-
Posts
548 -
Joined
-
Last visited
Content Type
Profiles
Forums
Store
Downloads
Recruiting - 2020
2019-2020 Football Season
Football
Entertainment
Sports
News and Business
Cloak Room
Transfer Portal
Recruiting
Events
Posts posted by Archer
-
-
- Popular Post
- Popular Post
-
On 6/26/2020 at 7:42 AM, Al_4_ISU said:
Kyle Nix's album is out today.Ā It's really solid.Ā The playing and production are stellar.Ā He's obviously not at Felker's level as a songwriter (in my opinion almost no one is), but there are some damn good tunes in there.Ā "Manifesto", "Sweet Delta Rose", "Blue Eyes", "Graves", and "Shelby 65" are probably my favorites.Ā I love all the instrumental transitions as well.Ā It's definitely put together as an album, instead of a collection of songs.Ā Perhaps more so than any of the Turnpike albums were.
Itās on Amazon Music Unlimited if anyone subscribes.Ā I added it this morning after seeing this post.Ā
-
On 6/8/2020 at 6:25 AM, Okie State said:On 6/8/2020 at 6:14 AM, Nice Guy Eddie said:Im with you in that I shook my head at seeing how long term employees could be treated for really doing nothing other than (probably)Ā having a high salary. The one criticism I have of those employees is that they must have been blind to seeing what was a strong possibility. Big Oil almost alwaysĀ payĀ well and has great retirement benefits. Employees should not squander those opportunities with a planĀ to catch up financially closer to 65. Be prepared to leave at 55, and you hangĀ on past 55Ā thatās just a bonus.
That's what I'm doing. I told my wife we're saving all we can now because we don't know how long it will last and I don't know where else I could go and get the same benefits or better.
Absolutely this.Ā
ĀWe are saving and investing to get some secondary income for when this ends IĀ only need toĀ replace 50% of my income not 100%.Ā
-
2 hours ago, seven said:
Ā
shot her uncle (his father) 38 times with a revolver.
I like his determination and persistence, you donāt see that kind of work ethic in kids these days.Ā
-
2
-
-
I knew one of the girls killed in the āCathouse Murdersā, she was a bit nerdy and awkward as a young girl. Donāt remember the last time I saw her though.Ā
-
1 hour ago, Hate said:
They are on it while taking the picture of their setup.
This guy oilfields.Ā
-
12 minutes ago, 52-80 said:
A gigaton of you work directly in or around oil.Ā What's happening in your neck of the woods?Ā Friends brothers mothers neighbors getting shit canned?
I'm seeing colleagues and acquaintances and 2nd and 3rd order networked people dropping out of employment every single day.Ā I didnt live through the 80s market, but this is an exodus that seems a magnitude worse than '08.Ā This time it really seems irreversible in terms of the culture of the high flying days
My LinkedIn has been a bloodbath, lots of tenured people saying they have been let go.Ā
ĀMy wife is considering voluntarily leaving the industry to diversify our income streams. Hasnāt decided but seems to be leaning that way. Would be nice if it wasnāt the worst job market since the ā30s.Ā
-
1 hour ago, Fudge Nuggets said:
Earnings calls for next week:
Monday
CLR (time not supplied)
KDP amc
FFIV amc
NOV amc
OII (time not supplied)Ā
Tuesday
MMM bmo
GOOGL amc
LUV bmo
AMD amc
MRK bmo
F ???
SBUX amc
CAT bmoĀ
Wednesday
ADM amc
AZZ bmo (no idea who they are, but that ticker tho)
YUM bmo
BA bmo
GE bmo
RCL bmo
CVS bmo
ĀThursday
FLWS bmo (more dead people, more flowers?)
