Hey Oil Barons.......

[FartingMonk 3,612]

Marathon just announced 250 in house cuts

[Chewbacca 7,827]

Speaking of people working from home not really working, I heard that Oxy had their IT people start monitoring laptops because shit wasn't getting done and they shitcanned a bunch of people who weren't doing anything remotely.

[Okie State 3,888]

What would they even monitor? Internet activity? Hours in a spreadsheet? I assume that's easier now that everything is cloud based.

[bluto 4,980]

What would they even monitor? Internet activity? Hours in a spreadsheet? I assume that's easier now that everything is cloud based.

Mouse movement, application tracking, web history, keylogger just for starters.

There are perpetual mouse movement machines you can buy to counteract one of those above trackers.

[Chewbacca 7,827]

What would they even monitor? Internet activity? Hours in a spreadsheet? I assume that's easier now that everything is cloud based.

I think some people weren't even turning their computers on...

[DCA_HORN 725]

Cross them off then.

[Okie State 3,888]

I think some people weren't even turning their computers on...

Lol. Lazy bastards never cease to amaze me.

[billfromlaketravis 11,784]

1 hour ago, bluto said:

Mouse movement, application tracking, web history, keylogger just for starters.

There are perpetual mouse movement machines you can buy to counteract one of those above trackers.

Screen shots, Skype messages, the list goes on and on. All of our Skype messages get archived. I just text people from my personal phone if I want to talk shit about somebody. It’s not worth the risk to Skype. 
 

Allegedly there’s a new tattler program that sends screen shots to a third party IT company every 10 minutes. They then archive it and build an activity report they send back to the company. 
 

A lot of peers argue: well I’m reading a paper copy of a title opinion for hours, so it might appear I’m away from my computer. My counter argument, well If that’s true, I suggest moving your mouse every 5 minutes. 

[tx 3 putt 78,470]

2 hours ago, Chewbacca said:

Speaking of people working from home not really working, I heard that Oxy had their IT people start monitoring laptops because shit wasn't getting done and they shitcanned a bunch of people who weren't doing anything remotely.

[DCA_HORN 725]

Oasis filed a prepackaged deal.

[DCA_HORN 725]

This is a very complex question. Lots of ins, lots of outs, lotta what have yous. I'm going with 86 so far.

[tx 3 putt 78,470]

https://www.cnn.com/2020/09/30/business/shell-job-cuts/index.html

 

Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels.

The Anglo-Dutch company said Wednesday that it would cut between 7,000 and 9,000 positions by the end of 2022, potentially affecting more than 10% of its workforce. The total includes 1,500 people who have volunteered to leave the company this year.

[Eastwood 4,394]

14 hours ago, billfromlaketravis said:

A lot of peers argue: well I’m reading a paper copy of a title opinion for hours, so it might appear I’m away from my computer. My counter argument, well If that’s true, I suggest moving your mouse every 5 minutes. 

Why in the world would anyone read a paper copy of a TO in this day and age? A PDF TO, especially if the attorney was super generous and bookmarked or hot linked everything, allows you to immediately find whatever you want. Is a Requirement calling to an interest or other requirement? Ctrl F the name or Requirement or click the hyperlink. Especially if it is a DOTO.

This actually reminded me that last Nov. I had to contact an old wildcatter out of OK because he had a small WI in a unit I was working. Refused to deal over the phone and didn't have email. Said he would only correspond about the interest over snail mail. By the time we ever started getting any traction on it, the unit had been reshuffled in the drilling schedule. How that guy ever got anything done in a timely fashion in this day and age, I'll never know.

[billfromlaketravis 11,784]

1 hour ago, Eastwood said:

Why in the world would anyone read a paper copy of a TO in this day and age? A PDF TO, especially if the attorney was super generous and bookmarked or hot linked everything, allows you to immediately find whatever you want. Is a Requirement calling to an interest or other requirement? Ctrl F the name or Requirement or click the hyperlink. Especially if it is a DOTO.

This actually reminded me that last Nov. I had to contact an old wildcatter out of OK because he had a small WI in a unit I was working. Refused to deal over the phone and didn't have email. Said he would only correspond about the interest over snail mail. By the time we ever started getting any traction on it, the unit had been reshuffled in the drilling schedule. How that guy ever got anything done in a timely fashion in this day and age, I'll never know.

