- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- 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
re: Colombia’s president orders national oil company to cancel US venture over enviro concerns
Posted on 2/5/25 at 9:38 am to GetCocky11
Posted on 2/5/25 at 9:38 am to GetCocky11
Sounds like a power play with a third party involved to me.
0
Posted on 2/5/25 at 9:40 am to ragincajun03
Huh. I have no clue about how any of that works.
He is a guy I've known for a long time and he has some old wells and that out of the blue people have been calling him and offering more than normal to buy the rights. Makes no sense to me but whatever.
He is a guy I've known for a long time and he has some old wells and that out of the blue people have been calling him and offering more than normal to buy the rights. Makes no sense to me but whatever.
Posted on 2/5/25 at 9:45 am to ragincajun03
quote:
It seems like from about 2015-2018, projects to re-frack old wells were steadily hitting my inbox. Doesn't seem as much anymore
Inventory dried up.
Posted on 2/5/25 at 9:46 am to El Segundo Guy
It seems the trend the last two to three years has been the large operators (Exxon, Oxy, Chevron) have been divesting of their old arse vertical and even old horizontal wells, and even the associated leases if no desire to drill new horizontals, to much smaller outfits who have an interest in re-stimulating to get a bit more production.
It also gets some plugging & reclamation liability off their hands...supposedly.
It also gets some plugging & reclamation liability off their hands...supposedly.
Posted on 2/5/25 at 9:53 am to ragincajun03
Columbia needs us way more than they think.
These little small companies can’t just pull out of relationships with world powers and be like ok, we gonna do it on our own
These little small companies can’t just pull out of relationships with world powers and be like ok, we gonna do it on our own
Posted on 2/5/25 at 9:56 am to ragincajun03
quote:
It also gets some plugging & reclamation liability off their hands...supposedly.
Big time, it gets them off the books as last operator.
quote:
much smaller outfits
Lean and mean and not so much regulation compliant. For the big producers the juice isnt worth the squeeze.
Posted on 2/5/25 at 9:58 am to Lakeboy7
quote:
Big time, it gets them off the books as last operator.
Except the big players keep having to return when the smaller players file bankruptcy
Posted on 2/5/25 at 10:06 am to C
quote:
Except the big players keep having to return when the smaller players file bankruptcy
Yeah...hence my "supposedly".
Posted on 2/5/25 at 11:22 am to ragincajun03
In the time it took for him to make that statement, hundreds of people were killed in the streets by the cartels.
Posted on 2/5/25 at 11:25 am to ragincajun03
As always... reds preach green
Posted on 2/5/25 at 11:54 am to Lakeboy7
quote:
My nephew is a PE at OP and he has been on this project since day 1.
quote:
Devastated
Posted on 2/5/25 at 2:13 pm to Lakeboy7
quote:
Inventory dried up
False.
Posted on 2/5/25 at 2:21 pm to El Segundo Guy
Wouldn't call it renewed. It becomes more about evaluating EOR projects as fields mature and making bets on the market. There are plenty of operators with much less overhead that can maintain profitability late in the productive life of a well, and that productive life can go for a long, long time. Proposals may have been paused because Trump tends to like low oil prices, which will not support how cost intensive some of these projects can be.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News