Houston..we have a problem....

7,434,153 Views | 28852 Replies | Last: 4 hrs ago by Stat Monitor Repairman
XXaggie
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
4:50p, 3/27/23
Yikes the market today
Reply Quote
1
oilandgas13
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:46a, 3/29/23
Anyone here work at Hess and could give some insight? Posting under a sock.
Reply Quote
BrokeAssAggie
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to oilandgas13 • 9:10a, 3/29/23
oilandgas13 said:
Anyone here work at Hess and could give some insight? Posting under a sock.


I worked with a Geologist who retired from Hess. He would always say "Hess is a mess". That's all I got.
Reply Quote
MarleyFeed97
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:35a, 3/29/23
AG
Anyone else at DUG Haynesville today?
-MarleyFeed97
Reply Quote
birdman
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to oilandgas13 • 12:43p, 3/29/23
oilandgas13 said:
Anyone here work at Hess and could give some insight? Posting under a sock.

Abbreviation for Holidays Evenings Saturdays Sundays
Reply Quote
6
barney94
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to oilandgas13 • 1:21p, 3/29/23
AG
Worked in house with them for a year as a consultant. Culture is very old school and top down. Wouldn't be my first choice by any stretch, but each opportunity is unique.
Reply Quote
Jbob04
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
1:39p, 3/29/23
AG
Comstock Oil and Gas is still punching holes and building new locations in my area in central Texas. 18-20k ft horizontal gas wells.
Reply Quote
1 edit
Goose06
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Jbob04 • 1:45p, 3/29/23
AG
What area is this?
Reply Quote
DripAG08
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Jbob04 • 1:50p, 3/29/23
AG
Jbob04 said:
Comstock Oil and Gas is still punching holes and building new locations in my area in central Texas. 18-20k ft horizontal wells.
Completing them or just DUC's?
Reply Quote
BrokeAssAggie
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to DripAG08 • 1:55p, 3/29/23
AustinAg008 said:
Jbob04 said:
Comstock Oil and Gas is still punching holes and building new locations in my area in central Texas. 18-20k ft horizontal wells.
Completing them or just DUC's?
They have two rigs drilling East of Franklin right now.
Reply Quote
topher06
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to BrokeAssAggie • 1:58p, 3/29/23
Could just be an in-term rig contract.
Reply Quote
gigem1223
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
2:03p, 3/29/23
They're not spending that kind of money to drill those monster Robertson county wells for them to just sit.
Reply Quote
2
Jbob04
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Goose06 • 2:09p, 3/29/23
AG
Goose06 said:
What area is this?

NW Leon county and they've been busy in Robertson county next door as well.
Reply Quote
Jbob04
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to DripAG08 • 2:12p, 3/29/23
AG
AustinAg008 said:
Jbob04 said:
Comstock Oil and Gas is still punching holes and building new locations in my area in central Texas. 18-20k ft horizontal wells.
Completing them or just DUC's?

From what I know, they have completed the ones in Robertson county and will do the same to the new wells in Leon county.
Reply Quote
Cyp0111
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Jbob04 • 7:23p, 3/29/23
They prob deserve to go bankrupt
Reply Quote
Jbob04
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:30p, 3/29/23
AG
Looks like Comstock's biggest investor is Jerry Jones. Owns over 75%
Reply Quote
jetch17
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Jbob04 • 7:34p, 3/29/23
AG
Jbob04 said:
Looks like Comstock's biggest investor is Jerry Jones. Owns over 75%


No way
Reply Quote
7
Jbob04
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to jetch17 • 7:41p, 3/29/23
AG
lol I guess this is common knowledge on here. My bad
Reply Quote
gigem1223
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Cyp0111 • 8:04p, 3/29/23
Cyp0111 said:
They prob deserve to go bankrupt


Helluva thing to say but not surprising coming from you
Reply Quote
11
BrokeAssAggie
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Cyp0111 • 8:15p, 3/29/23
Cyp0111 said:
They prob deserve to go bankrupt


Company is probably older than you are and has survived way worse than this.
Reply Quote
10
Cyp0111
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:30p, 3/29/23
Bankruptcy is just a transfer of ownership to debt holders. It's natural evolution in oil and gas.
Reply Quote
The D
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to oilandgas13 • 10:16p, 3/29/23
AG
oilandgas13 said:
Anyone here work at Hess and could give some insight? Posting under a sock.