Boomers man, boomers. I know a couple attorneys in their 30s that like the paper copies too. Some people just like to highlight and write all over stuff. 

[HoustonFrog 368]

Oasis filed a prepackaged deal.

Run it back

[HoustonFrog 368]

Screen shots, Skype messages, the list goes on and on. All of our Skype messages get archived. I just text people from my personal phone if I want to talk shit about somebody. It’s not worth the risk to Skype. 
 
Allegedly there’s a new tattler program that sends screen shots to a third party IT company every 10 minutes. They then archive it and build an activity report they send back to the company. 
 
A lot of peers argue: well I’m reading a paper copy of a title opinion for hours, so it might appear I’m away from my computer. My counter argument, well If that’s true, I suggest moving your mouse every 5 minutes. 

I’m kind of in middle ground. I’m never actually away from my computer for more than 20 minutes, except occasionally during lunch hours. During this work from home I’ve probably put in more hours than when I was at office with less “gaps” in activity. That being said I do pull up ESPN and the 247 TCU board a couple times a day from the work computer and we use Skype for some convos that probably should be text messages. I’ve tried to warn people from putting dumb stuff in Skype, especially curse words, but some still do

[Fudge Nuggets 19,407]

I’m just happy I survived our latest round of cuts and don’t have to give a shit any more until next year’s round of cuts comes around.

[Patricio Swayze 17,058]

I’ve applied to 2 jobs a week on average since May. Haven’t worked since April. This sucks. So few jobs out there and the ones that pop up have so many people apply it’s tough to get noticed. I know people at chevron, Wood, Worley and some others that have been let go. Most haven’t found work yet. I am sick of this shit.

[Patricio Swayze 17,058]

I am a project planner with about 12 years experience (this was a second career).  Problems I am running into is no construction management degree (or engineering degree) and since covid hit, it seems like most companies are trying to cut corners and hire "project controls specialists" that do cost and schedule.  Most likely they are working these people to death.  I can definitely support cost and help out, but I am not a cost engineer by any stretch.  I can schedule the hell out of a project (lots of FEED experience).

[Hate 20,232]

I’ve applied to 2 jobs a week on average since May. Haven’t worked since April. This sucks. So few jobs out there and the ones that pop up have so many people apply it’s tough to get noticed. I know people at chevron, Wood, Worley and some others that have been let go. Most haven’t found work yet. I am sick of this shit.

I know exactly how that feels. I was out of work for a year. You’ll find something.

[HoustonFrog 368]

I’m not sure if possible, but if it is, I’d do everything possible to take this shitty “opportunity” to leave Energy

[Schulz2.0 29,243]

15 hours ago, Patricio Swayze said:

I’ve applied to 2 jobs a week on average since May. Haven’t worked since April. This sucks. So few jobs out there and the ones that pop up have so many people apply it’s tough to get noticed. I know people at chevron, Wood, Worley and some others that have been let go. Most haven’t found work yet. I am sick of this shit.

My wife does QA/QC for construction projects. One of the contractors on her project overheard one of their supervisors talking about the order of people about to be laid off from that contractor after the project ends because the cities and state (Colorado) are out of money to fund more construction projects. Shit's going to get worse, unfortunately.

[Patricio Swayze 17,058]

I’m confused by what this is. Can you explain?  Like midstream projects?  The drilling of a well / water flood?  
What is your first career?

I was responsible for the planning of the engineering and design of projects (mostly upstream). A large platform may require a schedule of 10,000 plus activities for the FEED portion. I make sure the work is planned out in a timely and hopefully realistic duration, then tracking progress and working with management to make sure we stick to the schedule or develop mitigation plans when the project team falls behind.

I worked in music.

[jeevsie 3,781]

♪ Gold records on the wall? ♪

[3adays 454]

This kind of random, but I thought I’d ask in here before possibly reaching out to an O&G attorney. 

I oversee the estate of a buddy on mine who passed away a few years ago. The estate includes mineral rights in west Texas that Kinder Morgan operates. Yesterday I received a letter asking me to give them permission to conduct a Seismic Survey. Is there any reason NOT to allow them to conduct this survey? 

[Patricio Swayze 17,058]

If drilling activity picks back up, will your specific role be more sought after again?  And would it be more in demand because of increased activity, or the likely uptick in commodity prices that would drive the increased drilling?

Yeah, when owners start to spend money again designing platforms or even doing larger brownfield jobs, my role will be needed.

