How long does 50 mm barrels last with current US consumption ? 3 days ?

Or how about where will the oil be released/shipped? I understand it's headed to China and India and we have Democrat politicians wanting to restrict exports.

Hearing a Marcellus player is sniffing around… maybe EQT

I have heard the same

Black Friday strikes again!

Is anyone in US Open Hole wireline on here?

Wait, this is a thing…. Today???

Looks like 'Brandon' has found his club for oil prices--pump up the COVID fear.

fixer said:

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Looks like 'Brandon' has found his club for oil prices--pump up the COVID fear.

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I don't think the public is gonna fall for it again.

It might not impact our public but it will continue to affect other countries public. Shutting down countries again. Australia still has limited travel to and from and it isn't the only one. I'm curious what current CBD real occupancy rates are. I know that some have gone back, but for instance, I know that my company has gotten out of like 50% of its real estate because of some layoffs, but also because there aren't plans for people to ever come back. IEA estimates oil demand returns to pre-covid levels by end of 2022 but I think that is optimistic

I'm sure someone here has an idea of if there are some kinds of issues with oil demand being depressed while natural gas demand is soaring. Obviously there is not enough gas in the right places currently but is that going to continue or is there some ability to get some pure or mostly pure gas plays on line. I know that gas facilities that I work with are doing whatever they can to increase production at any cost. Replacing limiting factors to push the limit on the platforms.

Hoping that OPEC+ can turn things around this week with some cuts but they aways seem to underdeliver in situations like this.

Anyone here have experience using composite pipe (Flexsteel) for gas lift lines? Curious if there are any concerns

we use flexpipe for a lot of our new flowlines on our wellpads, and other applications.

don't know offhand what the limits are for pressures in that kind of gas lift service. also the flexpipe we use has vents at the ends to allow venting of gas that permeates through the inner lining. not sure if that would be suitable in lines for gas lift service or if that even matters

thepartygoat said:

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Anyone here have experience using composite pipe (Flexsteel) for gas lift lines? Curious if there are any concerns

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We use flexsteel in 600class service for gas lift injection in NM.

Looks like were just going to continue to move sideways in the 60-70s until COVID is over.

This SPR move was dumb. Not filling it in 2019 was super dumb. Being short on oil if there some military action in the world is mega dumb.

I also think the longer we move sideways, the less likely this is a massive jump to 120+.

Nat gas, tanking due to warmer winter. 2nd warmest December on record.

Dan Scott said:

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Nat gas, tanking due to warmer winter. 2nd warmest December on record.

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Good for humanity though since people were going to be screwed by high prices and supply constraints.

First week of Dec has been low heating demand but that's about to change next week.

Where? Next two weeks in the upper midwest look warmer than normal

Just heard Strike LLC filed for bankruptcy. Pretty big midstream player going down.

ChemAg15 said:

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Just heard Strike LLC filed for bankruptcy. Pretty big midstream player going down.

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Aren't they just a construction company? Not really a midstream company. Maybe I'm wrong.

Yes they are construction. They don't operate but they're one of the bigger pipeline construction players.

Yeah they are a construction company but pretty much entirely pipeline related services. Definitely a victim of the midstream slump.

Every time we quoted strike they were at least double the lowest price if not triple. I never understood how some of the operators around us were using them.

We have used a lot of the composite brands for gas lift with good success. Only issue we have had is with the cyclic loading and vibration separating pipe layers downstream of compressors. I don't think we have had this issue with flexsteel only on the fiberglass composites. We went back and modified the pipe downstream of compressors to have longer steel pipe runs before we transition to the spoollable products.

Strike is a big player in the pipeline/facility construction game. I thought they had an investment group swoop in and pump money to keep going. That's a big domino to fall