They needed to mention the amount of land (sq miles) required for solar/wind equivalent to a normal 800MW gas fire power plant.thepartygoat said:
Thought some of you might enjoy this. My COO sent me this.
Houston..we have a problem....
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Last: 3 days ago by Bibendum 86
Which is what, specifically for solar? I'm curious
This can't be overstated. Municipalities and states are going full bore towards 100% renewables, which is not possible with green-washing. Once you green wash, it's a zero sum game. If you "buy" a renewable credit on a balance sheet, that's less renewable energy in the real world evailalbe for someone else.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.
At the end of the day, it's all about a pie in the sky fantasy without consideration to cost, reliability, available technology, or impact on the environment elsewhere. As long as one liberal leader can claim that they have 100% renewable energy (which they really don't).
Lonestar Resources files for Chapter 11
https://seekingalpha.com/news/3618814-lonestar-resources-files-for-chapter-11
https://seekingalpha.com/news/3618814-lonestar-resources-files-for-chapter-11
Not good when your new CEO doesn't know the name of the play you are in.
McKinney remarked: "The Northwest Shelf and Central Basin Plateau are proven assets that offer years of exceptional growth."
Ring Appoints New CEO
Ring has to go through an in-court process imo.
third coast.. said:Drillbit4 said:
And it said the layoffs will be completed by end of 2022. Why stress your employees out for 2 years? So strange.
Everyone knows holding layoffs over employees heads is an excellent way to boost production.
Gives your best employees two years and motivation to find another job. But you may not actually have to lay anyone off if the best 10% of your workforce leaves....
Oil in the crapper.
AustinAg008 said:
Oil in the crapper.
Any bad news for Trump is going to hit oil and, to a lesser extent, gas very hard. So as not to be too political, I'll leave it there.
Ha. This thread needs more political banter....topher06 said:AustinAg008 said:
Oil in the crapper.
Any bad news for Trump is going to hit oil and, to a lesser extent, gas very hard. So as not to be too political, I'll leave it there.
Everyone will now be looking to Saudi to see if makes good on his "ouchie" comment about sellers bringing down the market...
Looks like it might get worse soon. Companies that are heavy liquids have a very long road ahead of them, hopefully some can make it through.AustinAg008 said:
Oil in the crapper.
Looks like oil traders like the Trump recovery and hurricane potential this week...
Another hurricane headed right up the gut of the Gulf. I assume this will cause large shut ins?
Boat Shoes said:
Another hurricane headed right up the gut of the Gulf. I assume this will cause large shut ins?
Market might get concerned about refineries as well so could see a dip because of that as well.
I'm hearing Solich is out at Fourpoint.
300 laid off at Pioneer today. How many layoffs have they had this year?
Drillbit4 said:
I'm hearing Solich is out at Fourpoint.
Wonder how that looks for his carry in Double Point?
One in 2020 and one in 2019.
Drillbit4 said:
I'm hearing Solich is out at Fourpoint.
any more insight on this? I'm not seeing/hearing that anywhere. would be a big shake up...Drillbit4 said:
I'm hearing Solich is out at Fourpoint.
BackRoad Dan said:any more insight on this? I'm not seeing/hearing that anywhere. would be a big shake up...Drillbit4 said:
I'm hearing Solich is out at Fourpoint.
I heard it in a board meeting from the CEO. But have no verification.
Anyone here work at H&P? I just applied for the district engineer position and hoping to get my information to the right people. Thanks!
China, the world's top crude oil importer, took in 11.8 million barrels per day (bpd) of oil in September, up 5.5% from August and up 17.5% from a year earlier, customs data showed.
"Currently, oil demand is driven primarily by China," Commerzbank said.
The International Energy Agency (IEA) - which advises Western governments on energy policy - said in its World Energy Outlook that in its central scenario a vaccine and therapeutics could mean the global economy rebounds in 2021 and energy demand recovers by 2023.
But under a "delayed recovery scenario", it said the energy demand recovery is pushed back to 2025.
"The era of global oil demand growth will come to an end within the next 10 years, but in the absence in a large shift in government policies, I don't see a clear sign of a peak," IEA chief Fatih Birol told Reuters.
Interesting read today. Sounds like China is slowly coming out of its hole.
"Currently, oil demand is driven primarily by China," Commerzbank said.
The International Energy Agency (IEA) - which advises Western governments on energy policy - said in its World Energy Outlook that in its central scenario a vaccine and therapeutics could mean the global economy rebounds in 2021 and energy demand recovers by 2023.
But under a "delayed recovery scenario", it said the energy demand recovery is pushed back to 2025.
"The era of global oil demand growth will come to an end within the next 10 years, but in the absence in a large shift in government policies, I don't see a clear sign of a peak," IEA chief Fatih Birol told Reuters.
Interesting read today. Sounds like China is slowly coming out of its hole.
Rumors swirling that COP buying CXO.
AustinAg008 said:
Rumors swirling that COP buying CXO.
jetch17 said:AustinAg008 said:
Rumors swirling that COP buying CXO.
Buying or merge?
interesting. As a COP shareholder, not crazy about this.
AustinAg008 said:
Rumors swirling that COP buying CXO.
Love to hear more about this.
https://financialpost.com/pmn/business-pmn/conocophillips-in-talks-to-buy-concho-resources-in-big-shale-bet
https://www.bloomberg.com/news/articles/2020-10-14/conocophillips-is-said-to-be-in-talks-to-buy-concho-resources
https://www.bloomberg.com/news/articles/2020-10-14/conocophillips-is-said-to-be-in-talks-to-buy-concho-resources
Quote:
ConocoPhillips is in talks to acquire rival Concho Resources Inc., according to people familiar with the matter, as the largest independent energy producer looks to make a bold bet on U.S. shale during an historic industry downturn.
The companies could announce a deal in the next few weeks, said the people, who asked to not be identified because the matter isn't public. No final decision has been made and talks could fall through.
Just when I thought this thread was getting too quiet...
Leaks like that get out because they don't want the deal to go through, or they want to see what the market reaction is.
That's not just a banker with inside knowledge letting something slip.
That's not just a banker with inside knowledge letting something slip.
It's interesting because COP about a year ago decided they were going to completely shift their focus away from the Permian.
You rang?
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