AMZN amc
AAL bmo
AAPL amc
UAL amc
DNKN bmo
BZH amc
TAP bmo
WDC amc
ĀFriday
ABBV bmo
XOM bmo
CL bmo
CLX bmo
CVX bmo
ĀOverall pretty interesting week.Ā I think we get a better feel for whether this last month run up is smoke and mirrors or the real thing between Wednesday and Thursday.Ā If there is a big "sell the news" after AMZN, AAPL report or maybe we get a "meh, it's priced in" after UAL and AAL shit the bed.
I haven't read up on many earnings calls, but the few I have it seems management is not providing any guidance at all for the rest of 2020.Ā So basically the market appears to be working off the old numbers because why not?
I took small nibbles on several on those list today so I am sure they will crash during earnings next week.Ā
-
3 minutes ago, TonyTexas said:
Does the Ā strategic petroleum reserve have itās own storage?
Yes. Underground salt cavernsĀ
Ā
https://www.energy.gov/fe/services/petroleum-reserves/strategic-petroleum-reserve
-
Get an Assault Bike and crush your soul, once a week Iām doing 15 second sprints and I want to die.Ā
-
2 hours ago, Jkwellborn said:
Nothing wrong with Sig. One of my buddies used to collect them. He shot the shit out of them. The mosquitos were picky about ammo. Was the 250 the one that had the drop issue?
That was the 320
-
1
-
-
2 hours ago, PenelopeWitherspoon said:
Ā
Shutting in a well temporarily can damage it, with production never getting back to the pre-shifting levels.Ā
Ā Very dependent on the rock,Ā Iāve seen some that will pop right back on trend and others that are permanently damaged.Ā
ĀIve heard some discussion that if people donāt want to DUC wells of completing them flowing back the load to get to res conditions and then SI.Ā
-
16 minutes ago, Dr. Beeper said:
I believe youāre a small producer. I donāt think youād be impacted in the slightest, except the price might rise a bit. This is to avoid disorder. Struggling large companies (Marathon, EnCana)Ā might sell whatever they can to generate enough cash flow toĀ hang on.Ā
I think this is much ado about nothing for the most part. Companies are gonna curtail anyway, mostly, because wellhead prices will remain so low for a multi-month period. However low theyāll be in May, I canāt see em getting much better in June. I honestly wonder when it will turn around.Ā
Edit to conclude I donāt know how I feel about prorations - so long as theyāre temporary.
Iām actually a worker bee cog in the wheel, at one point I had dreams of a smallĀ fleet of stripper wells but not sure how feasible that is anymore. Ā I do have several goodĀ buddies that are small operators and OBO companies so I get to see their trials and tribulations. Ā
ĀMy Pioneer anger goes back a few months beforeĀ their latest proration pleas.Ā
ĀĀ
-
Man, fuck Pioneer. Those assholes (CEO) have done several things lately that have pissed me off. I get that they are trying to talk shit to get a stock bump but are trying to cut everyone elseās throat to do it.Ā
-
14 minutes ago, Mighty fine said:
I'm tracking with you on that. And yeah, the development density is critical recycle operations to be feasible economically. Regulatory headwinds still pose a challenge to recycle in some areas; funny enough, I don't believe University Lands allowed large scale produced water recycle/ reuse on their leases until 2017 or 2018.
ĀArticle on RRC recycling in Marcellus. I remembered seeing it in a feed a while back and dugĀ it up. They claim to have been using recycling for a decadeĀ but are still having to supplement with fresh. Specifically point out the differences in TX and PA SWDs
https://www.hartenergy.com/exclusives/early-adoption-water-recycling-186064
Ā
-
1
-
-
12 minutes ago, Mighty fine said:
But at what percentage within their operation?
