Jump to content

Hey Oil Barons.......

936horn

By 936horn
in Business and Markets

 Share

Recommended Posts

pearlandhorn

pearlandhorn 3269

Posted
Posted

O&G stocks are up, along with a 4% increase in WTI.  Found this interesting read as well:

 

https://oilprice.com/Latest-Energy-News/World-News/Trump-Administration-Finalizes-Alaska-Oil-Drilling-Plan.html

 

I work in offshore (GOM).  We're a vessel company on charter with the supermajors.  It's been a hell of a year (even the last 3 years have been rough).  Hopefully we're turning a corner.

Link to comment
Share on other sites
  • Replies 6.8k
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

Pescado_Rojo
Pescado_Rojo

I bet you could score a Lafayette 10 for a mani/pedi gift card and a pound of boudin right now.  I was sitting in a Starbucks by the med center in Laffy once, and a brand new white Escalade, lift

Rimbo
Rimbo

If you're Trump right now, you're watching Fox News, eating a cheeseburger, and getting mad about the lyin' media and preparing your next tweet about how some lupus treatment should be given to your s

fattyflattie
fattyflattie

My time finally came last Friday AM. I have survived around a dozen, give or take 1-2, since ‘08.  I was consulting for a project set to go in ‘22, but with all the uncertainty, it sounds like they’ve

Posted Images

billfromlaketravis

billfromlaketravis 11458

Posted
Posted
1 hour ago, Eastwood said:

Saudi personally cutting 1 million on top of the OPEC+ cuts. Guess trying to drown out US producers for the last 6 years didn't work out so well.

They underestimated the resiliency of US producers while decimating their sovereign wealth fund. It couldn't happen to a nicer group of guys. 

  • Hook 'Em 1
  • Like 5
  • Haha 1
Link to comment
Share on other sites
UT_OB1

UT_OB1 2218

Posted
Posted
On 1/3/2021 at 5:33 PM, Tex48 said:

Do yall think anyone in oil and gas (Upstream, midstream, or downstream idc) is going to do any hiring for engineers this spring?  I'm graduating this Spring from Cheme and worked for a pretty well known E&P as an intern before covid cancelled my second internship.  I loved the work and don't want to give up on the industry yet.  

Yeah, there is still going to be plenty of hiring for a long time. Things may change, but they always have been. Oil and gas isn’t disappearing over night or even over the next couple decades. 

Link to comment
Share on other sites
Eastwood

Eastwood 4394

Posted
Posted
Something wrong with the RRC website? I'm only seeing one drilling permit application filed so far this week, which can't be right. There are usually 10-20 filed each weekday, even in the deepest depths of the downturn.  
Technical issues has their Drilling Permit Query out of whack. They are working to fix it.
Link to comment
Share on other sites
billfromlaketravis

billfromlaketravis 11458

Posted
Posted (edited)
3 minutes ago, Dr. Beeper said:

A little of both. Though I am pretty bullish on crude. Not as much as I was when we were hovering at $40 forever, but I think there’s a good chance we average $55-$60 this year. 

Works for me. Our VP was openly praying for $40 for much of last year. 

Edited by billfromlaketravis
Link to comment
Share on other sites
Horns99

Horns99 155

Posted
Posted
Natty been hammered last few days. Discuss. 

Pretty simple, the fucking weather models keep failing. They show cold & then as we get closer, poof it vanishes. Market giving up on Winter right now. Plenty of freaking gas in storage right now.


Sent from my iPhone using Tapatalk
Link to comment
Share on other sites
The Royal We

The Royal We 3072

Posted
Posted
22 minutes ago, Dr. Beeper said:

It’s shit like this - on Day 1 - that will drive prices higher. Good. 

My thought too. 

This is only phase IV and I thought that was mainly to transport Canadian syncrude and oil sands crude down to Nebraska.  So it might effect Bakken producers, but I don't think there are takeaway issues there currently anyway, correct? 

Link to comment
Share on other sites
billfromlaketravis

billfromlaketravis 11458

Posted
Posted
8 hours ago, The Royal We said:

My thought too. 

This is only phase IV and I thought that was mainly to transport Canadian syncrude and oil sands crude down to Nebraska.  So it might effect Bakken producers, but I don't think there are takeaway issues there currently anyway, correct? 

Canadian oil sands are only profitable at what, $100+ oil right? I'd say economics killed the Keystone XL long ago. Approving or cancelling the permit was a largely symbolic political gesture. 

  • Hook 'Em 1
Link to comment
Share on other sites
Johnny Chimpo

Johnny Chimpo 478

Posted
Posted
35 minutes ago, billfromlaketravis said:

Canadian oil sands are only profitable at what, $100+ oil right? I'd say economics killed the Keystone XL long ago. Approving or cancelling the permit was a largely symbolic political gesture. 

Well you need to take into the account the discount between WTI to western Canada select.  More export capacity means a lower discount. The below interactive chart shows how bad it can get sometimes ($40+ difference). 
https://economicdashboard.alberta.ca/OilPrice

 

Link to comment
Share on other sites
The Royal We

The Royal We 3072

Posted
Posted
41 minutes ago, billfromlaketravis said:

Canadian oil sands are only profitable at what, $100+ oil right? I'd say economics killed the Keystone XL long ago. Approving or cancelling the permit was a largely symbolic political gesture. 

Exactly - it’s a talking point for people that want to scare everyone. 
 

And yes, it would lower differentials for oil sands crude, but why do we want to do that again? That process is environmentally destructive af and we are swimming in domestic production. 

  • Hook 'Em 1
Link to comment
Share on other sites
billfromlaketravis

billfromlaketravis 11458

Posted
Posted
3 minutes ago, The Royal We said:

Exactly - it’s a talking point for people that want to scare everyone. 
 

And yes, it would lower differentials for oil sands crude, but why do we want to do that again? That process is environmentally destructive af and we are swimming in domestic production. 

This. It is nasty, nasty business. I know it was developed at a time when the US/Canada were desperate for North American oil, but I'm still shocked the Canadian government approved it. 

Link to comment
Share on other sites
Johnny Chimpo

Johnny Chimpo 478

Posted
Posted
1 minute ago, billfromlaketravis said:

This. It is nasty, nasty business. I know it was developed at a time when the US/Canada were desperate for North American oil, but I'm still shocked the Canadian government approved it. 

Maybe you guys have never been to the heavy oil fields in San Joaquin valley. We are doing the exact same shit in California boys. 

Link to comment
Share on other sites
Armybrat

Armybrat 40832

Posted
Posted
21 hours ago, The Royal We said:

My thought too. 

This is only phase IV and I thought that was mainly to transport Canadian syncrude and oil sands crude down to Nebraska.  So it might effect Bakken producers, but I don't think there are takeaway issues there currently anyway, correct? 

The spread between Bakken crude and WTI has been running about $10/bbl for the past few years. Mostly because of higher transportation costs. Last month’s royalty check from Continental Resources reflected a sales price average of about $37/barrel. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing


Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business and Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Subscribe!... Donate!... Advertise... COOKIE MONSTER!

×
×
  • Create New...