Houston..we have a problem....

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Cyp0111
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In reply to Gig-Em2003 • 8:08p, 1/31/23
less than $2.50 MCF with current key basin differentials will not compel natural gas focused production growth.

I'm of opinion most stuff in current inflationary market (D&C, increased debt financing costs with SOFR run up, other items) really pushes the healthy growth levels to $4.50.
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twilly
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1:47a, 2/1/23
AG

Ranger fans you're not dreaming! The Rangers are the World Series Champions!
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Charlie Murphy
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7:55a, 2/1/23
Time to re-do those Electric plans? I got smoked on the last one.
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Boat Shoes
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In reply to Charlie Murphy • 10:29a, 2/1/23
AG
Charlie Murphy said:
Time to re-do those Electric plans? I got smoked on the last one.


I was having the same thought. Have the low natural gas prices trickled through to the electricity rates yet? Or is there some lag time?
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one MEEN Ag
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In reply to Boat Shoes • 1:49p, 2/1/23
AG
Boat Shoes said:
Charlie Murphy said:
Time to re-do those Electric plans? I got smoked on the last one.


I was having the same thought. Have the low natural gas prices trickled through to the electricity rates yet? Or is there some lag time?
My take is that the average texagger suburban home follows this general path. Total yearly consumption of 27,000 kwh. If you got stuck with 16 cents/kwh thats $4320 a year in electricity costs. Ouch. Renewing right now to 12 cents/kwh is $3240. Thats a $1080 in savings. Thats an easy take even with a $200+ cancellation fee.

Every cent the price moves down would net the average texagger $270 a year.

I think the prices are going to go down to 11-10 cents a kwh all in. We're not ever going back to the 6-7cent days with the liability that wind/solar and the ERCOT price spiking model creates for our grid.

Maybe give it a month or so. I checked a few weeks ago and the best price was 12.6c/kwh. Its already down to 12 now.

I use www.texaspowerguide.com to buy the best plan. Its like a DIY energy ogre. Only costs $10 to reveal the best plan.
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Charlie Murphy
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2:33p, 2/1/23
Nice!
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Engine10
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In reply to one MEEN Ag • 9:24p, 2/1/23
AG
This is my plan - die to renew in March but I'm gonna hold a bit more, then lock in for as long as I can find
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Ogre09
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In reply to one MEEN Ag • 7:55a, 2/3/23
AG
Is that retail cost, or are you including Centerpoint's T&D charge?
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one MEEN Ag
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In reply to Ogre09 • 9:05a, 2/3/23
AG
Ogre09 said:
Is that retail cost, or are you including Centerpoint's T&D charge?
Thats the total cost of delivery. Includes the T&D charge.

On that website, you can play with it if you want to exclude the T&D cost. In my mind, excluding the T&D cost is just mental masturbation to see a lower number, as it doesn't reflect the actual cost coming out of your wallet.

The website is free to play around, $10 to reveal the best plan. They de-monkeyify the games the plans play to show you the straightforward, all in, average cost. I'm not a big fan of trying to re-obscure that cost by pulling out the T&D.
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DripAG08
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10:17a, 2/6/23
AG
Oil below 70 this week?
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Fredd
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In reply to DripAG08 • 10:21a, 2/6/23
AG
AustinAg008 said:
Oil below 70 this week?


What's going on? There was a huge 5% swing down on Friday within a hour
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Cyp0111
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10:31a, 2/6/23
I could understand the natty move to an extent with the combination of record production, freeport down and storage levels being high with mild winter.


Crude feels different and more macro fund positioning and maybe some USD strength.


Kinda like Natty- I dont see how the current crude curve (albeit flat) incentivizes production increases.
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Sporty Spice
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11:55a, 2/6/23
AG
My team's hiring in Dallas for anyone interested. Senior Financial Analyst at a PE-backed midstream company. PM me if you have any questions or are interested.
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Dreigh
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In reply to DripAG08 • 2:26p, 2/6/23
Been up, then down, then up again…just today. These are strange times, indeed. Where we go from here…who knows?
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cajunaggie08
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1:28p, 2/16/23
AG
Bump to keep this on the first page.
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dahouse
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1:47p, 2/16/23
AG
We're hiring too. Gas distribution company looking for a civil engineer with a couple years experience. PM me and I can get the listing over to you.

Our company has really good benefits and we work a flex schedule (M&F home, T/W/T in office)

Cody
Fightin Texas Aggie c/o 04
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TheVarian
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1:50p, 2/16/23
AG
Anyone looking for a Supply chain specialist? Have inventory and category management experience, accounting, offshore/onshore, pipeline, turnarounds, cost avoidance and savings experience, and buying.

