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Houston..we have a problem....

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Cyp0111
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In reply to Dan Scott • 12:10p, 9/28/20
As a shareholder of Exxon I do not want them buying any additional shale ****cos which Devon is
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topher06
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10:39p, 9/28/20
Not surprisingly, Colorado's new completely partisan, executive branch created commission just ****ed the entire DJ Basin by passing a law giving effect to rules the Colorado voters rejected about a year ago. Honestly, it helps my company, but I would be so pissed if I worked at pdc, oxy or extraction (lol extraction).
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Brush Country Ag
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5:42a, 9/29/20
AG
Nat gas up to $2.74 ?! Going to be a cold winter??
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Cyp0111
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In reply to Brush Country Ag • 8:13a, 9/29/20
Monthly roll
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bkag9824
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In reply to topher06 • 9:57a, 9/29/20
AG
topher06 said:
Not surprisingly, Colorado's new completely partisan, executive branch created commission just ****ed the entire DJ Basin by passing a law giving effect to rules the Colorado voters rejected about a year ago. Honestly, it helps my company, but I would be so pissed if I worked at pdc, oxy or extraction (lol extraction).


Have a quick link so I don't have to google?
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Oh Four Five
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12:08p, 9/29/20
AG
I'm assuming he's referring to this.
https://www.bizjournals.com/houston/news/2020/09/27/colorado-oil-fracking-air-emissions-rules.html
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topher06
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In reply to bkag9824 • 12:56p, 9/29/20
bkag9824 said:
topher06 said:
Not surprisingly, Colorado's new completely partisan, executive branch created commission just ****ed the entire DJ Basin by passing a law giving effect to rules the Colorado voters rejected about a year ago. Honestly, it helps my company, but I would be so pissed if I worked at pdc, oxy or extraction (lol extraction).


Have a quick link so I don't have to google?
https://www.denverpost.com/2020/09/28/colorado-regulators-favoring-big-well-setbacks/

Didn't read this one, but discussing the matter. Could be a pro or anti industry slant on the article (guessing the latter, given its from Denver), not sure.
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Ag$08
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6:50p, 9/29/20
Anyone concerned about what Biden's proposed offshore drilling ban will do to Houston?
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In reply to Ag$08 • 6:54p, 9/29/20
Ag$08
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6:58p, 9/29/20
That's the difference between a slow death and an immediate death I suppose, but it'll have an immediate impact on drilling and engineering companies.
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In reply to Ag$08 • 7:06p, 9/29/20
one MEEN Ag
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7:15p, 9/29/20
AG
Offshore drilling ban in any capacity would just kill Houston. Return to offshore is supposed to be the long term play.
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topher06
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7:32p, 9/29/20
Theres really no way to sugar coat that a Biden presidency would not be good for Houston, at least insofar as Houston depends on the oil industry and the natural gas industry.
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7:53p, 9/29/20
topher06
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In reply to [removed post] • 10:32p, 9/29/20
third coast.. said:
A biden presidency would not be good for any part of america.

Not going to make it political, but for Texas energy it would clearly be terrible.
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tommyjohn
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10:37p, 9/29/20
Saying it and actually doing it are two separate things.
It is one of those things that gets thrown out there in a campaign but never taken seriously.

If he plans to build 500k charging stations we are going to need a lot of electricity generated.
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In reply to tommyjohn • 10:41p, 9/29/20
thepartygoat
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11:02p, 9/29/20
AG
Thought some of you might enjoy this. My COO sent me this.
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topher06
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In reply to tommyjohn • 11:08p, 9/29/20
tommyjohn said:
JSaying it and actually doing it are two separate things.
It is one of those things that gets thrown out there in a campaign but never taken seriously.