Upstream E&P life cycle water management has really grown in the last decade; the produced water managment subsection has really taken off since 2013-2014 or so. The stuff that PXD, DVN, SWN, etc, have been doing on the water side is pretty damn cool and innovative. But let's not pretend that every major player isn't poking new water wells to support growing ops, either.Thatās a fair question, what I am seeing is nearly 100% is using produced water, but I can admit that I may have some blinders on.Ā
ĀIāve been in a couple data rooms in the pastĀ yearĀ and even the PE backed sellers are designing their infrastructure and putting in recycle pits to enable produced water reuse. In full transparency they were using water wells to proveĀ their acreage but they werenāt and probably wonāt be to a development level that supports actually reusing water. They are using it as a carot for the buyers who do care about it.Ā
-
22 minutes ago, Mighty fine said:
He may have been referring to the quantities of relatively fresh water being consumed as opposed to water quality/ pollution potential
Almost every major player is reusing produced water for fracs either 100% produced or blended with some fresh water. Itās a green/green solutionĀ
-
1 hour ago, sunset87 said:
I would think the percentage of production that is profitable at $20 to $25/bbl can't be too high.Ā
It depends on how you look at it, by well count you're correct that most wells are not going to be profitable at $20. OnĀ a production basis IĀ bet a lot more is profitable than thought with the decline rates of the big shale rates and how much they produce early time.Ā
ĀAt $20 40%+Ā of my wells are losing but 98% of my production is profitable. Mix of strippers and horizontalsĀ
-
1 hour ago, Hate said:
Why wouldn't we fill it while prices are unbelievably low.Ā Seems stupid.
Politics. Gotta stick it to big oil...
ĀāSenate Minority Leader Chuck Schumer said in a letterĀ to senators Wednesday Democrats had eliminated from the legislation a, ā$3 billion bailout for big oil.ā
-
2 hours ago, Dr. Beeper said:
Goddamnit. Well, we have been living in fantasy land for 3 days. Was nice while it lasted. Ā

-
36 minutes ago, HoustonFrog said:
Nice job Holly... ran this ship into the ground while banging subordinates in the office
Thatās some old school oilfield shit.Ā
-
2
-
-
22 minutes ago, Dr. Beeper said:
But can they even get the crude out of the basin? Ā
Simple question but how good are their oil purchasing/transport contracts? Is it on pipe or truck? I see a lot more trucking shut down with pipes still flowing. That could change as more production has to come off line.
Ā
A buddy just had all of his oil purchasing contracts canceled so his crude isnāt moving. Ā We have a X bbl purchase commitment with one of our pipelines so weāre still flowing, of course they could claim Force Majeure and cancel all of the commitments tomorrow.Ā
-
1 hour ago, Dr. Beeper said:
Yāall help me understand something I should know the answer to - if a company has WTI hedges and a Mid-Cush basis swap of +1, but they have physical difficulty getting their volumes out of the Permian, what do they do?
On one hand this is a basic question but on the other itās multi-faceted. In this particular instance, they have 4 wells recently (mostly) drilled and a completion decision will come later in May when prices become more apparent. Itād make a lot of sense in a vacuum to NOT complete these wells, as curtailment could cause shut-ins and as you can guess these are large hz wells where you canāt predict how theyāll come back on when they do. However, in this instance they have a very high NRI and these wells are economic at a much lower price than anyone would think.Ā
I think Iām tracking the question but if not sorry.Ā
ĀI was recently informed we do not have to actually produceĀ the volumes we have hedged to receive the hedged amounts. Iāve never gotten deep into hedges so this was news to me.Ā
ĀIf their hedges are set up the same way they could DUC the wells and still receive the net benefit of the hedges.Ā
ĀUnfortunately that is about all I know on the topicĀ
-
1 hour ago, NotActuallyALonghorn said:
The barrel costs more than the oil. The oil is just the cheapest thing to put in the barrel to keep anybody from stealing your valuable barrel.
I told my wife I wasnāt drinking today, you assholes keep making jokes like this and Iām going to have to renege on my word.Ā
-
1
-


Bone Thugs-N-Harmony- E.1999 Eternal is 25 Years Old
in Music
Posted
It is a steady part of my workout rotation, along with other 90s rapĀ
Ā
Ā