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Started By
Message
re: Oil prices plunge again today to 51.18
Posted on 12/14/18 at 12:24 pm to Mudminnow
Posted on 12/14/18 at 12:24 pm to Mudminnow
quote:
The baws in west TX can still make money at $43 a barrel.
Not really. I was just reading an article about this last week. They can still make money on some wells at that price, but they'll cut production
0
Posted on 12/14/18 at 12:25 pm to Mudminnow
1.92 in ntx, varies widely in the region
I thought it was going to run out 10 years ago
I thought it was going to run out 10 years ago
Posted on 12/14/18 at 12:27 pm to Brazos
quote:
It was $52 yesterday. This is a plunge?
c'mon man. The OP is trying really hard to be the first to get the truck nuts thread going for today.
Theres no time to check anything.
Posted on 12/14/18 at 12:27 pm to MrLSU
The US in 2018 has had the largest production growth of any country in any year ever. Many of these companies are seeing record profits and they’re dumping it back into the system, which took until Q3 to see the affects. They’ve already forecasted their 2019 capex, and some are dialing it down already. 2Q-3Q 2019 you’ll see prices start the upwards trend.
This post was edited on 12/14/18 at 12:28 pm
Posted on 12/14/18 at 12:35 pm to Mudminnow
quote:
The baws in west TX can still make money at $43 a barrel.
There are a handful of companies that can do that. Also a handful in the Eagle Ford, some in the DJ, Bakken and even the PRB. However not everyone, not even half, probably not even a third can consistently make money at $43.
Continuing to improve well designs end economics creates a never ending cat and mouse game. You think you have the answer, then your next 4 wells change your mind.
At the end of the day there’s a lot more to this business than your typical OTer understands.
Posted on 12/14/18 at 12:35 pm to MrLSU
Clicked here for Truck Nutz jokes. Was happy to see the first reply.
Posted on 12/14/18 at 12:37 pm to MrLSU
quote:
Oil prices plunge again today to 51.18
Yet gas out here is still damn near $4 a gallon. Fecking corrupt assholes.
Posted on 12/14/18 at 12:37 pm to thegreatboudini
quote:
At the end of the day there’s a lot more to this business than your typical OTer understands.
The typical OTer doesn't understand credit, they aren't going to know shite about how oil is priced
Posted on 12/14/18 at 12:53 pm to NoHoTiger
quote:
Yet gas out here is still damn near $4 a gallon. Fecking corrupt a-holes.
aren't you in Cali?
Posted on 12/14/18 at 12:54 pm to MrLSU
Meh. We still got 72 rigs running today across the US. And picking up 3 more next week
Posted on 12/14/18 at 1:05 pm to NoHoTiger
quote:
Yet gas out here is still damn near $4 a gallon. Fecking corrupt assholes.
Muh taxes
Posted on 12/14/18 at 1:07 pm to MrLSU
quote:
MrLSU
I'm still waiting for you to come back to your thread on Coaches Changes board and tell us what Teevens posted on Facebook jackass.
Posted on 12/14/18 at 1:08 pm to NoHoTiger
quote:
Yet gas out here is still damn near $4 a gallon. Fecking corrupt assholes.
But the weather, right?
Posted on 12/14/18 at 1:10 pm to tigerinthebueche
quote:
aren't you in Cali?
Yes...and I understand that that's the crux of the problem.
Posted on 12/14/18 at 1:11 pm to thegreatboudini
quote:
But the weather, right?
frick that...I like rain every now and then.
My favorite place to live was Boston. I loved the seasons and the rain and the snow. I hope to get back up to that area someday....hopefully sooner rather than later.
Posted on 12/14/18 at 1:24 pm to NoHoTiger
quote:
Yes...and I understand that that's the crux of the problem
Gas is the least of your worries. I heard they wanted to start taxing text messages out there.
Posted on 12/14/18 at 1:43 pm to Mr Perfect
quote:
Yup
Dallas idiots thinking they have a deal at 2.35
Lmao
For 93 octane? Better than paying almost 3 bud.
It was as low as 1.83 for the cheap shite.
This post was edited on 12/14/18 at 1:44 pm
Posted on 12/14/18 at 1:50 pm to MrLSU
The Oil God is bullish on oil prices.
OIl Prices
OIl Prices
Posted on 12/14/18 at 1:58 pm to MrLSU
We gonna need more movies. That will save our arse
Posted on 12/14/18 at 1:58 pm to bowlbound
"Hall, the oil trader who had bet on higher oil prices for more than a decade, continued to hold his bullish view even after the 2014 oil price crash. But in the summer of 2017, he closed his main fund Astenbeck after the fund posted double-digit losses."
Everybody guesses wrong at some point.
Everybody guesses wrong at some point.
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