Jump to content

MadTrapper

Legacy Members
  • Posts

    187
  • Joined

  • Last visited

Everything posted by MadTrapper

  1. It's what "La Quinta" means.
  2. Looks like XOM takeover of Pioneer is coming to fruition. From WSJ: Exxon Mobil [uS:XOM] is closing in on a deal to buy Pioneer Natural Resources, [uS:PXD] a blockbuster takeover that could be worth roughly $60 billion. A deal could be sealed in the coming days, assuming the talks don’t hit a last-minute snag, people familiar with the matter said. After posting record profits in 2022, Exxon has been flush with cash and exploring options that would push it deeper into West Texas shale. An acquisition of Pioneer, with a market cap of around $50 billion, would likely be Exxon’s largest deal since its megamerger with Mobil in 1999. It would give Exxon a dominant position in the oil-rich Permian Basin of West Texas and New Mexico, a region the oil giant has said is integral to its growth plans. The Wall Street Journal reported in April that the two companies were holding preliminary talks. Exxon has a market value of $436 billion, so the deal, which would be the biggest takeover of the year, should be easily doable.
  3. Offshore GOM lease sale postponed from last week to Nov 8 basically due to obscure and questionable whale environmental proposed regulation. New 5 year plan for the outer continental shelf just came out (finally) and feds are proposing one lease sale every other year for GOM and nothing in Cook Inlet. The last 5 year plan had two lease sales a year and that was kind of nuts, but every other year is a bit too few. Maybe one day we can get back to some level of consistency again. I'm all for offshore wind and renewables and energy diversification, but don't deliberately bite the hand that feeds you.
  4. Cara Delevingne
  5. They could use computer vision image recognition with either the existing cameras on the car or ones in a better position to pretty easily automatically monitor if they are outside the lines or not. I don't see any reason why that would be particularly difficult and it's super cheap. Don't need a massive sensor network on every track...that's overkill and not necessary. Then the drivers could have instant feedback and the video feed could capture a still image when it happens.
  6. I just finished the second book in that series, Eyes of the Void. It was excellent and I enjoyed the character development, particularly of Ollie and Kris. Looking forward to when the third book comes out in I think May. Have you read his Children of Time series? Completely different style but still excellent. I still need to read Children of Memory. In the meantime I'm finally getting around to reading some of Alistair Reynolds' stuff.
  7. MadTrapper

    Vinyl

    Got this baby today. One of my favorites albums and musicians.
  8. Went on Friday and did the bus from downtown. I was on the first bus in the morning and they seemed to run smoothly, though I did hear some stories of drivers getting lost. Came back after FP2. Food and drinks were good and I liked that they had water refill stations. Sun was brutal and shade was at a premium, but it's central Texas, so it is what it is. Overall a great experience. Turn 12 was amazing. Loved the smell of the breaks.
  9. Can they not just go on wets?
  10. Feel bad for the fans in Japan.
  11. Just curious...why no south Louisiana?
  12. RIP indeed to a legend.
  13. Props to @utee94 for the advice a couple months back. Ended up getting a reasonable turn 12 ticket on Friday at COTA for the USGP. Heading up that weekend for Alumni band for the Iowa State game, anyway. Going to be a great weekend.
  14. Just started rewatching it with my young daughters this time to see how they'd react to it and so far they seem engulfed. We started the pilot, but didn't finish it and I just skipped straight to the regular episodes. However, IMHO, I still think there's some really good writing in the pilot between Q and Picard.
  15. Yeah ok I see what you're saying about GA. That makes a lot of sense.for Friday and I'll probably just do that. Many thanks.
  16. So I'm looking at COTA tickets for Friday for the USGP. Any suggestions on where to get seats at COTA? Turn 1, 4, and 12 look intriguing based on the track layout, but I've not been there before.
  17. Perhaps, but telling him to box right in the middle of him trying to overtake Checo was really odd. Read the room, Ferrari.
  18. The optimist in me likes that Texags is relatively silent. But wth do I know because I don't do the tweets or facespace. The pessimist in me is full Brisket. Some existential shit.
  19. So it's basically a more expensive Erwin Center? Yay.
  20. Well besides the fact that the article is from 2019, FL also has a massive area offshore that is off limits due to military training operations. Florida has been off limits forever and that's not changing soon. Is there prospectivity there? Yes. But no one expects that area to open up any time soon. Click bait article and politicians doing politician things.
  21. DW Horizon was terrible, complacent, and unacceptable...full stop. It's also difficult to compare the dirtiness of the spill vs. the dirtiness of the CO2 emitted while producing the oil and gas. But it's a fair point to consider and try to quantity all associated risks. I just don't know how you do that in this case. The elephant in the room is carbon, though. And if you can produce 100 MMBOE with 10 wells instead of 100-200+ wells onshore that also require millions of gallons of water to complete, waste water disposal, trucking, more joints for methane leakage, more opportunities for HSE incidents, etc., then the decision to discourage offshore development is short-sighted IMHO.
  22. Yes, GOM does have a relatively low emission per boe produced. Thing is, the ruling had it's precedent set in a Hilcorp ruling from from a challenge of one of their Alaska developments (Pt Thompson, maybe?). Then that impacted Conoco's Willow project that got delayed to some degree based on a similar suit brought against them. The challenge from environmental groups was that the BOEM didn't properly take into account emissions from foreign oil production/consumption when coming up with the current 5 year plan (that ends in July, I believe). Apparently the projections BOEM used of CO2 emissions from foreign oil vs POTENTIAL oil produced from lease sales were not rigorous enough, which to my understanding is indeed the case, and the environmental groups exploited that inconsistency, just as they did with Hilcorp and Willow. The fact that emissions from GOM production is lower than most other sources is essentially irrelevant in the lawsuit. So the judge basically had his hands tied and legally made an appropriate ruling. The blame really lies with BOEM and not easily revising their CO2 calculations after they were challenged with the two AK suits and lost. Very frustrating.
  23. It's an interesting thought experiment for sure and I get the assertion that the higher spread between Brent and WTI was presumably good for the American consumer with respect to gas prices. A counter point would be that the export ban put US oil on the global market and helped drive down global oil price as shale oil flooded the market and WTI and Brent basically reached parity. Would that have happened if we still had the export ban? I'm not sure. Maybe to a lesser degree? But it seems like lifting it benefited the consumer for a good seven-ish years. In your scenario I would personally prefer no export ban compared to streamlining process restrictions. However, I'm not happy that there's still not the next 5 year offshore federal leasing program, which means there probably won't be one for another couple of years at best.
  24. So deals were made I presume?
  25. Any word from you NAPE folk about API's appeal of the DC court's decision to vacate the November lease sale? I don't necessarily blame the court decision. It seems like BOEM did a bad job defending themselves.
×
×
  • Create New...