SN spending billions on that field but up 25 percent. is this short covering or real appreciation?
Houston..we have a problem....
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Last: 8 hrs ago by TxAg20
Perhaps the market likes that fact that they got it for $2.3B versus the $3.0B that was rumored three months ago. Can't argue with the impact of the deal from an SN perspective.
Goose06 said:
Wpx buying panther
http://www.wpxenergy.com/news-and-media/press-releases/pressrelease.aspx?id=ae660e4a-9d5c-4f51-81af-535893e66bba
Hearing rumors XTO bought BOPCO.
Noble Energy to acquire Clayton Williams Energy for $2.7 billion
https://globenewswire.com/news-release/2017/01/16/906082/0/en/Noble-Energy-to-Acquire-Clayton-Williams-Energy.html
Increases Delaware Basin acreage by 120,000 net acres
https://globenewswire.com/news-release/2017/01/16/906082/0/en/Noble-Energy-to-Acquire-Clayton-Williams-Energy.html
Increases Delaware Basin acreage by 120,000 net acres
hope claytie decides hand over a piece of that pie to his alma mater.
Furlock Bones said:
hope claytie decides hand over a piece of that pie to his alma mater.
Just lay back and enjoy it
Football facilities are due for an upgrade.
rdclarke said:Goose06 said:
Wpx buying panther
http://www.wpxenergy.com/news-and-media/press-releases/pressrelease.aspx?id=ae660e4a-9d5c-4f51-81af-535893e66bba
Hearing rumors XTO bought BOPCO.
announced today, $5.6 billion
Not surprised. When CWI started selling off leases around BCS a while back, figured some kind of change was coming.Zemira said:
Noble Energy to acquire Clayton Williams Energy for $2.7 billion
https://globenewswire.com/news-release/2017/01/16/906082/0/en/Noble-Energy-to-Acquire-Clayton-Williams-Energy.html
Increases Delaware Basin acreage by 120,000 net acres
Found this rather annoying. Powered by wind is manipulative marketing, and second, you brought wind power in when your entire backyard is in the middle of one of the largest natural gas finds in the world. If you really wanted to make an impact in the local community, pretty sure you guys can fill in the blank......
https://www.facebook.com/zuck/posts/10103423050206741
https://www.facebook.com/zuck/posts/10103423050206741
Diversification of the energy supply is a good thing. But, I wonder where the wind farm is. Did they just sign a power purchase agreement with a wind farm in west Texas and claim it is all good.mts6175 said:
Found this rather annoying. Powered by wind is manipulative marketing, and second, you brought wind power in when your entire backyard is in the middle of one of the largest natural gas finds in the world. If you really wanted to make an impact in the local community, pretty sure you guys can fill in the blank......
https://www.facebook.com/zuck/posts/10103423050206741
I always find the 100% wind power amusing. It isn't like they runs wires straight to your site. Wind farms dumps electricity on grid just like everyone else, and a site pulls electricity off the grid just like everyone else. Seems like if you are going to pretend all your electricity coming from some distant wind farm, you should somehow account for the transmission line losses over the distance between the wind farm and the site.
mts6175 said:
Found this rather annoying. Powered by wind is manipulative marketing, and second, you brought wind power in when your entire backyard is in the middle of one of the largest natural gas finds in the world. If you really wanted to make an impact in the local community, pretty sure you guys can fill in the blank......
https://www.facebook.com/zuck/posts/10103423050206741
The one that bugs the **** out of me is the Facebook video circulating the claim that Las Vegas is now 100% powered by renewable energy. The very fine print is that only municipal buildings are powered by renewables, the rest of the city is thanks to the traditional fossil fuels.
that wouldn't be smug enough
BiochemAg97 said:Diversification of the energy supply is a good thing. But, I wonder where the wind farm is. Did they just sign a power purchase agreement with a wind farm in west Texas and claim it is all good.mts6175 said:
Found this rather annoying. Powered by wind is manipulative marketing, and second, you brought wind power in when your entire backyard is in the middle of one of the largest natural gas finds in the world. If you really wanted to make an impact in the local community, pretty sure you guys can fill in the blank......
https://www.facebook.com/zuck/posts/10103423050206741
I always find the 100% wind power amusing. It isn't like they runs wires straight to your site. Wind farms dumps electricity on grid just like everyone else, and a site pulls electricity off the grid just like everyone else. Seems like if you are going to pretend all your electricity coming from some distant wind farm, you should somehow account for the transmission line losses over the distance between the wind farm and the site.
Yep, exactly why I said it's nothing but manipulative marketing.
