Storm the Field

Looking forward to getting to wet a line for the first time in a while. Dad and I planning to head out to Sabine on Saturday morning. Forecast weather conditions are pretty much perfect. Wind finally supposed to be below 10 mph for the first time in ages. At a bare minimum it will at least be a pretty morning.

Freeport is finally back up and running. Startup on their 2nd unit has commenced and they just filed for approval to begin restart operations on the 3rd unit. Should be back to taking in over 1.5Bcf/day soon.

Big shocker, a giant piece of shit has giant pieces of shit working for her.

Buncha dang furners are buying up the Eagle Ford. In the last week: Ineos, a British chemical conglomerate, bought up a large chunk of CHK's South Texas acreage for $1.5B. First foray into domestic E&P. Baytex Energy, from Calgary, announced it was buying Ranger Oil (the merged company of Penn Virginia and Lonestar) for damn near $3B in cash and debt assumption. Deal includes about 160K acres in Lavaca, Gonzales, and Dewitt. Damn, I really should have tried to get in with a company amassing EF acreage on the cheap 3-4 years ago. I'd be contemplating retirement at this point.

Austin may set a record today. Forecast high of 90. Previous record high on 2/28 was 89 back in 1932.

5 more sultry days until we get another front and get back to seasonally typical temps.

I certainly wouldn't mind not having to sign up for FUBO in order to get ATT Sports. Just make games available in local markets on MLB TV.

Sure. Send me a PM.

Fucking swampy outside in Houston and looks like the rest of the weekend will be a carbon copy of today. Warm, cloudy, and humid. Gross.

From what I recall, dude in the article was a title attorney writing opinions for CLR. CLR landman started feeding him confidential info regarding their drilling plans. The attorney's brother was a title broker who would then go out and start buying up leases on specific tracts (probably through thinly-disguised LLCs) where they knew was CLR was planning to head, but before CLR could send their guys out to start leasing. The LLC would then sell their leases to CLR for far more than they had paid. Landman would then get a kickback of a share of the profits. As you mentioned, I'm sure it eventually occurred to CLR that they somehow coincidentally kept getting beat to the punch by random, newly-created LLC's with no operating experience and always in prospects that a certain one of their landman was involved in. Not saying this was your point or that you do this, but I don't see any distinction that would make it any less fraudulent if a person was utilizing confidential proprietary info to buy mineral/royalty acres instead of taking leases in an area he'd been tipped off to by an insider ahead of time.

Yep, I figure we'll get 1 or 2 more cold snaps that last 2-3 days at most, but winter seems pretty much over. On the plus side, should get a taste of legit Spring in the near future. Forecast for next week and especially next weekend looks way more pleasant (~75/55) than this week's stretch of "Late May in February." Less than 3 weeks until DST and sunsets won't occur until 7:30 or later.

Your exact business is paying kickbacks to in-house landmen to get a sneak peak at their drilling schedule so you can take leases and then flip them for a profit?

And that my friends is why I recommend you not buy interests out from under your own clients. An Oklahoma lawyer accused of using ill-gotten confidential business information to defraud oil and gas company Continental Resources Inc. pleaded guilty to conspiracy to commit honest services wire fraud just days before his trial was set to begin. Federal prosecutors indicted Blaine Dyer, along with his cousin, James Dyer, a landman by trade, in the US District Court for the Western District of Oklahoma in May 2022. James, also known as “Jimmy,” Dyer pleaded guilty to the same charge. Blaine Dyer had been hired by a former Continental employee, Justin Biggs, to perform title work for the company in 2011. The scheme allegedly started a couple of years later, after Dyer took Biggs hunting and offered to pay him kickbacks in exchange for Continental’s confidential drilling and leasing plans. Once they had the proprietary information, they used it to acquire valuable lease interests before Continental got to them, according to the government. I remember reading this story when it first came out a few years ago. I imagine this happens significantly more often than reported. Buddy of mine that used to work in-house has told me stories of mineral buyers and attorneys trying to ply him for confidential info.

WTI diving on the grenade today so natty can catch a breather.

Hunter Brown, welcome to the starting rotation!

In that case, opt for the reverse commute. Live somewhere in town and drive up to Spring. Get an apartment or find a buddy to share a townhouse with in the Heights or Garden Oaks/Oak Forest or somewhere similar. If your social life is in Houston, moving to the Woodlands will throw a giant wrench in it. You'll end up staying out in the burbs more often than you think. You want to be taking $75, 45-minute Uber rides home from the bars?

If anyone is into "blackened" metal, this is pretty solid for a solo project. Reminds me more than a little bit of classic Dissection.

You would probably really like Spirit Adrift, IMO they are the best band out right now releasing new "classic" heavy metal. Great riffs, shreddy solos, clean vocals.

Astros social media is just straight-up posting Pena thrist trap pics for female fans now.

Age and marital/children status? Do you hang out in Houston primarily? Those are gonna be the most important factors along with commute time. Woodlands is obviously much closer to Spring, but I wouldn't want to live out there unless I had a job nearby and a gaggle of kids. I work with guys that live in the Woodlands and they only come into the city a few times a week and it's a good 2 hours spent in the car each day, coming and going. On the other side, living in the Heights and driving to Spring every day, even doing the reverse commute, you're looking at 30+ minutes on I-45, 2x a day.

Game finally ends after 3 1/2 hours. Final tally for the weekend. 56 runs 51 hits 13 HR True freshman Chase Mora should probably go ahead and retire as the greatest hitter of all time. Still has yet to take a college AB that didn't end in a HR. 3/3 with 7 RBI.

Not that Northwestern was supposed to be a challenge, but my Cats have been dropping bombs on them all weekend long. So far through 23 innings: 47 runs scored 47 hits 10 HR

Atlanta Fed GDPNow up to 2.4% for Q1 in latest reading. Goldman just cut their estimated probability of a recession in the next 12 months from 35% to 25%. IMO, starting to seem less far-fetched that we might see what some are calling the "no landing" scenario where inflation proves sticky and FED has to raise rates higher and keep them there for longer, but unemployment remains low and GDP growth remains positive, at least for the next 4 quarters.

That's one way to put it. EIA reported a crude build of nearly 16.3M barrels for the week. 4th largest of all time. Apparently there was a very large adjustment factor built into the numbers this week so not a huge reaction thus far. WTI only down less than 2%. Interestingly, the 3rd largest build came only a month ago (+18.2M) and WTI actually gained 3.3% that day.