a friend who was on a Fugro boat that sank and he received tens of thousands of dollars and signed certain rights away.

All I know is that I am incredibly relieved they made it through the storm with only the damage they had.

Class and flag will be all over that boat and whatever other regulatory bodies oversee the drillships these days as well. I think it was bsee when I left GoM. Probably others as well. I'd assume we will see a report outlining everything but as there was no loss of life, id imagine it kind of disappears from the public eye.

CVX trying to sell EF assets now. EF deals seeing more action now with EP, Lonestar selling this year too

U.S. OIL MAJOR CHEVRON CORP LOOKING TO SELL ITS EAGLE FORD BASIN ASSETS IN SOUTH TEXAS - SOURCES, DOCUMENTS$CVX

— *Walter Bloomberg (@DeItaone) September 3, 2021

Take Jan 21 HSC premium and add to nymex price deck. yessir

Alright this is pretty big, that Ingleside terminal is a big deal

https://www.bloomberg.com/news/articles/2021-09-07/enbridge-to-buy-moda-for-3-billion-in-bet-on-u-s-oil-exports

Quote:

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The deal includes Ingleside Energy Center, near Corpus Christi, Texas. Built in 2018, it's North America's largest crude export terminal, which loaded 25% of all U.S. Gulf Coast crude exports last year. Enbridge will also acquire a 20% stake the Cactus II Pipeline, which connects the Permian with the Gulf Coast, plus the Viola pipeline and the Taft Terminal.

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Wow. NG is ripping this morning.

Short folks getting wiped out.

AustinAg008 said:

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Wow. NG is ripping this morning.

Short folks getting wiped out.

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Here. Not only short, but levered short.

AustinAg008 said:

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Wow. NG is ripping this morning.

Short folks getting wiped out.

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Just wait….

Amazing how we can get a day when commodities bounce 1 - 5% yet the equities in energy companies do the exact opposite.....

Reality can only be ignored for so long...

$5 gas

What is causing the spike in nat gas?

MAROON said:

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MavsAg said:

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What is causing the spike in nat gas?

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much smarter people than me can comment - but what I read is global tight gas market, increasing demand for LNG exports, flat natural gas production, economic activity increasing faster than expected...

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So you're saying killing those pipeline projects may not have been smart in the long run.

Sure.

But what they are saying is the price is spiking because the focus is on exports because of tightening demand. Therefore it much harder to get supply regionally here domestically. There was a reason the pipelines were proposed. It wasn't lack of demand or an expectation to lose money.

Spike in NYMEX today is a little harder to pinpoint as opposed to yesterday's move. Cash markets have been weaker across the board today, so its not correlated to phys.

I assume the pipeline you are talking about is Keystone XL - it is a crude oil pipeline.

Atlantic Coast Pipeline & Mountain Valley are the 2 that come to mind for natural gas. I haven't kept up with it as much, but the constant legal challenges and regulations haven't been kind to any type of pipeline since 2009.

MavsAg said:

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What is causing the spike in nat gas?

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Huge reduction in hydropower due to drought in west.

AgLA06 said:

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Atlantic Coast Pipeline & Mountain Valley are the 2 that come to mind for natural gas. I haven't kept up with it as much, but the constant legal challenges and regulations haven't been kind to any type of pipeline since 2009.

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Atlantic Coast is fully canceled. Sold pipe to other projects.


Mountain Valley is still under construction. My specific spread will be going for several months before completion. No clue on others.



Other large gas pipelines delayed and or canceled over previous years are...
Constitution Pipeline (canceled)
EQT Southgate (no telling)
Whitewater BANGL (delay / cancelled)
PennEast (delay)
Alaska LNG (perm delay)
Driftwood (delay)

Several LNG feeds are scheduled, but they have been scheduled since the 2016 timeframe and never gone anywhere.

BCG Disciple said:

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AustinAg008 said:

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Wow. NG is ripping this morning.

Short folks getting wiped out.

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Here. Not only short, but levered short.

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Levered short position bought today as well. KOLD.

Saved for posterity.

So in a case like this, are there "though shall not flare" memos sent out?

Or is it just to difficult to switch strategies?

evestor1 said:

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AgLA06 said:

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Atlantic Coast Pipeline & Mountain Valley are the 2 that come to mind for natural gas. I haven't kept up with it as much, but the constant legal challenges and regulations haven't been kind to any type of pipeline since 2009.

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Atlantic Coast is fully canceled. Sold pipe to other projects.


Mountain Valley is still under construction. My specific spread will be going for several months before completion. No clue on others.



Other large gas pipelines delayed and or canceled over previous years are...
Constitution Pipeline (canceled)
EQT Southgate (no telling)
Whitewater BANGL (delay / cancelled)
PennEast (delay)
Alaska LNG (perm delay)
Driftwood (delay)

Several LNG feeds are scheduled, but they have been scheduled since the 2016 timeframe and never gone anywhere.

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Worked on Spread H for a while. Nice area, but a few too many crazies there.

evestor1 said:

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AgLA06 said:

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Atlantic Coast Pipeline & Mountain Valley are the 2 that come to mind for natural gas. I haven't kept up with it as much, but the constant legal challenges and regulations haven't been kind to any type of pipeline since 2009.

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Atlantic Coast is fully canceled. Sold pipe to other projects.


Mountain Valley is still under construction. My specific spread will be going for several months before completion. No clue on others.



Other large gas pipelines delayed and or canceled over previous years are...
Constitution Pipeline (canceled)
EQT Southgate (no telling)
Whitewater BANGL (delay / cancelled)
PennEast (delay)
Alaska LNG (perm delay)
Driftwood (delay)

Several LNG feeds are scheduled, but they have been scheduled since the 2016 timeframe and never gone anywhere.

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the MV pipeline by my inlaws has been sitting for years without being touched.

AgLA06 said:

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So in a case like this, are there "though shall not flare" memos sent out?

Or is it just to difficult to switch strategies?

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Yes, we had some stranded gas that now makes sense to tie in.