- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 5/3/17 at 2:33 pm to fareplay
It's back for me. 
Just give me 10-12 more years
Just give me 10-12 more years
Posted on 5/3/17 at 2:40 pm to fareplay
The more we drill, the more oil prices will stay sub $60 unless there is some major event that disrupts worldwide production.
Posted on 5/3/17 at 2:43 pm to fareplay
Oil will get over $100 once we forget about all that oil under our feet. Don't see that happening. I think $60 is a good price in this day and age.
Posted on 5/3/17 at 2:45 pm to fareplay
Unless a war happens not anytime soon, like I am looking for another industry to have a career in soon.
Posted on 5/3/17 at 3:12 pm to fareplay
There's too much supply. We saw a small uptick in activity in Q2 and expect it to basically stay flat rest of 2017. Only small growth in 2018 with the industry somewhat stabilizing. Expect it to stay this way for 2-3 years. Better get accustomed to the status quo.
Posted on 5/3/17 at 3:15 pm to fareplay
Oil is back. It just went somewhere else.
Posted on 5/3/17 at 3:25 pm to fareplay
Upstream has increased in certain basins obviously, ND seems weak, Permian/Eagle Ford moving up. Offshore projects take a while but are still rolling a little.
Offshore companies are starting to bring their costs down with subsea tieback being more common as well as more accurate/efficient drilling practices. Offshore will stay in the game cause of this and be able to operate around 30-40 a barrel at breakeven. The main thing in this downturn is for them to go after the ideal (big money/lower risk) objectives and same reservoir step out wells.
Another big thing for offshore is standardizing equipment like shale...these custom rigs for each project kill companies.
At the end of the day opening up new areas will only keep options open for producing at lower prices if they are there. From geologists I've worked with before, they say the rock over on the Atlantic coast is garbage. But not enough research has been done to my knowledge. Especially no seismic to any extent has been shot out there. Now Eastern Gulf could be pretty awesome, as Florida is a huge carbonate platform similar to what's in the Permian and the ME.
Prices have to stabilize, which means the stockpiles have to come down and stabilize. The only way that is coming down is if refineries run at over 95% for the summer and most of the fall while the US uses an obscene amount product (gasoline and distillates). Another option is OPEC continues there cuts and US Shale production stalls or drops off (won't happen probably unless pipelines max out transportation capacity.) Realistically, OPEC may extend their cuts, shale will continue to increase. Global supplies will decrease, US supplies will decrease a little over the summer like it normally does.
$50 dollars is here to stay for another year or two unless someone bombs the wrong person.
Offshore companies are starting to bring their costs down with subsea tieback being more common as well as more accurate/efficient drilling practices. Offshore will stay in the game cause of this and be able to operate around 30-40 a barrel at breakeven. The main thing in this downturn is for them to go after the ideal (big money/lower risk) objectives and same reservoir step out wells.
Another big thing for offshore is standardizing equipment like shale...these custom rigs for each project kill companies.
quote:
Is trump helping the oil come back in the gulf?
At the end of the day opening up new areas will only keep options open for producing at lower prices if they are there. From geologists I've worked with before, they say the rock over on the Atlantic coast is garbage. But not enough research has been done to my knowledge. Especially no seismic to any extent has been shot out there. Now Eastern Gulf could be pretty awesome, as Florida is a huge carbonate platform similar to what's in the Permian and the ME.
Prices have to stabilize, which means the stockpiles have to come down and stabilize. The only way that is coming down is if refineries run at over 95% for the summer and most of the fall while the US uses an obscene amount product (gasoline and distillates). Another option is OPEC continues there cuts and US Shale production stalls or drops off (won't happen probably unless pipelines max out transportation capacity.) Realistically, OPEC may extend their cuts, shale will continue to increase. Global supplies will decrease, US supplies will decrease a little over the summer like it normally does.
$50 dollars is here to stay for another year or two unless someone bombs the wrong person.
This post was edited on 5/3/17 at 3:28 pm
Posted on 5/3/17 at 3:49 pm to fareplay
One of my friends started an oil field service company and got everyone who would listen to invest.
This downfall caused him to have a heart attack and die
And all the investors were left screwed when they found out he owed uncle Sam 90K
This downfall caused him to have a heart attack and die
And all the investors were left screwed when they found out he owed uncle Sam 90K
Posted on 5/3/17 at 3:56 pm to fareplay
quote:
Oil baws, what are you heating about upstream oil? My towns economy pretty much is dependent on it coming back. Is trump helping the oil come back in the gulf?
Sounds like your town needs to diversify. Yall got the peak oil blues?
Posted on 5/3/17 at 4:05 pm to fareplay
quote:
Is trump helping the oil come back in the gulf?
putting your hopes in trumpkin has me like ...
Posted on 5/3/17 at 4:15 pm to fareplay
quote:
When will oil come back?
Hopefully never.
quote:
Is trump helping the oil come back in the gulf?
He won't do shyte to help it come back, and all of you people that voted for him will still find excuses for having done so I'm sure.
Posted on 5/3/17 at 5:14 pm to fareplay
have to admit i secretly wanted Hillary to win, ban fracking, so prices would skyrocket
Posted on 5/16/17 at 6:19 am to fareplay
It's gonna be a good while before deep water comes back
Posted on 5/16/17 at 6:53 am to fareplay
Gas is over $2 a gallon, that's plenty high enough for everyone to make a mountain of money.
Posted on 5/16/17 at 9:43 am to fareplay
When the dollar plunges - there is a direct correlation between the strength of the US dollar and Oil / DXY is around 98 at the moment...Crude was at $100 barrel when the DXY was at $80 / so you need lower rates causing the dollar to fall which in turn will cause oil prices to go up
Posted on 5/16/17 at 10:33 am to fareplay
The monopoly of OPEC is over. Fracking transformed the industry much like Amazon did to brick and mortar.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News