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Grimas

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Posts posted by Grimas

  1. 1 hour ago, Rex Kramer said:

    Autocorrect. It’s either mmbtu or mcf. Mmcf is entirely too cheap. The metric is per thousand cubic feet - not million. 

    Duh - my brain fart and you are correct that it's a thousand and not a million.  I'm used to thinking reserve numbers and European conversions to BTU's and not daily rates on the units, just the price...

    MCF and MMBTU's..  Close but not the same...

  2. 39 minutes ago, Rex Kramer said:

    $20/MCR is REALLY fucking cheap. 

    Not Art. But a lot of my thinking is shaped by Goehring & Rozencwajg. 

    Anyone here attend the Dallas Fed guy talk today at Haynes Boone’s office?

    Never heard of /MCR...  Natty is currently- just under $2/MMCF (million cubic feet of gas volume) and hasn't been above $10 in forever so I'm not sure if we are talking the same acronyms...  $20/MMCF would be a godsend for the industry...

  3. Sorry my analogy wasn't specific to Poland on the pricing but more the US of the 2 vs $20/MMCF but rather the point is that if the commodity prices go up considerably, there are resources out there that you wouldn't even sniff at today would be attractive at much higher prices. (Poland wells weren't close to economic when I was involved 15 years ago but at some point in the future, even a pig looks attractive when the price is high enough...)

    Rex - are you Art Berman?  He's been screaming that about the shale gas (actually tight gas reservoirs) for years...  :)

  4. And US shale plays are dying out. Barnett and Haynsville plays are in steep decline and Utica is headed that way. Looks like Balkken, EF and Permian have probably reached peak production and will probably start their decline in the next few years… All the best wells have been drilled and even with new technology, you’re spending more to get less per well…

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  5. 1 hour ago, CycleTex87 said:

    There’s a metric butt load of infrastructure and knowledgeable work force (service companies, sand haulers, chemicals, electric power distribution, etc just to name a few) required for the shale production which has all matured in the last 10-15 years in the Permian among others.  Chulas who drive Escalades and husbands work on frac crews say hola. 
     

    Might be hard to replicate that in a place like Algeria or Azerbaijan or someplace.  

     

    That was an expansion one of my points. Several companies tried unconventionals in Poland about 15 years ago and (besides the low TOC of the Devonian and Silurian shales) all the lack of infrastructure (sand, water, pipelines, fracking trucks, etc) made it uneconomic.  Maybe someday if gas is $20/MMCF but probably not in my lifetime…

    As for the other comments about surface rights vs mineral rights, pretty much anything that applies in the US does not apply outside the good, ol’ USA… The government/crown owns the mineral rights and too bad if you own the surface rights - you get paid next to nothing which is one reason they protest so loudly (at least in Europe).

     

     

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  6. On 4/8/2024 at 10:17 AM, lucious leftfoot said:

    Anecdotally, my wife says she's noticed that a couple of moms obviously on it have god awful breath. I'm guessing it's from the food backed up in their stomach.

    I was gonna joke that it was semen breath but then I saw the word "moms" (ergo wives) in the comment...

  7. 1 hour ago, CycleTex87 said:

    I guess my question is re: #3 - How much unconventional (shale) production is there outside of North America?  That technical know how can certainly be done internationally.  Though I’m not a geologist I assume there are comparable shale beds in other prolific fields around the world.  

    Lots possible but also banned in places like Europe.  (Some current plays active in places like Argentina.) Several big issues - need lots of water as well as infrastructure like pipelines to get product out as well as lack of equipment outside the US.  Biggest issue besides "fracking bad" politics is the land ownership.  In most countries, mineral rights are owned by the government and not the land owners.  It's one thing to have a well on your property when you are getting a mailbox check and another when someone wants to put a well in your yard and all the money goes to the government and not you...

    If I recall correctly, SLB geologists estimated Algeria had the best shale play in the world but since they have so much conventional resources still to be developed, unconventionals wouldn't happen for forever.  That and the military risks there...

