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re: Are our enemies worried today?
Posted on 1/21/17 at 10:30 am to fightin tigers
Posted on 1/21/17 at 10:30 am to fightin tigers
quote:
jobs from over their?
Hope he invest into our education.
0
Posted on 1/21/17 at 10:30 am to fightin tigers
quote:well that is already happening here in SE Texas. Source: me doing environmental work for tank farms for Genesis and Shell Pipeline in last 12 months
Unless you mean build large vessels and just hold the stuff.
This post was edited on 1/21/17 at 10:31 am
Posted on 1/21/17 at 10:32 am to Corkfather
Profitable for drilling more wells of existing pads where evacuation options are already in place.
You will see some uptick in the Bakken and more in the Permian, but no one is going to do new Exploration and Appraisal at this point.
You will see some uptick in the Bakken and more in the Permian, but no one is going to do new Exploration and Appraisal at this point.
Posted on 1/21/17 at 10:33 am to CorporateTiger
When you say "pad" are you referring to leases overall or like the actual pad the well is drilled on?
Posted on 1/21/17 at 10:35 am to Tyga Woods
We have a quasi isolationist President now. I'm sure they're happy to be left alone, for better or worse.
Posted on 1/21/17 at 10:35 am to Corkfather
Both probably more the second. There are a ton of partially drilled pads out there (to hold leases), that could be fully drilled out for much cheaper than a new federal lease.
Even where you don't have existing physical pads, continuing to drill in the already appraised area is going to be cheaper.
Even where you don't have existing physical pads, continuing to drill in the already appraised area is going to be cheaper.
Posted on 1/21/17 at 10:37 am to Corkfather
quote:Hate to break it to you - price of oil will dictate how much production will increase - worldwide glut now.
A president directly referring to energy production in an inaugural address is a pretty big deal. He's already talking about opening up Federal lands for drilling, etc.
Posted on 1/21/17 at 10:39 am to fightin tigers
quote:somebody smoking left handed cigs this morning.
53/bbl is profitable. For new wells?
Posted on 1/21/17 at 10:40 am to skinny domino
quote:
Hate to break it to you - price of oil will dictate how much production will increase - worldwide glut now.
Production is already increasing with more being planned. Oil went up 2% yesterday alone.
Posted on 1/21/17 at 10:40 am to skinny domino
quote:
somebody smoking left handed cigs this morning.
In my line of sight I can see 4 newly drilled wells, one of which is being frac'd and two drilling rigs. You really think they're not turning a profit?
This post was edited on 1/21/17 at 10:42 am
Posted on 1/21/17 at 10:41 am to CorporateTiger
quote:this
You will see some uptick in the Bakken and more in the Permian, but no one is going to do new Exploration and Appraisal at this point.
Posted on 1/21/17 at 10:41 am to Corkfather
There are some indications the third world markets are recovering which is niiicceeee
Posted on 1/21/17 at 10:41 am to Rouge
quote:
well that is already happening here in SE Texas
Even the tankage in Cushing can only sustain the US for just a few days.
Posted on 1/21/17 at 10:43 am to CorporateTiger
quote:this
You will see some uptick in the Bakken and more in the Permian, but no one is going to do new Exploration and Appraisal at this point.
Posted on 1/21/17 at 10:43 am to Corkfather
quote:
Oil went up 2% yesterday alone.
Isn't it down somewhere around 5% since early December?
Posted on 1/21/17 at 10:45 am to fightin tigers
It shot up based on speculation about the OPEC deal. That deal (a) has not been well implemented and (b) will not be renewed after six months. This lead to a bit of the speculation bounce wearing off.
Posted on 1/21/17 at 10:47 am to CorporateTiger
I realize all this, the point I'm trying to make is that the prospects for US-produced O&G during the Trump presidency are good.
Posted on 1/21/17 at 10:48 am to CorporateTiger
Just imagine if Venezuela had their shite together.
Posted on 1/21/17 at 10:48 am to Corkfather
For sure better than Obama, but not sure there is much Trump can do right now.
Posted on 1/21/17 at 10:49 am to montanagator
quote:
Our allies on the other hand have to be more than a bit concerned what with Becheeto acting like NATO is a cheap mob racket.
This. Trump flat out told them that it is time for them to pony up. We been carrying the cost/man power from day one. Enough is enough and I agree 100% that Trump is going to force them to protect themselves.
Bout time. USA FIRST!
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