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Started By
Message
2
Posted on 11/16/16 at 5:58 pm to Errerrerrwere
quote:
Wow. Didn't know this was legal.
They didn't lie...and maybe you misunderstood. I meant "pumped" as in highlighted...not literally pumped oil.
This post was edited on 11/16/16 at 5:59 pm
Posted on 11/16/16 at 5:59 pm to highcotton2
Thanks, highcotton2
Posted on 11/16/16 at 6:00 pm to TiggerB8t
quote:
weather a $15/Boe price -huge infrastructure costs to deliver to market
Does not compute.
Posted on 11/16/16 at 6:04 pm to highcotton2
quote:
Yes same "find" from 2 months ago. Different assessment of said find.
The wolfcamp was not found 2 months ago. You're mixing up APA's Alpine High with the USGS Wolfcamp assessment...the wolfcamp has been an unconventional target being exploited by companies like APA and PXD (just to name a couple of publics) for several years. There have been several huge transactions over the last couple months involving private companies selling to publics. This has been a hot active play for a while.
Posted on 11/16/16 at 6:07 pm to Jjdoc
Faaaaaaa
I soldier all my Permian basin royalty trust stock a couple years ago...
I soldier all my Permian basin royalty trust stock a couple years ago...
Posted on 11/16/16 at 6:13 pm to Jjdoc
energy independence is the goal - this is worth a TRUMP infrastructure project, so we can supply our own needs
there's something to be said for that...
there's something to be said for that...
Posted on 11/16/16 at 6:14 pm to dcbl
quote:
energy independence is the goal
What in your view does energy independence mean?
quote:
worth a TRUMP infrastructure project,
He's going to build pipelines for pvt companies?
Posted on 11/16/16 at 9:20 pm to PerCuriam
quote:
MEXICO AND OPEC CAN SUCK IT FOR EVER!
Amen! All this winning is giving me wood daily. Thank God the right person is coming into office to not over regulate the hell out of it.
Posted on 11/16/16 at 9:43 pm to Jjdoc
oil is not a "fossil fuel"....it is a renewable resource.
Posted on 11/17/16 at 12:40 am to Hawkeye95
quote:
don't live in texas, but this is probably only good news for consumers and china. a large discovery is going to keep oil prices down for a long period of time.
It makes me wonder what the end game of announcing this right now is.
Posted on 11/17/16 at 1:05 am to Jjdoc
quote:
Breaking. Largest oil find in US history just made
There is nothing breaking about this "discovery". The Midland and Delaware basins have been well delineated and tested by public and privates for several years. There is a reason the valuations have been out of control even during the downturn, these basins deliver a lot of landing zones and high OOIPs. But still not proven. I think the $/AC metrics are way overvalued considering the market frenzy created as being touted as THE play during downturn. This drove Permian acreage in higher demand being justified with unreasonable PUD locations and development pace.
The problem to me is the public market keeps giving stupid values to acquisitions. Drives a dangerous machine IMO.
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