If he plans to build 500k charging stations we are going to need a lot of electricity generated.
Markets tanking following debates. Stocks somewhat, energy significantly.
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topher06
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In reply to [removed post] • 11:09p, 9/29/20
third coast.. said:
Well he strait said no new coal or gas power plants so better put a solar panel covered windmill on every house.
In fairness, he said coal or oil plants. He's either senile, pandering or doesn't understand where electricity comes from, but he did say oil not natural gas.
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In reply to topher06 • 11:14p, 9/29/20
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11:15p, 9/29/20
topher06
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In reply to [removed post] • 11:20p, 9/29/20
third coast.. said:
But the leader of the free world trying to implement radical power policy should understand the basic tenets of the industry more than some mongoloid merchant mariner.
Oh I agree. I consider my job over with a Biden presidency.
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Furlock Bones
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7:20a, 9/30/20
AG
Oasis Ch 11
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topher06
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In reply to Furlock Bones • 8:39a, 9/30/20
Furlock Bones said:
Oasis Ch 11
Love that executives at these zombie companies are always able to blame the Ch 11 on coronavirus. They couldn't weather even 6 months of a downturn. Anything other than strong oil prices would have made them fail almost immediately, apparently.
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Furlock Bones
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In reply to topher06 • 9:04a, 9/30/20
AG
well, i'm sure the new executives coming into to fix a bankrupt company will turn this thing around.

wait, it's the same team?

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MAROON
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9:33a, 9/30/20
AG
Superior Energy Services also files chp 11 today.

Both Oasis and SES are pre-packs so expect them to emerge pretty quickly.
What do you boys want for breakfast BBQ ?.....OK Chili.
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FarmerJohn
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In reply to [removed post] • 9:37a, 9/30/20
AG
It turns out that having no idea how things work doesn't disqualify someone from office in the public's eye. And after the Trump Presidency, I think you have to entertain the idea that whatever crazy thing someone says, they might in fact be serious. That's for better or worse.
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aggiecive
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In reply to topher06 • 9:37a, 9/30/20
AG
topher06 said:
Furlock Bones said:
Oasis Ch 11
Love that executives at these zombie companies are always able to blame the Ch 11 on coronavirus. They couldn't weather even 6 months of a downturn. Anything other than strong oil prices would have made them fail almost immediately, apparently.
but the headline was cool: Oasis Petroleum Takes Action to Strengthen Balance Sheet with the Support of its Lenders and an Ad Hoc Committee of Noteholders
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Dan Scott
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4:42p, 9/30/20
AG
https://www.houstonchronicle.com/business/energy/article/Shell-to-Cut-Up-to-9-000-Jobs-as-Virus-Forces-15608330.php
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BrokeAssAggie
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In reply to Dan Scott • 5:06p, 9/30/20
Dan Scott said:
https://www.houstonchronicle.com/business/energy/article/Shell-to-Cut-Up-to-9-000-Jobs-as-Virus-Forces-15608330.php


Shell has around 90K employees, that's not a deep cut.
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BourbonAg
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In reply to BrokeAssAggie • 5:20p, 9/30/20
AG
10% isn't a deep cut? It could definitely be worse (and might still be) but potentially 9000 layoffs is a lot.
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topher06
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In reply to FarmerJohn • 5:44p, 9/30/20
FarmerJohn said:
It turns out that having no idea how things work doesn't disqualify someone from office in the public's eye. And after the Trump Presidency, I think you have to entertain the idea that whatever crazy thing someone says, they might in fact be serious. That's for better or worse.

Yep, a significant part of the country thinks the Green New Deal is something that would benefit America.
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gougler08
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In reply to BourbonAg • 5:56p, 9/30/20
AG
BourbonAg said:
10% isn't a deep cut? It could definitely be worse (and might still be) but potentially 9000 layoffs is a lot.
It also doesn't count offshoring
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Drillbit4
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In reply to BrokeAssAggie • 6:24p, 9/30/20
AG
And it said the layoffs will be completed by end of 2022. Why stress your employees out for 2 years? So strange.
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