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re: Oilfield rumors

Posted on 4/12/15 at 9:44 am to
Posted by offshoretrash
Farmerville, La
Member since Aug 2008
10169 posts
Posted on 4/12/15 at 9:44 am to
Drilling contractors are very slow and shutting down a lot of rigs. The longer this goes the more likely of a merger or buy out. There was a Brazilian drilling company go under last week. Not sure what will happen with their rigs.
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23482 posts
Posted on 4/13/15 at 1:43 pm to
quote:

Have y'all looked into MRD, Memorial Resource Development?


never heard of it before
After doing some research on it few days ago i decided to add few shares, its doing well today
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 4/13/15 at 2:33 pm to
quote:

Memorial/Wildhorse are drinking deep LCVHorizontals in the old Terryville area and branching out, they're some of the best wells I've ever seen in North La, coming on at 30-40 million a day with 400bbls of liquids


They're both NGP backed...NGP rolled Wildhorse under Memorial before taking it public. Those guys cashed in big time. Wildhorse is back our in NELA leasing for more deep CV Hz...probably hoping to sell into Memorial again. Rumor is they already had a big test on new well at around 25mmcf/d.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 4/13/15 at 2:34 pm to
(no message)
This post was edited on 4/13/15 at 4:21 pm
Posted by GREENHEAD22
Member since Nov 2009
19580 posts
Posted on 4/13/15 at 3:15 pm to
Not a rumor, made the news today.
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 4/13/15 at 3:36 pm to
CVX will be next
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 4/13/15 at 3:44 pm to
CVX already announced it would divest $15B over the next three years. Their offshore shelf package hit the market end of last month.
Posted by GREENHEAD22
Member since Nov 2009
19580 posts
Posted on 4/13/15 at 3:47 pm to
Ive got to think once all this BS with the spill is through that BP is going to be scooped up. I thought thats who shell was after.

I am trying to get on with Anadarko so I hope they dont get acquired.
Posted by Dooshay
CEBA
Member since Jun 2011
29879 posts
Posted on 4/13/15 at 7:33 pm to
quote:

I am trying to get on with Anadarko


Along with the rest of the country.
Great company, lots of LSU alums.

I don't see them going anywhere.
Posted by Stromile Swift
Houston
Member since Sep 2003
43193 posts
Posted on 4/13/15 at 10:33 pm to
Greenhead, what kind of position are you applying for at APC? I've been with APC for 2.5 years...
This post was edited on 4/13/15 at 10:35 pm
Posted by GREENHEAD22
Member since Nov 2009
19580 posts
Posted on 4/13/15 at 10:52 pm to
Well to be honest I haven't yet, a good friends step dad just retired with them and has put some feelers out. Said everything is on hold right now but the ball should start rolling in the 3rdQ. We talked about it a while back, process engineer/operations manager type position.


What do you do?
This post was edited on 4/13/15 at 10:53 pm
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 4/13/15 at 11:01 pm to
I applied for a completion engineering position for APC a while back. No luck.
Posted by GREENHEAD22
Member since Nov 2009
19580 posts
Posted on 4/13/15 at 11:03 pm to
That's in the running as well, that's what I'm doing for SLB.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 4/13/15 at 11:04 pm to
Anyone familiar with Kosmos Energy out of Dallas? I would love you join their team. They're right up my alley with where I want to be and what type of work they do.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 4/13/15 at 11:09 pm to
Tools or Frac?
Posted by GREENHEAD22
Member since Nov 2009
19580 posts
Posted on 4/13/15 at 11:15 pm to
Tools, the past few months have been a roller coaster, it was 3rd on my list of offers and ended up being the only one that didn't get pulled.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 4/13/15 at 11:36 pm to
Good luck my man.
Posted by GREENHEAD22
Member since Nov 2009
19580 posts
Posted on 4/13/15 at 11:44 pm to
Appreciate it.
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 4/14/15 at 2:35 am to
Rumor is anardako thinks they're pumping gold and valuation discussions, even farming into their JVs, are difficult to have with them at the moment. They've been needing a buyout for a few years now to get at some of their more costly plays. They do have great assets but no one is buying at the prices they're asking.
Posted by Strannix
District 11
Member since Dec 2012
48834 posts
Posted on 4/14/15 at 6:53 am to
quote:

I have worked pretty closely with COPC over the years and I wouldn't expect them to divest any of their core assets. They have been actively trying to farmout some of their older producing properties. They are definitely not interested in selling their LL&E mineral fee position in South Louisiana (Terrebonne Bay) because I know a couple of groups that have inquired about it over the last few years.


What I have been hearing is that everything onshore but their tier one South Louisiana and Eagle Ford properties are for sale, tons of stuff in East Texas.
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