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re: Texas Is About to Create OPEC's Worst Nightmare
Posted on 11/21/18 at 7:22 pm to Smart Post
Posted on 11/21/18 at 7:22 pm to Smart Post
And just like the PUF, you need an Aggie to manage it because you can’t do shite properly without adult supervision.
1
Posted on 11/21/18 at 7:29 pm to Revelator
Who and why would anyone downvote the OP???
Posted on 11/21/18 at 7:36 pm to Revelator
How will this impact Tuscaloosa Marine Shale?
Posted on 11/21/18 at 8:34 pm to CGSC Lobotomy
quote:
And just like the PUF, you need an Aggie to manage it because you can’t do shite properly without adult supervision.
Here comes the aggys talking about how they are the best and brightest. My aggy spirit award.
Don't bring that cult shite into this discussion.
Posted on 11/21/18 at 8:48 pm to TigerDog83
quote:This is an interesting post. You sound like a numbers guy.
I tend to think shale oil has been marginally profitable at best although the end result has been positive for the country. I’ve been on working interest sides and seen how capital destructive many of these operators are. The Permian is really the only meaningful us tight oil field with any room to grow as the Eagle Ford and bakken are both past their prime. Shale gas is a different animal as it’s easier to move gas molecules through ultra tight rock than liquids. Rising interest rates will cut off capital to the shale oil drillers and we will see consolidation into the majors (who are prospect limited now) and growth will pull back to more sustainable rates. Base decline rates will be pretty steep by then and the growth will be over. It will end up being a good 10-15 year supply story but won’t make the us energy independent and probably won’t make much in the way of profits for investors along the way.
I'd like to see someone here refute your post, because history has shown that wildcatters have blown up theories like yours in the past.
Posted on 11/21/18 at 9:48 pm to LSUgusto
Don't know about refuting but in 2016 USGS estimates-Wolfcamp shale of the Permian basin (one formation of) 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids. This is four times more than East Texas fields combined once depleted.
It will be producing for a while.
It will be producing for a while.
Posted on 11/21/18 at 11:04 pm to Revelator
There are few men in this world more industrious than the American Oil man. My father was one and he was a wonderful mentor. Not an ounce of bullshite in his demeanor. There is little they can’t accomplish when they put their mind to the task! God bless them all for the hardships they endure and the successes they enjoy. We all benefit from their ingenuity.
Posted on 11/21/18 at 11:07 pm to Arbengal
As was my FIL, Gulf then as an Independent, and now our son in the Permian itself
Posted on 11/21/18 at 11:12 pm to wfallstiger
Awesome. They gain my highest respect!
Posted on 11/21/18 at 11:25 pm to Revelator
Vitol...what a collection of assholes.
Posted on 11/21/18 at 11:26 pm to Arbengal
Accidental thumb downvote, sorry
Yes, they are a hearty breed. Full of life despite her swings
Yes, they are a hearty breed. Full of life despite her swings
Posted on 11/21/18 at 11:31 pm to dewster
quote:TMS is tough... expense AFE's. It's there just need higher $/bbl to make it worth the trouble.
How will this impact Tuscaloosa Marine Shale?
Posted on 11/22/18 at 5:50 am to Revelator
This will change the political landscape of the world.
Russia and the Middle East are about to lose all clout in Europe because they will buy from us.
Russia and the Middle East are about to lose all clout in Europe because they will buy from us.
Posted on 11/22/18 at 7:32 am to Revelator
And a lot of that oil is going to be exported right through the good ol’ Port of Corpus Christi!
Posted on 11/22/18 at 7:50 am to Revelator
awesome news! Trump wins again.
Posted on 11/22/18 at 7:54 am to idlewatcher
quote:
You guys will be an afterthought if the price/bbl keeps dropping. Sorry but that’s the reality of it.
Time to short TruckNutz.
Posted on 11/22/18 at 7:57 am to Revelator
Let me know when gas goes below 2 a gallon again...
Posted on 11/22/18 at 8:00 am to lsuguy84
quote:
frick the Permian...throw some love to us deepwater folks too.
Permian is the gulf’s worst nightmare
Posted on 11/22/18 at 8:00 am to Boatshoes
quote:
Let me know when gas goes below 2 a gallon again...
1.98 Shreveport area
Posted on 11/22/18 at 8:01 am to Boatshoes
Gas is $1.92 a gallon in Roanoke, tx.
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