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Gordo14
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In reply to BigLeftMiss08 • 11:17p, 9/29/22
BigLeftMiss08 said:
Yep, great company and know a lot of good people at many levels.

Those guys print $$$$$


Honestly, best run money in the Permian by far - and I never worked there. I've always been impressed by their ability to make land moves and to see through the bull**** public companies get caught up in.
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Cyp0111
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In reply to Gordo14 • 8:31a, 9/30/22
Agree, fantastic group of people, long term vision, and very pragmatic at every step of the company. Amazing what you can do when you're not a pe portco with a limited horizon or a public company.
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one MEEN Ag
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In reply to AgLA06 • 8:42a, 9/30/22
AG
AgLA06 said:
So what business do they do in Tulsa and Oklahoma City?
As a side note, the formations in OKC are worse than the ones in texas/new mexico.

Operators and Joe Blow's Drilling Co have been losing money on the SCOOP/STACK for a long while now.

Not to say they don't produce oil or make money in that state. But its not on the same level.
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SidetrackAg
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In reply to one MEEN Ag • 9:27a, 9/30/22
AG
one MEEN Ag said:
AgLA06 said:
So what business do they do in Tulsa and Oklahoma City?
As a side note, the formations in OKC are worse than the ones in texas/new mexico.

Operators and Joe Blow's Drilling Co have been losing money on the SCOOP/STACK for a long while now.

Not to say they don't produce oil or make money in that state. But its not on the same level.
A lot of them are hard as hell to drill, or atleast the ones ive been on and around.
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Fredd
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In reply to SidetrackAg • 9:31a, 9/30/22
AG
SidetrackAg said:
one MEEN Ag said:
AgLA06 said:
So what business do they do in Tulsa and Oklahoma City?
As a side note, the formations in OKC are worse than the ones in texas/new mexico.

Operators and Joe Blow's Drilling Co have been losing money on the SCOOP/STACK for a long while now.

Not to say they don't produce oil or make money in that state. But its not on the same level.
A lot of them are hard as hell to drill, or atleast the ones ive been on and around.


Username fits
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SidetrackAg
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In reply to Fredd • 9:59a, 9/30/22
AG
Fredd said:
SidetrackAg said:
one MEEN Ag said:
AgLA06 said:
So what business do they do in Tulsa and Oklahoma City?
As a side note, the formations in OKC are worse than the ones in texas/new mexico.

Operators and Joe Blow's Drilling Co have been losing money on the SCOOP/STACK for a long while now.

Not to say they don't produce oil or make money in that state. But its not on the same level.
A lot of them are hard as hell to drill, or atleast the ones ive been on and around.


Username fits
Ahh, someone that finally figured it out
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Pasquale Liucci
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In reply to SidetrackAg • 12:18p, 9/30/22
AG
SidetrackAg said:
Fredd said:
SidetrackAg said:
one MEEN Ag said:
AgLA06 said:
So what business do they do in Tulsa and Oklahoma City?
As a side note, the formations in OKC are worse than the ones in texas/new mexico.

Operators and Joe Blow's Drilling Co have been losing money on the SCOOP/STACK for a long while now.

Not to say they don't produce oil or make money in that state. But its not on the same level.
A lot of them are hard as hell to drill, or atleast the ones ive been on and around.


Username fits
Ahh, someone that finally figured it out
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AgLA06
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In reply to one MEEN Ag • 1:17p, 9/30/22
AG
one MEEN Ag said:
AgLA06 said:
So what business do they do in Tulsa and Oklahoma City?
As a side note, the formations in OKC are worse than the ones in texas/new mexico.

Operators and Joe Blow's Drilling Co have been losing money on the SCOOP/STACK for a long while now.

Not to say they don't produce oil or make money in that state. But its not on the same level.


Last I checked companies don't have to perform work in a place just because their corporate headquarters is there. Just ask Continental.
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Cyp0111
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In reply to AgLA06 • 1:45p, 9/30/22
All things considered, OKC is a good town for oil and gas. Decent cost of living, not the Houston wage inflation, and people will stick if you are d
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Fredd
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In reply to Cyp0111 • 4:21p, 9/30/22
AG
Cyp0111 said:
All things considered, OKC is a good town for oil and gas. Decent cost of living, not the Houston wage inflation, and people will stick if you are d


As a transplant from Houston living in the OKC area, I can confirm it is a great place to live. Low cost of living, minimal traffic, huge lots under 30 mins from downtown, good people, gets cooler faster in the fall, etc.
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Premium
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5:56p, 10/2/22
AG
$82
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11:58a, 10/4/22
AG
$86
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techno-ag
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In reply to Premium • 12:35p, 10/4/22
AG
Premium said:
$86
And the Saudis haven't announced how much they're cutting yet.
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Cyp0111
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In reply to techno-ag • 12:38p, 10/4/22
they're floating 2m/d but it's hard to tell if that is from quotas which well under or if a combination of quota reduction and cut to Saudi, Kuwait, UAE.
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DripAG08
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10:27a, 10/5/22
AG
Adios Biden.