[Schulz2.0 29,243]

Pretty sure I'm safe (union), but I know others that probably aren't. My wife had interviewed for a position that probably won't be filled now.

https://www.660citynews.com/2020/10/02/more-layoffs-reported-at-suncor-energy/

[DCA_HORN 725]

This kind of random, but I thought I’d ask in here before possibly reaching out to an O&G attorney. 
I oversee the estate of a buddy on mine who passed away a few years ago. The estate includes mineral rights in west Texas that Kinder Morgan operates. Yesterday I received a letter asking me to give them permission to conduct a Seismic Survey. Is there any reason NOT to allow them to conduct this survey? 

Does the estate own the surface rights? Either way not really a reason to say no.

[3adays 454]

19 minutes ago, DCA_HORN said:

2 hours ago, 3adays said:

This kind of random, but I thought I’d ask in here before possibly reaching out to an O&G attorney. 
I oversee the estate of a buddy on mine who passed away a few years ago. The estate includes mineral rights in west Texas that Kinder Morgan operates. Yesterday I received a letter asking me to give them permission to conduct a Seismic Survey. Is there any reason NOT to allow them to conduct this survey? 

Does the estate own the surface rights? Either way not really a reason to say no.

No, just the mineral rights. Thank you for the response, looks like I’ll let them do the survey. 

[Goofyboy 3,428]

I was responsible for the planning of the engineering and design of projects (mostly upstream). A large platform may require a schedule of 10,000 plus activities for the FEED portion. I make sure the work is planned out in a timely and hopefully realistic duration, then tracking progress and working with management to make sure we stick to the schedule or develop mitigation plans when the project team falls behind.

I worked in music.

Realistic.... that made me laugh.

[Cajun 11,771]

No humblebrag b/c I did nothing whatsoever to deserve it, but I just got in my 6th DO in the last two months from Marathon for new drilling in established fields (is that the term?).

All Karnes County.

Definitely filing in the "I did not expect that shit" drawer.

[Eastwood 4,394]

No humblebrag b/c I did nothing whatsoever to deserve it, but I just got in my 6th DO in the last two months from Marathon for new drilling in established fields (is that the term?).
All Karnes County.
Definitely filing in the "I did not expect that shit" drawer.

Might be hitting a different formation in a field using Leases that are held by production. If you have older leases that don't have Pugh clauses or depth severance that haven't been released, you can pool the old leases to form new units.

[Cajun 11,771]

@Eastwood

Here's how one of the cover letters reads.  Learn me Bro!

 

 

Edited October 4, 2020 by Cajun

[Eastwood 4,394]

[mention=247]Eastwood[/mention]
Here's how one of the cover letters reads.  Learn me Bro!
 
 

Yeah, they are probably pooling some leases out of those two units to make a new unit that is in a different formation. It's been a long time since I was involved in Karnes, but Marathon at one time was tinkering with formations as deep as the Pearsall, which is very deep. I don't think they ever got anything really going that deep, though. Shoot me a PM and I'll see what the permit situation looks like in that area when I get some free time.

If anything is concerning you, though, I'd give them a call. There are so many variables in these situations that I wouldn't be able to give you a 100% answer.

[Cajun 11,771]

Well, maybe it's my ignorance, but I'm not seeing what the downside could be?

That said, my ignorance is long and distinguished.

 

[Patricio Swayze 17,058]

Realistic.... that made me laugh.

Realistic is relative.

[Neonmoon 38,130]

50 minutes ago, Cajun said:

Well, maybe it's my ignorance, but I'm not seeing what the downside could be?

That said, my ignorance is long and distinguished.

 

They are proposing an allocation well. Meaning, they are drilling a lateral across two units. Your interest will be calculated against an allocation factor, depending how much of the productive lateral is within each unit. There really isn't a downside as a mineral owner as it just means more money to you. But some mineral owners could get fussy depending on the situation. For example, if you own a large portion of a unit and none of the second unit, and they drill only a small portion of the lateral across your unit, but more in the other unit, one might argue it's not worth if for that big owner as he would get more value if the oil company just drilled a single unit well. Other factors come into play like, how many wells are in the unit? Is this the same formation? More production is better than no more production. Allocations wells are ways companies can drill wells economically in this price environment, so if you don't sign the agreement, maybe the won't drill any more wells? Lots of ins and lots of outs. 

