Oscar Wyatt...there's a name I haven't heard in a long time!
You scared it, back down to $7.8. None of this really matters though as long as the tail remains depressed - that has improved quite a bit, but still just like $4. Should clarify - doesn't result in much increased production.jetch17 said:
Over $8 now
agdaddy04 said:
This may be a shot in the dark but does anyone on here know of someone that would stock or could get some Mobil Aero HF fluid (4 55 gallon drums) within a week or so?
They are trying to burn that bridge so that they can get an Iran Nuke dealLRHF said:
Doesn't look like Biden can convince the Saudis to pump more oil...
https://www.foxnews.com/politics/white-house-quits-asking-saudis-more-oil-verbal-dust-up-top-official
agdaddy04 said:
Aeroshell? I did send that information to Denver Water to see if they'll approve. Sometimes they can be pretty picky. I noticed it has extremely similar properties though. I'll be in touch if they approve.
Had someone tell me that $100 isn't magical anymore ... would need to see $125 for another boomElAmericano said:
Where do yall see rig counts going this year if we maintain >$100/bbl oil?
jagvocate said:Had someone tell me that $100 isn't magical anymore ... would need to see $125 for another boomElAmericano said:
Where do yall see rig counts going this year if we maintain >$100/bbl oil?
jagvocate said:Had someone tell me that $100 isn't magical anymore ... would need to see $125 for another boomElAmericano said:
Where do yall see rig counts going this year if we maintain >$100/bbl oil?
Putting aside supply chain and finance issues, wondering how long mental barriers to expanding will last. After a while people are going to start realizing they're leaving money on the table. Or, in the ground as it were.Premium said:jagvocate said:Had someone tell me that $100 isn't magical anymore ... would need to see $125 for another boomElAmericano said:
Where do yall see rig counts going this year if we maintain >$100/bbl oil?
On our way this morning
I agreed they are barriers in my post. My point is aside from that I think there's a mental barrier in stakeholders at o&g. Sometimes the mindset can be a higher obstacle than practical considerations.Cyp0111 said:
umm, finance/shareholder and supply chain are the barriers. I think you see more A&D than full throttle drilling holes.
Yup. Eventually $100+ barrels are going to start whittling those attitudes down. The longer high oil stays with us the more people are going to start looking for ways to drill.Cyp0111 said:
yes- i see and talk to that side regularly. It's quite simple for mgmt. teams, if you grow too much or what is considered recklessly by either your equity or debt holders you're out.