And I don't disagree with diversification of our energy sources, jist see a big opportunity missed to really "help" a community.
Not getting my hopes up.
http://www.offshoreenergytoday.com/woodmac-deepwater-will-spring-back-to-life-in-2017/
http://www.offshoreenergytoday.com/woodmac-deepwater-will-spring-back-to-life-in-2017/
I'd be interested to know what some of the projects they are counting are. But 50% more of 0 is still 0...
terradactylexpress said:
I'd be interested to know what some of the projects they are counting are. But 50% more of 0 is still 0...
MD2
Does anyone here have any contacts at E&P companies that are located in Corpus? Specifically a G&G contact, but any lead would help.
Underrated postQuote:
Just lay back and enjoy it
Can anyone add commentary if oil field jobs, particularly in South Texas, have started to increase and what you think will be the oil field job activity over next 6 months. Thanks
Is this CuppyCup with a name change?
La Salle County...sure have seen an uptick in oilfield traffic over the past couple of months. Haven't seen that many rigs, but service companies, belly dumps and oil field related 18 wheelers have increased pretty dramatically over the last 60 days. Can't tell you why...just an uninformed observation.cappycap said:
Can anyone add commentary if oil field jobs, particularly in South Texas, have started to increase and what you think will be the oil field job activity over next 6 months. Thanks
AgLA06 said:terradactylexpress said:
I'd be interested to know what some of the projects they are counting are. But 50% more of 0 is still 0...
Mad dog? Just competed some CP work for that last month
MD2
Yes. Subsea hardware was awarded last week.
who got the work ?AgLA06 said:
Yes. Subsea hardware was awarded last week.
I heard OneSubsea took it in the shorts to get something to do. Supoosedly at a loss. I Haven't seen any specifics yet.
seriously doubt they bid it at a lossAgLA06 said:
I heard OneSubsea took it in the shorts to get something to do. Supoosedly at a loss. I Haven't seen any specifics yet.
nevermind
Ragoo said:seriously doubt they bid it at a lossAgLA06 said:
I heard OneSubsea took it in the shorts to get something to do. Supoosedly at a loss. I Haven't seen any specifics yet.
I would have thought so as well last year, but supposedly their backlog is almost empty and it's better to have BP pay for 90% of your cost than to either have people do nothing or lay off key personnel.
Again I haven't seen any specifics. Just what I had heard from a competitor that should know. Doesn't mean it isn't sour grapes.
Schlumberger had their call this morning. The OneSubea Backlog according to the report is $2.5 billion as of year end. I don't think that fits the description you just gave. I think that is probably one of the better backlogs in the industry.AgLA06 said:Ragoo said:seriously doubt they bid it at a lossAgLA06 said:
I heard OneSubsea took it in the shorts to get something to do. Supoosedly at a loss. I Haven't seen any specifics yet.
I would have thought so as well last year, but supposedly their backlog is almost empty and it's better to have BP pay for 90% of your cost than to either have people do nothing or lay off key personnel.
Again I haven't seen any specifics. Just what I had heard from a competitor that should know. Doesn't mean it isn't sour grapes.
$ 2.5 B is really not great for a company the size of One. You also have to understand the nature of the backlog. Most of their work is many year long massive projects that are probably very mature. Possibly most of the engineering work is done, a lot of the manufacturing is done etc. They probably have a YUGE hole in their front end areas like the project guys and the engineering guys. These are the ones that are hardest to get in good times and most well run companies will do what it takes to keep the good ( young) engineering types .cruzdoggie said:Schlumberger had their call this morning. The OneSubea Backlog according to the report is $2.5 billion as of year end. I don't think that fits the description you just gave. I think that is probably one of the better backlogs in the industry.AgLA06 said:Ragoo said:seriously doubt they bid it at a lossAgLA06 said:
I heard OneSubsea took it in the shorts to get something to do. Supoosedly at a loss. I Haven't seen any specifics yet.
I would have thought so as well last year, but supposedly their backlog is almost empty and it's better to have BP pay for 90% of your cost than to either have people do nothing or lay off key personnel.
Again I haven't seen any specifics. Just what I had heard from a competitor that should know. Doesn't mean it isn't sour grapes.
Many companies are hiring again in south Texas. There seems to be a positive outlook on the future, but I'm not getting my hopes up too much yet.cappycap said:
Can anyone add commentary if oil field jobs, particularly in South Texas, have started to increase and what you think will be the oil field job activity over next 6 months. Thanks
Has supply decreased much over the past few months? Or is this increase emotionally driven because of recent politics (Trump, OPEC announcement last month, etc)?
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