wael definitely gets it
Houston..we have a problem....
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Last: 5 days ago by one MEEN Ag
sts7049 said:
wael definitely gets it
Yeah, I've been impressed with him so far
Reading on him, he seems to get it.
EnCap putting up Grayson Mill up for sale.
EnCap Eyes $5 Billion Sale of Bakken Shale Producer Grayson Mill | Pipeline and Gas Journal (pgjonline.com)
EnCap Eyes $5 Billion Sale of Bakken Shale Producer Grayson Mill | Pipeline and Gas Journal (pgjonline.com)
Quote:
Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday.
EnCap has tapped investment bank Jefferies Financial Group to run a sale of Grayson Mill, the sources said. The process will kick off later in 2024, subject to market conditions, the sources added
Run by Aggies.donkeykick90 said:
EnCap putting up Grayson Mill up for sale.
EnCap Eyes $5 Billion Sale of Bakken Shale Producer Grayson Mill | Pipeline and Gas Journal (pgjonline.com)Quote:
Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday.
EnCap has tapped investment bank Jefferies Financial Group to run a sale of Grayson Mill, the sources said. The process will kick off later in 2024, subject to market conditions, the sources added
Who do you think will buy Grayson Mill?
nu awlins ag said:Charlie Murphy said:Still think we hear something on bp this year?nu awlins ag said:nosoupforyou said:
Anyone hear that Shell has eyes on BPX?
Solid No….
Possibly. It's January 24th so there is still a ways to go. But Shell isn't pursuing BPX. They got out of just about everything US onshore for a reason….
You think they are going after the GOM assets?
I think Chord is the natural buyer or someone in the pubco space needs to step up and be the consolidator as I imagine Chevron does something with Hess up there and XOM has had that asset on market (not sure what ever happened with that process)
Ramrod said:nu awlins ag said:Charlie Murphy said:Still think we hear something on bp this year?nu awlins ag said:nosoupforyou said:
Anyone hear that Shell has eyes on BPX?
Solid No….
Possibly. It's January 24th so there is still a ways to go. But Shell isn't pursuing BPX. They got out of just about everything US onshore for a reason….
You think they are going after the GOM assets?
Speaking of Shell? If so, yes.
donkeykick90 said:
EnCap putting up Grayson Mill up for sale.
EnCap Eyes $5 Billion Sale of Bakken Shale Producer Grayson Mill | Pipeline and Gas Journal (pgjonline.com)Quote:
Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday.
EnCap has tapped investment bank Jefferies Financial Group to run a sale of Grayson Mill, the sources said. The process will kick off later in 2024, subject to market conditions, the sources added
$5B?
No friggin way.
I can ask 5 Billion for my house.
Doesn't mean anyone will pay it.
Doesn't mean anyone will pay it.
Chord will buy it. Encap ties just like earthstone buying all Encap leftovers.
Yessir
Cyp0111 said:
Yessir
GM run by ex Oasis folks which then became Chord.
Anybody know their acreage and production volume's? I've been out of the game of few years and don't have any resources to pull from.
LRHF
https://www.theadvocate.com/baton_rouge/news/business/cp2-lng-in-louisiana-facing-delays-new-york-times-says/article_da87d71c-baf4-11ee-8ad6-fb7b267f320d.html
Surprise, surprise. I know a lot of people who were counting on that project for work this year.
Surprise, surprise. I know a lot of people who were counting on that project for work this year.
the party is over
**** DC
**** DC
The Biden admin consulted SOCIAL MEDIA INFLUENCERS to **** down LNG exports. This kills so much growth on the gulf coast it is unbelievable. Also almost certainly eliminates my prospects in an industry I am trying to break in to. Unbelievable. SOCIAL MEDIA INFLUENCERS.
ENERGY: After meeting with a 20-something social media influencer Biden paused the CP2 LNG export terminal in Louisiana. The terminal will allow the export of 20 million tonnes of LNG per annum and is just the first of six similar facilities under development. The facility will… pic.twitter.com/kWtNHShPfq
— @amuse (@amuse) January 25, 2024
We're essentially seeing sanctioned economic terrorism disguised as environmental activism.
And in the end the demand doesn't change and the supply comes from somewhere else at a much more harmful environmental impact. Insanity.
And in the end the demand doesn't change and the supply comes from somewhere else at a much more harmful environmental impact. Insanity.
