Offshore contractors continue to hemorrhage. EMAS is in death throes. Bibby will almost certainly close up shop everywhere but maybe for diving in U.K.
Cepe said:
You guys have time and money to go to a conference? Hope nobody notices back at work!
aggies12thman said:
API reported 14.2 Million crude build. 2.9mm gas.
If we get a bad EIA report tomorrow, hold on to your butts.
This means that inventories built by that amount. Generally an indicator of Supply and demand balance (or lack thereof)... Price could see a downward shock. But generally the shok is already felt (see the 2.5% drop this afternoon)Spaceship said:aggies12thman said:
API reported 14.2 Million crude build. 2.9mm gas.
If we get a bad EIA report tomorrow, hold on to your butts.
For someone new to the industry, can you explain what this means?
Buck Compton said:This means that inventories built by that amount. Generally an indicator of Supply and demand balance (or lack thereof)... Price could see a downward shock. But generally the shok is already felt (see the 2.5% drop this afternoon)Spaceship said:aggies12thman said:
API reported 14.2 Million crude build. 2.9mm gas.
If we get a bad EIA report tomorrow, hold on to your butts.
For someone new to the industry, can you explain what this means?
Geez, I know an exec that just went over there.....$$$$$$Goose06 said:
Parsley buying double eagle (which recently purchased Veritas I believe)
Buck Compton said:This means that inventories built by that amount. Generally an indicator of Supply and demand balance (or lack thereof)... Price could see a downward shock. But generally the shok is already felt (see the 2.5% drop this afternoon)Spaceship said:aggies12thman said:
API reported 14.2 Million crude build. 2.9mm gas.
If we get a bad EIA report tomorrow, hold on to your butts.
For someone new to the industry, can you explain what this means?
I need to post the results of this quarter's price predictions, but I'm not either. International demand isn't going to absorb domestic production and then the Fed is going to bump rates in late March to put even more downward pressure.AgLiving06 said:Buck Compton said:This means that inventories built by that amount. Generally an indicator of Supply and demand balance (or lack thereof)... Price could see a downward shock. But generally the shok is already felt (see the 2.5% drop this afternoon)Spaceship said:aggies12thman said:
API reported 14.2 Million crude build. 2.9mm gas.
If we get a bad EIA report tomorrow, hold on to your butts.
For someone new to the industry, can you explain what this means?
Jan was a bad month for gas/diesel sales even for it being a January. I'm not expecting anything positive until gas is in full blend down mode.
Quote:
Acquisition HighlightsPro Forma Company Highlights
- Approximately 71,000 net leasehold acres
- Estimated net production of approximately 3,600 Boe per day as of January 1, 2017
- 23 drilled uncompleted wells, variously targeting the Lower Spraberry, Middle Spraberry, Wolfcamp A, and Wolfcamp B formations, with an average lateral length of approximately 8,400 feet, valued at approximately $75-100 MM in aggregate
- Approximately 3,300 net horizontal drilling locations, including approximately 1,800 net locations in high priority target intervals (Lower Spraberry, Wolfcamp A, Wolfcamp B)
- Average lateral length of approximately 6,600 feet on acquired horizontal drilling locations; more than 40% of acquired horizontal drilling locations have lateral lengths of 7,500 feet or more
- Operating control on 80% of net horizontal drilling locations
- Incremental value potential through ongoing acreage trades, bolt-on acquisitions, and working interest buyouts; Double Eagle to assist with asset operation and handoff, as well as acreage trades and purchases after closing
- Consideration consists of approximately $1.4 billion of cash and approximately 39.4 million units of Parsley Energy, LLC (together with a corresponding number of shares of Parsley Energy class B common stock) valued at approximately $1.4 billion; Parsley intends to finance the cash portion of the consideration through equity and debt offerings announced concurrently with the acquisition
- Scheduled to close on or before April 20, 2017, subject to the satisfaction of customary closing conditions
- Approximately 227,000 net leasehold acres in the Permian Basin
- Approximately 179,000 net leasehold acres in the Midland Basin, representing the second-largest Midland Basin net acreage position among publicly traded E&P companies
- Approximately 7,900 net horizontal drilling locations, including approximately 4,300 net locations in well delineated, high value target intervals (Wolfcamp A, Wolfcamp B, and Lower Spraberry in the Midland Basin; Upper Wolfcamp in the Southern Delaware Basin)
- Sufficient acreage footprint to support more than 20 rigs focused on horizontal development
Goose06 said:
That map is different from the one above my last post and I agree, it includes the Veritas acreage
In case anyone hasn't seen, EIA reported an inventory build of 13.8 million... but a .9 million drawdown in gas.aggies12thman said:
API reported 14.2 Million crude build. 2.9mm gas.
If we get a bad EIA report tomorrow, hold on to your butts.
mts6175 said:
So who's out in Midland? Just accepted a new job out there, looks like I'm moving from Houston to Midland in a couple of weeks....
MROD92 said:
Anyone out there hiring NACE inspectors? I got a family member looking