I do. Feel free to DM me
Reply Quote
3
MAROON
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:47a, 3/30/23
AG
Talk to me about bank credit line redeterminations. I assume most are in May?

What % cut do you expect for say a majority nat gas company vs a majority oil production co?
What do you boys want for breakfast BBQ ?.....OK Chili.
Reply Quote
Sims
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:58a, 3/30/23
AG
We're not in production but do build production equipment so we don't have any reserve based lending.

With that being said, our lender just bumped our LOC up Y/Y 60%. Our financials and backlog must have pleased their underwriter. Not sure how it translates to a RBL line but not everyone is sour on the energy space.
Reply Quote
2
Gig-Em2003
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:58a, 3/30/23
AG
RBL capacity is not changing much. Gas guys very well hedged in first few years (more than oil guys) and bank price decks did not run up compared to the strip last year so banks had a lot of cushion last fall. Less cushion today, no doubt, but borrowing bases holding steady so far this spring.
Reply Quote
2
Ag CPA
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to BrokeAssAggie • 11:59a, 3/30/23
AG
BrokeAssAggie said:
Cyp0111 said:
They prob deserve to go bankrupt


Company is probably older than you are and has survived way worse than this.
They would have gone BK by now if Jerry hadn't stepped in.
Reply Quote
Cyp0111
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:18p, 3/30/23
That was the very likely outcome for Comstock with out the JJ deal. Good for them in getting creative and getting through that tough time. If I remember correctly their leverage was over 3.5x.


Fast forward to today. Per their March Investor report they're 30% hedged with wide collars at a $3.00 put floor. Curious on what their ability is to cover everything without going FCF negative.

EBITDA last year was good but at these levels EBITDA evaporates quickly as you approach corp breakevens.


We shall see, interesting time to be alive.
Reply Quote
3
Comeby!
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to MAROON • 12:21p, 3/30/23
AG
MAROON said:
Talk to me about bank credit line redeterminations. I assume most are in May?

What % cut do you expect for say a majority nat gas company vs a majority oil production co?


The banks put out their price deck then apply their internal policy. Lots of moving parts what go into that such as concentration of value, advance rates, the rest of their book. It's not oil company or gas company heavy any more than just price decks and oil and gas split for each company.
Reply Quote
oilandgas13
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to The D • 4:54p, 3/30/23
The D said:
oilandgas13 said:
Anyone here work at Hess and could give some insight? Posting under a sock.


I do. Feel free to DM me


Thanks, can't pm. Do you have an email?
Reply Quote
The D
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to oilandgas13 • 10:51p, 3/30/23
AG
oilandgas13 said:
The D said:
oilandgas13 said:
Anyone here work at Hess and could give some insight? Posting under a sock.


I do. Feel free to DM me


Thanks, can't pm. Do you have an email?


Yes but it's my name. Do you have a sock email ? Will email you if you want to post it
Reply Quote
oilandgas13
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to The D • 11:29p, 3/30/23
This should work

xxxx
Reply Quote
1 edit
The D
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to oilandgas13 • 9:52p, 3/31/23
AG
oilandgas13 said:
This should work

oilandgas13@altmails.com


Got it just sent you an email
Reply Quote
Cartographer
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:10p, 3/31/23
OXY to buy EOG for 35b rumor floating around.
Reply Quote
Owen Kellogg
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:24p, 3/31/23
AG
EOG's market cap is $67B

OXYs is $56B. EOG is bigger than OXY.
Reply Quote
11
The D
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:28p, 3/31/23
AG
Eog is worth more than 35B.
Reply Quote
10
1 edit
First Page Last Page
Page 761 of 825 ▼
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.