Abbott picks a fight with the feds
Feds stop future LNG construction
no way
Feds stop future LNG construction
no way
cone said:
Abbott picks a fight with the feds
Feds stop future LNG construction
no way
Most of the new plant construction was in Louisiana.
yeah, and Houston hardest hit
Gig-Em2003 said:
Chord will buy it. Encap ties just like earthstone buying all Encap leftovers.
Grayson Mill has been silently marketing this asset for years at this point. They've reached out to most of the major Williston operators, including chord, and there is one common theme. Grayson Mills acreage is mostly C- tier.
Not to say it won't get done because public operators, like Chord, need to be continue to "grow". That said, most of the opportunities added by acquiring Grayson Mills won't be drilled within the next 10 years by someone like Chord, as they have much higher ROR opportunities in their portfolio. Which means there is very little value that can be paid on the majority of upside (due to discounting).
What was the point of blowing up Nordstream if you're just going to turn around and stifle LNG exports? Do we hate Europe that much? It's almost like we don't have a unified geopolitical strategy and the country is being run by whoever says the last thing that Biden hears.
ChemAg15 said:SUN may be their own entity, but ET absolutely negotiated and orchestrated the deal.Furlock Bones said:
The Sunoco Q&A was pretty interesting. CEO mostly talked about NuStar's refined products and ammonia systems. Very little mention of their crude assets.
Funny moment when someone asked about how this fits with Energy Transfer's portfolio? CEO was like I want to be clear this is a Sunoco transaction.
We all get that Sunoco is a their own entity. But, no one believes ET didn't give their blessing beforehand.
Mr. LoveaTm works for NS and this is the big question. Did Sunoco buy NS just to sell their pipelines to ET?
loveaTm said:ChemAg15 said:SUN may be their own entity, but ET absolutely negotiated and orchestrated the deal.Furlock Bones said:
The Sunoco Q&A was pretty interesting. CEO mostly talked about NuStar's refined products and ammonia systems. Very little mention of their crude assets.
Funny moment when someone asked about how this fits with Energy Transfer's portfolio? CEO was like I want to be clear this is a Sunoco transaction.
We all get that Sunoco is a their own entity. But, no one believes ET didn't give their blessing beforehand.
Mr. LoveaTm works for NS and this is the big question. Did Sunoco buy NS just to sell their pipelines to ET?
ET doesn't need to buy the pipelines from SUN because ET owns SUN. ET and SUN are the same company.
ChemAg15 said:
What was the point of blowing up Nordstream if you're just going to turn around and stifle LNG exports? Do we hate Europe that much? It's almost like we don't have a unified geopolitical strategy and the country is being run by whoever says the last thing that Biden hears.
We didn't blow up Nordstream. I bet this pause dissappears Mid-November no matter what happens. Both parties love them some emotionally charged political theater during an election year (see Abbot and razorwire).
Gordo14 said:ChemAg15 said:
What was the point of blowing up Nordstream if you're just going to turn around and stifle LNG exports? Do we hate Europe that much? It's almost like we don't have a unified geopolitical strategy and the country is being run by whoever says the last thing that Biden hears.
We didn't blow up Nordstream. I bet this pause dissappears Mid-November no matter what happens. Both parties love them some emotionally charged political theater during an election year (see Abbot and razorwire).
Well then please share with the class who had the capability and motivation to sabotage the pipeline.
According to WSJ, Ukrainians with Polish residency.
https://www.wsj.com/articles/fresh-leads-point-to-poland-as-hub-for-nord-stream-sabotage-bf35ee3e
https://www.wsj.com/world/europe/nord-stream-probe-faces-resistance-from-poland-962aa5f9
https://www.wsj.com/articles/fresh-leads-point-to-poland-as-hub-for-nord-stream-sabotage-bf35ee3e
https://www.wsj.com/world/europe/nord-stream-probe-faces-resistance-from-poland-962aa5f9
I'll take that bet
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AG
Wrong thread
Enbridge announced plans to layoff 650 people today. That's about a 5% cut for them.
Is this in Houston or Calgary?
Hopefully Calgary as that's only ~400 layoffs with the exchange rate.
Investigation under way as semisub rig 'unintentionally' drops equipment | Upstream Online
Whoops! I helped build the buoyancy for the riser. The company I was with is no more. Wild.
Whoops! I helped build the buoyancy for the riser. The company I was with is no more. Wild.
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