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Houston..we have a problem....
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Last: 1 hr ago by Bibendum 86
Whats the british equivalent to a Ford Raptor?David Wallace said:
UK is lifting the franking ban they instituted back in 2019.
City Rovers for everyone!
Nature abhors a vacuum. Finally signs of new money entering the oil field.
https://www.wsj.com/articles/warwick-seeks-750-million-for-new-oil-patch-bets-11662544801
https://www.wsj.com/articles/warwick-seeks-750-million-for-new-oil-patch-bets-11662544801
Would be interested to see what LPs partner up with those guys after last rounds .
Surprised this hasn't been posted here yet. Pretty large position in Andrews/Martin County mostly operated by COP. I know OVV, PXD, FANG and now DE4 have a piece of it too. Will be interested to see how this shakes out.
https://www.reuters.com/business/energy/family-could-sell-huge-texas-oil-tracts-sources-2022-09-01/
https://www.reuters.com/business/energy/family-could-sell-huge-texas-oil-tracts-sources-2022-09-01/
The Mabees bent CXO/COP et al over with some of their lease amendments/renewals with threats of lawsuits. Will be interesting to see how this shakes out. I could see COP throwing a lot of money at it to increase their NRI, but also get the Mabees out of their way.
AustinAg008 said:
Oil getting hammered this AM.
Back up
How did DE4 get back in there?PETE2019 said:
Surprised this hasn't been posted here yet. Pretty large position in Andrews/Martin County mostly operated by COP. I know OVV, PXD, FANG and now DE4 have a piece of it too. Will be interested to see how this shakes out.
https://www.reuters.com/business/energy/family-could-sell-huge-texas-oil-tracts-sources-2022-09-01/
Wow. If LPs want to re enter the space, I can't think of a worse place to park money than with them...techno-ag said:
Nature abhors a vacuum. Finally signs of new money entering the oil field.
https://www.wsj.com/articles/warwick-seeks-750-million-for-new-oil-patch-bets-11662544801
AustinAg008 said:Wow. If LPs want to re enter the space, I can't think of a worse place to park money than with them...techno-ag said:
Nature abhors a vacuum. Finally signs of new money entering the oil field.
https://www.wsj.com/articles/warwick-seeks-750-million-for-new-oil-patch-bets-11662544801
What's the history for those of us unfamiliar?
Think it may have been a favor from PXD but not sure. I believe it's just a single DSU so not much runway but they had two rigs on it recently. Not sure if they're still there or not
Thank you for the support!
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DDSO
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That dude dies swiftly after winning. Just saying.
Sea Speed said:
That dude dies swiftly after winning. Just saying.
This oilfield's gonna kill me, I tell you .
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I see that Van Buren is being replaced by Wael Sawan at Shell. For those closer to the situation, was this always the plan from back when they moved Sawan from Upstream Director to renewables? A PR move while the transition was happening behind the scenes? Or does this really signal the transition in focus for Shell that I'm getting from most articles?
it was obvious to me that Wael was going to be a candidate at some point. he was moving rapidly up the leadership ladder. he hasn't been in his current role very long, but I didn't anticipate Ben leaving either really.
Wael is a pretty no nonsense kind of guy, I've met him once in person. hard to say yet though how much our strategy might change with him at the helm.
Wael is a pretty no nonsense kind of guy, I've met him once in person. hard to say yet though how much our strategy might change with him at the helm.
U.S. agents raid deepwater driller's office
https://www.worldoil.com/news/2022/9/15/u-s-agents-raid-deepwater-driller-s-office-in-rare-move-after-oil-spill/
https://www.worldoil.com/news/2022/9/15/u-s-agents-raid-deepwater-driller-s-office-in-rare-move-after-oil-spill/
Work with a guy who was employed there previously. He told me about this a couple weeks back and the whole back story about how internal compliance had identified and encouraged self reporting, management didn't, got busted, then signed NPA and kept on skirting rules. Said he was very happy to get out of there
Anyone have a good pressure vessel fabricator connection ?
Know more R and U stamp shops than I care to. Bought from local mom and pops in the Permian to the bid dogs in Oklahoma and Houston.
Quick search shows 247 U stamp shops in Houston alone. That said, only a handful can do a 200' 300k pound SS vessel.
PM me with more details.
Quick search shows 247 U stamp shops in Houston alone. That said, only a handful can do a 200' 300k pound SS vessel.
PM me with more details.
agdaddy04 said:
Anyone have a good pressure vessel fabricator connection ?
Where?
agdaddy04 said:
Anyone have a good pressure vessel fabricator connection ?
Yeah, where is it needed? I work on a O&G upgrade / projects team and we've got tons of vendors globally we give tenders to for all kinds of jobs like PVs; HP piping, etc...
agdaddy04 said:
Anyone have a good pressure vessel fabricator connection ?
BWFS
William grant
Vtech
Gemstar
Nitrolift
Eaton metals
Modular
Pm me and I can get you contact information for all of them. They each have their speciality, size and metallurgy, but there is a lot of overlap.
I'm in Colorado, project in CA. But it's a large enough job that we need a solid company more so than local.
Like the others said, size and metallurgy is the next question.
eaton Metals offices in Denver and builds in southern Idaho.agdaddy04 said:
I'm in Colorado, project in CA. But it's a large enough job that we need a solid company more so than local.
Wheels are spinning about which midstream op you work for. Enlink?
The Kings of the Permian!
WSJ: Private Oil Drillers Are Hitting Their Limits
Pretty interesting WSJ article. They believe the growth of privates is levelling out and they're going to have to start consolidating via accusations. Main reason being they're already running out of top inventories. Also stating supply chain issues.
Pretty interesting WSJ article. They believe the growth of privates is levelling out and they're going to have to start consolidating via accusations. Main reason being they're already running out of top inventories. Also stating supply chain issues.
Quote:
After growing rapidly, most smaller producers now have, on average, around six years of drilling locations that could generate returns at low prices, according to data provided to The Wall Street Journal by energy analytics firm Enverus Inc. Energy executives say those limitations will likely lead them to slow their drilling.
Also found this stat pretty crazy:Quote:
The constraints will likely lead many private producers to level out activity or sell themselves to larger companies that would temper their growth, executives and analysts say. A pullback could crimp overall U.S. oil production. Private producers hold around one-fifth of the Permian's most valuable acreage, analysts say.
Quote:
Smaller producers are running half the rigs in the Permian but only have roughly 20% of the area's drilling inventory.
That's kind of scary long term.htxag09 said:
Also found this stat pretty crazy:Quote:
Smaller producers are running half the rigs in the Permian but only have roughly 20% of the area's drilling inventory.
ConfidentAg
York pointing out LSU plays before the ball is snapped
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AtticusMatlock
Rich man's Kellen Mond -or- Poor man's Lamar Jackson
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