Located in Houston
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Sporty Spice
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In reply to TheVarian • 3:31p, 2/16/23
AG
Yes, I'll message you.
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htxag09
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In reply to TheVarian • 3:51p, 2/16/23
AG
TheVarian said:
Anyone looking for a Supply chain specialist? Have inventory and category management experience, accounting, offshore/onshore, pipeline, turnarounds, cost avoidance and savings experience, and buying.
dang, we just hired a couple category managers to end 2022.....good luck

I told them to try to wait for post bonus season to get more candidates
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topher06
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5:22a, 2/17/23
Will Freeport LNG ever actually be allowed to restart?
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txaggie_08
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In reply to topher06 • 6:01a, 2/17/23
AG
I thought it already did? Heard first shipment went out earlier this week, pretty sure.
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Cyp0111
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In reply to txaggie_08 • 6:02a, 2/17/23
They've restarted
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txaggie_08
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6:06a, 2/17/23
AG
Looks like the first shipment was just clearing out what has been sitting there for the last 8 months:

https://www.rigzone.com/news/sleeping_gulf_coast_giant_begins_stirring-16-feb-2023-172080-article/?amp

Quote:
"BP's Kmarin Diamond (previously British Diamond) was on hand to free up space in the facilities LNG tanks after they were granted permission to discharge existing volumes that had been stored since the shutdown, about 330,000m3. The tanker promptly loaded and departed on February 11, 2023, enroute to Egypt," McClain added.
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ThreeFive
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In reply to topher06 • 7:44a, 2/17/23
AG
topher06 said:
Will Freeport LNG ever actually be allowed to restart?
They restarted last Saturday.
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TommyGun
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In reply to TheVarian • 10:13a, 2/17/23
AG
TheVarian said:
Anyone looking for a Supply chain specialist? Have inventory and category management experience, accounting, offshore/onshore, pipeline, turnarounds, cost avoidance and savings experience, and buying.

Located in Houston


We've got a supply chain sourcing position open at my company. Large midstream company downtown. What's your email?
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TheVarian
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In reply to TommyGun • 10:19a, 2/17/23
AG
Thank you!
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TommyGun
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In reply to TheVarian • 10:21a, 2/17/23
AG
Got it. I'll send you an email
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Farmer1906
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In reply to TheVarian • 11:02a, 2/17/23
AG
TheVarian said:
Anyone looking for a Supply chain specialist? Have inventory and category management experience, accounting, offshore/onshore, pipeline, turnarounds, cost avoidance and savings experience, and buying.

Located in Houston
Have a procurement specialist position that should be posted soon. DM if interested.
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Skillet Shot
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5:24a, 2/22/23
What are the O&G salary raises looking like these days? Specifically for public companies in technical/engineering positions. I thought it would be higher with record profits and inflation, but most still got the same 3% this year.
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BrokeAssAggie
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In reply to Skillet Shot • 5:56a, 2/22/23
Skillet Shot said:
What are the O&G salary raises looking like these days? Specifically for public companies in technical/engineering positions. I thought it would be higher with record profits and inflation, but most still got the same 3% this year.


I'm at a smaller private and think I got ~3.5 to 4%
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BiochemAg97
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In reply to Skillet Shot • 6:20a, 2/22/23
AG
Skillet Shot said:
What are the O&G salary raises looking like these days? Specifically for public companies in technical/engineering positions. I thought it would be higher with record profits and inflation, but most still got the same 3% this year.


In theory, record profits should be shared with employees through bonuses rather than raises. Raises increase future costs and would make layoffs in the next downturn bigger.
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planoaggie123
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In reply to BiochemAg97 • 7:22a, 2/22/23
AG
Agree.

We are getting near record bonus this year (paid in March 2023 for 2022 results).

We then will likely get a 3% inflation (last year was like 4%) adjustment this year.

As for anything beyond that, usually is driven by market analysis which is pretty intensive and I believe every 3 years.
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Maverick06
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7:24a, 2/22/23
AG
6% COLA on Jan 1.

2-4% as part of market merit next week.

Edit: I'll see bonus numbers for my team next week payable on March 10 so not sure what that number looks like yet.
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planoaggie123
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In reply to Maverick06 • 7:59a, 2/22/23
AG
What was your COLA the prior year if 6% this year?

Wondering if i am under-estimating what ours could be this year.

I am curious how long employers will keep up with this higher rates or will they eventually balk and see if people leave?
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Maverick06
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In reply to planoaggie123 • 8:04a, 2/22/23
AG
First time ever getting COLA that I know of. Our usual yearly raises are more than 2% though.
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