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Storm the Field

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Everything posted by Storm the Field

  1. 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.
  2. 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.
  3. 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?
  4. 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.
  5. WTI diving on the grenade today so natty can catch a breather.
  6. Hunter Brown, welcome to the starting rotation!
  7. 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?
  8. If anyone is into "blackened" metal, this is pretty solid for a solo project. Reminds me more than a little bit of classic Dissection.
  9. 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.
  10. Astros social media is just straight-up posting Pena thrist trap pics for female fans now.
  11. 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.
  12. 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.
  13. 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
  14. 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.
  15. 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.
  16. Retail sales come in at a very strong 3% for January. Core ex-autos was 2.6%, way above 0.9% expected.
  17. Looks like another solid front is set to roll through Texas later this week. Should be pretty chilly Thursday-Saturday, but the forecast thereafter is rather Spring-like.
  18. Some more neighborhood restaurant news. Reel Seafood, a Viet Cajun seafood joint, is relocating from Missouri City to Timbergrove. Going in next door to Kings Bierhaus and Egghaus. Opens up next weekend. https://www.instagram.com/reelseafoodhtx/ A bunch of Stomping Grounds updates: Bollo Pizza is either in their soft opening phase or will be very soon. Pho Fix, a Vietnamese cafe, has posted a couple times over the last few weeks about their first brick and mortar location getting closer and closer. https://www.instagram.com/thephofix/ Himari, a sushi bar from the owners of Handies Duozo and Aiko, recently updated their IG page. "Coming Soon." https://www.instagram.com/himarihtx/ And finally, the new home of Sonoma Wine Bar is under major construction in the little annex building out at the front of the property. https://www.instagram.com/sonomagardenoaks/
  19. Kind of a bummer, especially considering the Nintendo tends to leave their exclusives full price for ages and rarely ever offers them on sale. Metroid Dread came out 16 months ago and is still full price on the official website. $49.99 on Amazon. Mario Odyssey came out 6 years ago and is currently $59.99 on Nintendo shop! It's $40 at third-party retailers.
  20. I guess they think higher prices will hurt EU and US economies. Also entirely possible, if not likely, that it's a smokescreen and they don't have enough buyers or can't produce their stated quotas and would be cutting regardless, and trying to frame this as a punitive measure.
  21. Russia announces it will cut 500K barrels of production a day as retaliation for price caps. Me:
  22. Hamlin showed up in person to receive an award yesterday and gave a speech. MF'ers STILL believe he died and has been replaced by a body double/clone on behalf of nefarious forces seeking to cover up that he was killed by vaccines. Seriously, read the comments to this tweet. Social media was a mistake.
  23. Rather drastic change in the weather as this front rolled into Houston. Dropped a good 20 degrees over the past 4 hours. Pretty damn dreary outside my office window at the moment. Tomorrow looks great. Sunny, cool, and calm. An ideal Thursday to plan an outdoor lunch or an afternoon happy hour (or both!). Friday should be sunny all day, but unlikely to warm up much above 50 as the winds will be whipping around 15-20 mph all day. Saturday cold and sunny again, but much calmer winds. After a chilly morning, should eventually get up to the high 50's. That's a pretty damn solid stretch of weather by February standards.
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