 

[Cajun 11,771]

^^Your last sentence is perfect b/c half way through reading I had already decided to post this...

 

[Neonmoon 38,130]

Pretty much. I do these crazy ass calculations all day. In simplest terms, they are just drilling a longer well and want you to agree to pool your lease with other leases and agree to the allocation of payment so you don’t sue them. I would need to see the actual PSA to see what it says. My official advice would be to consult an attorney as the PSA could amend your lease. My surly advice would be fuck it dude, sign it, just more royalties down the line. 

[Fudge Nuggets 19,407]

3 hours ago, Neonmoon said:

if you don't sign the agreement, maybe the won't drill any more wells?

Do us all a solid and don’t sign it.  Last thing we need right now is even more wells.

Thanks,
Everyone employed in the domestic O&G Industry

Edited October 5, 2020 by Fudge Nuggets

[Neonmoon 38,130]

Texas originally required 65% of all owners to sign to get a permit in Texas. Now I don’t think they even require them at all to get a permit.  There isn’t any case law on it on Texas. So they’re probably going to drill the well no matter what 

[billfromlaketravis 11,784]

3 hours ago, Neonmoon said:

Pretty much. I do these crazy ass calculations all day. In simplest terms, they are just drilling a longer well and want you to agree to pool your lease with other leases and agree to the allocation of payment so you don’t sue them. I would need to see the actual PSA to see what it says. My official advice would be to consult an attorney as the PSA could amend your lease. My surly advice would be fuck it dude, sign it, just more royalties down the line. 

Thank God I don’t have to deal with this right now, but this is the most concise explanation I’ve ever read.

[Eastwood 4,394]

Texas originally required 65% of all owners to sign to get a permit in Texas. Now I don’t think they even require them at all to get a permit.  There isn’t any case law on it on Texas. So they’re probably going to drill the well no matter what 

Certain companies are more than happy to do the bare minimum of contact and then force pool if they don't get something signed. Don't like it? Sue.

[Cajun 11,771]

On 10/4/2020 at 4:57 PM, Neonmoon said:

Pretty much. I do these crazy ass calculations all day. In simplest terms, they are just drilling a longer well and want you to agree to pool your lease with other leases and agree to the allocation of payment so you don’t sue them. I would need to see the actual PSA to see what it says. My official advice would be to consult an attorney as the PSA could amend your lease. My surly advice would be fuck it dude, sign it, just more royalties down the line. 

Thanks Neon and Eastwood.  I'm going the "fuck it dude" route, because I'm stupid that way.

[Bookman 4,754]

On 10/2/2020 at 11:01 AM, 3adays said:

This kind of random, but I thought I’d ask in here before possibly reaching out to an O&G attorney. 

I oversee the estate of a buddy on mine who passed away a few years ago. The estate includes mineral rights in west Texas that Kinder Morgan operates. Yesterday I received a letter asking me to give them permission to conduct a Seismic Survey. Is there any reason NOT to allow them to conduct this survey? 

I'm an oil and gas attorney.

Why would you give them a look under the skirt?

[Bookman 4,754]

Regarding allocation wells, the standard production sharing agreement has recitals that are completely unnecessary and are not in the landowner's interest.

[Storm the Field 5,362]

On 10/4/2020 at 7:28 PM, Neonmoon said:

Texas originally required 65% of all owners to sign to get a permit in Texas. Now I don’t think they even require them at all to get a permit.  There isn’t any case law on it on Texas. So they’re probably going to drill the well no matter what 

Within the last 2 years, I started seeing more and more Lessor-drafted lease forms that specifically preclude the Lessee from including the Lease in a PSA well or an allocation well without written consent. 

[sunset87 253]

10 hours ago, Bookman said:

I'm an oil and gas attorney.

Why would you give them a look under the skirt?

Unless they own 100% of the mineral rights (not likely in West Texas), can't they just permit other mineral owners under that tract?

[DCA_HORN 725]

I'm an oil and gas attorney.
Why would you give them a look under the skirt?

Considering its kinder they are probably going to start or optimize a flood on existing wells and thus would maximize production.

[Eastwood 4,394]

Unless they own 100% of the mineral rights (not likely in West Texas), can't they just permit other mineral owners under that tract?

Pretty much. As long as a non-zero amount is permitted, they can go ahead. I can't remember the case off the top of my head, but there is a specific case that dealt with trespass and seismic.