Even though the cuts seem meaningless when OPEC+ can't make the quotas, just the optics are bad enough to hit him hard enough.
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topher06
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10:33a, 10/5/22
So is 2MM/day quota cut official? Agree it is pretty meaningless since they weren't going to produce it anyway. Once draining the SPR is done right after elections, we should see some additional supply side pressure.
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Cyp0111
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10:58a, 10/5/22
Since the 2MM was spread largely pro-rata it equates to a real production cut of roughly 1mmbl/d. You couple that with easing SPR releases into end of year you have 2mbbl/d in lost "production".

I think the wildcard in the market is china reopening.

From my vantage point I see US production largely stalled out here and do not see growth.
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htxag09
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3:32p, 10/5/22
AG
Random question but what kind of services do any of yall use for market info/forecasting? All the way from down in the weeds with steel indices to macro level like Wall Street Journal….
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techno-ag
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In reply to htxag09 • 4:58p, 10/5/22
AG
I like SeekingAlpha and WSJ.
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In reply to Premium • 2:54p, 10/6/22
AG
Premium said:
$86
$89
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In reply to Premium • 9:58a, 10/7/22
AG
Premium said:
Premium said:
$86
$89


$91, but new question. How high is too high?

Wish Democrats would change their position on energy independence right about now….
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SpreadsheetAg
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10:03a, 10/7/22
AG
Brent $97
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Cyp0111
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In reply to SpreadsheetAg • 10:13a, 10/7/22
I think the market is a $80-100 WTI market. I know that is wide but you still have a strong USD and macro weakness.
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topher06
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In reply to Premium • 10:27a, 10/7/22
Premium said:
Premium said:
Premium said:
$86
$89


$91, but new question. How high is too high?

Wish Democrats would change their position on energy independence right about now….
I do think it is heading there, but I think $100 is too high and gives an easy headline to the media to recommence tearing down oil and natural gas. Plenty of hay to be made at $90.
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techno-ag
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In reply to topher06 • 10:32a, 10/7/22
AG
With the shock to the market coming after the election, I imagine we'll stay above $100 for a while.
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LMCane
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11:14a, 10/7/22
what happens when our SPR has been completely drained

Israel is forced to attack Iran

China completely opens up

and Venezuela can only deliver "dirty" oil that California will refuse to accept?
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AgLA06
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In reply to LMCane • 11:18a, 10/7/22
AG
1) You should see if you can get that in a parlay from your bookie, because the odds all happening are an extreme longshot.

2) We'd get to see how committed Commiefornia is to their politics.
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LRHF
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11:18a, 10/7/22
AG
Guess it's about time to fill the SPR up again at $100/ bbl. Nothing to see here...
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txaggie_08
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In reply to LMCane • 1:23p, 10/7/22
AG
LMCane said:
what happens when our SPR has been completely drained

Israel is forced to attack Iran

China completely opens up

and Venezuela can only deliver "dirty" oil that California will refuse to accept?

Would California care as long as it's not produced on their backyard?
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Jaydoug
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3:33p, 10/7/22
AG
Come someone please explain like I'm a 11 year old why we "won't be drilling" at $90 oil?
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PeekingDuck
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In reply to Jaydoug • 3:41p, 10/7/22
AG
Publics were told to drill through cash flow and that's it. ESG has prevented anything else except for the privates. Now the world gets to see what that looks like.
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htxag09
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3:45p, 10/7/22
AG
Unless I'm missing something, people will drill at $90. Who's saying people won't drill at $90?

Expand? No. But that ship has pretty much sailed, at least for short term. Same for exploratory drilling.
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AgLA06
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In reply to PeekingDuck • 4:00p, 10/7/22
AG
PeekingDuck said:
Publics were told to drill through cash flow and that's it. ESG has prevented anything else except for the privates. Now the world gets to see what that looks like.


https://institutional.rbcgam.com/en/us/responsible-investment/our-approach?utm_dc=ga_SEG_12235856637_115861415943_538880889015_kwd-70646388_m_g_&gclid=Cj0KCQjwnP-ZBhDiARIsAH3FSRdMPkFvSvM1wsMaEbQ0yh0PUK4LpI3OzPhn4pBsUyiYbYW45d6OfwEaArqQEALw_wcB

They may have eroded middle and lower class buying power and pushed us into a recession, but damned if they can't have a nifty PR drop about how awesome they are by not investing in US energy dependence.
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Comeby!
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In reply to htxag09 • 6:29p, 10/7/22
AG
htxag09 said:
Unless I'm missing something, people will drill at $90. Who's saying people won't drill at $90?

Expand? No. But that ship has pretty much sailed, at least for short term. Same for exploratory drilling.


No capital. Even PE is having a tough time raising a fund. Too much uncertainty.
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Premium
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In reply to Premium • 10:36p, 10/7/22
AG
Premium said:
Premium said:
Premium said:
$86
$89


$91, but new question. How high is too high?

Wish Democrats would change their position on energy independence right about now….


$93
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