DCA_HORN

So just to be clear you left Dallas and didn't stop at fuel city or Czech stop?

I'd like to give an official fuck you to KHOU for airing some mega church bullshit instead of the sweet stylings of Jim Nantz.

Usually play golf on the ps4 with a couple of friends. Just finished playing poker with 6 or 7 tonight. Poker stars has a home game option. Then have zoom in the background. As close as it gets to normalcy these days.

That deal really summed up the all complicit part.

Buried in the article earlier was that the banks expect to get zero dollars back on the Sanchez deal. That's impressive.

I was sitting in front of the third tree at the :57 mark.

That's the one.

I don't have any interest in this show but I do have interest in the blind in the redish bikini. Quien es? Para mi amigo.

Not when you model 4000 wells per section all at the top EUR in the basin.

In short yes we were all complicit. A few things though. When this all started 15 years ago we were entering a brave new world. Geology and petroleum engineering are not exact sciences. I first saw interference or parent child relationships in the Barnett for obvious reason 8 or 10 years ago. It was known this would continue as the other basins developed. Companies always have excuses for these things. They kept using the top type curve in the basin unconscionably. There were companies spending many times cashflow a year before they looked back and realized what was happening. Everybody predicted after 3 or 4 years of spending like crazy cashflow would start to pay for the Capex. Not many ever made that happen even in increasing price environments. Then after 08 when the contango market started to go away people stopped hedging much. Rocked along until late 14 and then bam. Add in second liens term loans bonds whatever as a permanent part of the cap stack and you have major problems. Those who could rolled the debt and hung on. The 15 crash should have been much worse. We got back to 65 in 16 and everybody thought we were back. /sam. Nobody learned a thing and we started drilling longer better wells as we learned more about completions. Production ramps up and even with steady demand we were in the crash course into the mountain even before this fucking virus. There might be 10 companies left after this is done. And yes people who didn't hedge at 65 last year deserve everything they get. Then add in stupid G&A in a lot of cases. Also arrogance/selfishness of management teams and it is a total shit show. There was just too much supply of cheap money which led to greed. Everybody overpaid for "world class assets" to justify their position. In the end the real winners are the companies who put 25k acres together early on and flipped it to some other schmuck. And of course the workout firms. And the lawyers. They always win.

Ive got a box of the walt and Jesse cooking outfits from Halloween years ago. I might have to break them out.

Well distilled spirits are carb free. Win win.

Well how dare you expect them to hedge into a backwardated curve? How can you expect me to hedge into a con tango market? Prices are going up!

Not many PE companies with dry powder to do it.

A year?

Zalat pizza is the most quintessentially Dallas thing ever.

I hope they make it. It seems well run and I like their sandwiches.

There's a little boy and on his 14th birthday he gets a horse... and everybody in the village says, "how wonderful. The boy got a horse" And the Zen master says, "we'll see." Two years later, the boy falls off the horse, breaks his leg, and everyone in the village says, "How terrible." And the Zen master says, "We'll see." Then, a war breaks out and all the young men have to go off and fight... except the boy can't cause his legs all messed up. and everybody in the village says, "How wonderful."

Wasnt that what the zone read was?

Studdard was never the biggest or most talented but give me five of him right now.

The maid looks like one of vic's girls

Hank

Was at the game and only had the replay on the shitty big screen. I thought we were fucked.

I know this has been covered but I'm watching the rose bowl, wide is cleaning before the maid comes tomorrow. I just don't get it.

He did the ou game that year.