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  8. Always protest if you can make a case for lower numbers. I had a service once who said “ yes,  your assessment went up 20% but since you have homestead exemption of 10%, we won’t file for you…”. Fired her since that is then agreeing that the value did indeed go up 20% and my 10% increase is in the books for next year (plus the additional increases…) There are some services I got from Surly that will get you a comp report with their values for around 100$/year that you submit as an affidavit and don’t have to appear at the hearing… (you do have to go to tax office to submit the documentation…) I’ve had my values dropped every year from the original assessment by the CAD after protest…

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  9. I have sympathy and empathy for those with mental health issues having dealt with close relatives who have spent years being bipolar (hello Rusk!) and cyberbullying.  But airing them on a public forum isn't the place in my opinion. Take it offline/out of the public domain! I do appreciate/applaud Blacklab reaching out to the gentleman  - as I think most people would do especially if they knew they could have prevented someone from causing physical harm to themselves... 

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  10. I've been around since Shaggy but mainly as a lurker for sports but also for other topics and purposely stay off CR and appreciate the mods shutting down discussions that should be in CR - if I want that shit, I go to other sites. Talking shit - outside of the "normal" Surly shit most people give each other on here which I actually appreciate - should get you banned...  His site, his rules...  It's the frigging internet - who cares if you and you momma and a mod had discussions.  Go somewhere else if your feelings get hurt and you can't take it - you got thousands of other choices... (Yea, I'm old school but tough shit...) I've never blocked anyone and just ignore stupid people or just ignore those disagree with - at least on here. Opinions are like assholes - everyone has one but I can chose to ignore what I want... That's what the scroll wheel is for on your mouse. Bye Derka! Play with fire and get burned...

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  11. On 3/28/2024 at 9:32 PM, wild_turkey said:

    Anyone know if a 1 hr 40 minute connection in Madrid is long enough, going from PMI-MAD, connecting to MAD-DFW? Seems like I would arrive in T4, need to clear passport control, then depart from T4S.

    I think 60 minutes is the recommended transfer time so you should be good. The train between the 2 is 5 minutes. The only bitch is that every flight I’ve been in there is the last gate in the terminal so you have to hoof it quite a way to get to the “middle”  of the terminal where the train (and baggage and customs are)…

  12. Was going fishing with my old man down in Freeport when the car decided to die 3/4 of the way up the bridge over the intercostal. It was a 2 lane bridge at the time and I recall sitting in the passenger seat staring over the edge for at least an hour while we waited for a tow.  Hate big bridges to this day…

    On topic- I’ve got a buddy up in Baltimore right now as he’s been contracted to work on the bridge removal. Only comment from him yesterday was “it’s a shit show…”

  13. 16 hours ago, Slacks said:

    Geographist?

    Geographer...  FYI - lots of GIS specialists in O&G mainly for well and facility plots that are submitted to governmental agencies and data used in interpretation software. I remember a story years ago of one of the super majors drilling multiple 30MM dry development wells in the North Sea because the pre-drill plats were using magnetic North instead of True North... (I think it was a 14deg. difference... doh!)

  14. So I have a few questions that I was hoping to get answered...  I own a rental house that has roof damage but the contractor said it was hail and wind during a recent named storm. (It's a well known roofing company and not a storm chaser.)

    My deductible is 2% or which is about $9300 for wind and hail damage for named storms.  I have the cash but have 200K in equity built up in the property. Is it better to go with a HELOC or a refurbishment loan with the current rates?  ( I have an excellent credit rating so that shouldn't be an issue...) 

    Separately, I was planning on a HELOC on my house for college payments as I'd like to take advantage o the equity I've got in my own house and not just pay cash. 

    Questions - do I do the HELOC for my house first as it'll be a larger amount?  Does a HELOC (or refurb loan) on the rental give me a credit hit that would make the HELOC on my house tougher? Where do you get HELOC's? Mortgage companies or via a different lender? And I assume that filing a claim on the roof for the rental will also increase the premium... (Filed a claim a few years ago for burst pipes during the big blackout/freeze...)

    PM me if one of you guys want to discuss offline...

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