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  • Contango Is Sitting On A Buda Oil Bonanza In South Texas [View article]
    Whose "book value?"
    Nov 13 08:14 PM | Likes Like |Link to Comment
  • Buda Oil Discovery May Spark Bidding War For Crimson Exploration [View article]
    I'm still holding USEG as I expect it to go much higher from here. The Buda results are outstanding.

    USEG is not the operator and is only releasing Buda information that Contango approves, so no SEC action possible against them. Now a Crimson holder could have a beef.
    Nov 13 08:07 PM | Likes Like |Link to Comment
  • Contango Is Sitting On A Buda Oil Bonanza In South Texas [View article]
    Wow indeed. The best Buda well so far is the step-out well to de-risk the acreage. Sage Energy, and now U.S. Enercorp with MCF and USEG, have drilled two successful wells on the southern side of the lease de-risking more acreage. Right now about half of the acreage is de-risked.

    Also, the EURs from the two new Buda wells are higher than the EURs I used in the above article. It now looks like there could be significantly more than 50 million barrels of recoverable oil from the lease. Plus, they have added acreage with U.S. Enercorp.
    Nov 12 08:18 AM | Likes Like |Link to Comment
  • Contango Is Sitting On A Buda Oil Bonanza In South Texas [View article]
    I just checked the TRRC website and Matador has not permitted any wells in Zavala, which is where the Glasscock Ranch is located.
    Nov 11 08:45 AM | Likes Like |Link to Comment
  • Contango Is Sitting On A Buda Oil Bonanza In South Texas [View article]
    It hadn't been public knowledge, but it is now. Very positive. U.S. Enercorp also drills Austin Chalk wells.

    My memory was Matador was going to get its seismic data on the Glasscock Ranch in October. Seems too soon to have drilled a Buda well based on that data.
    Nov 11 08:39 AM | Likes Like |Link to Comment
  • Contango Is Sitting On A Buda Oil Bonanza In South Texas [View article]
    I like the barrel of oil per share concept. May steal it for a future article.

    Not sure when a press release is coming from Contango. Could be any day including today. I feel very confident it will be between now and no later than the release of their 3rd quarter earnings the second week of November. But they have the data and they keep permitting new wells.
    Oct 21 09:06 AM | Likes Like |Link to Comment
  • Contango Is Sitting On A Buda Oil Bonanza In South Texas [View article]
    Contango has permitted its 5th Buda well:

    http://bit.ly/1eyTzuc

    Looks like continuous drilling of Buda wells is a go. Lots of opportunity for small cap Contango and micro cap U.S. Energy (USEG).
    Oct 19 07:41 AM | Likes Like |Link to Comment
  • Contango Is Sitting On A Buda Oil Bonanza In South Texas [View article]
    There have now been 9 successful Buda wells in the area. That doesn't count the Beeler #3H well that should have 30 day production numbers some time next week.

    Contango purchased Crimson without any consideration for any value from the Buda, nor any upside in the Woodbine or the James Lime. They simply used the 12/31/2012 SEC PV-10 values of both companies. Because Contango purchased Crimson for a song the company has the potential to double the stock price over the next year if they play their cards right.

    However, to invest in the Hughes Buda discovery with the most leverage is to buy U.S. Energy (USEG). Here is my Instablog article about it:

    http://bit.ly/19D6yeR
    Oct 10 02:21 PM | 1 Like Like |Link to Comment
  • Buda Oil Discovery May Spark Bidding War For Crimson Exploration [View article]
    Sorry, I've been busy and didn't see this. Under production query under production by lease hit pending, district 01, RRC#736515, dates June 2012 to August 2013 for the Heitz 302 3H well. Remember production is usually delayed a month and September won't come up for 3 or 4 weeks.

    The Beeler 2H well is RRC# 758180 May 2013 to August 2013.
    Oct 8 09:08 AM | Likes Like |Link to Comment
  • Goodrich Petroleum Is The Way To Play The Tuscaloosa Marine Shale [View article]
    Thanks. My current focus is on the Buda.
    Sep 28 10:01 AM | Likes Like |Link to Comment
  • Crimson Exploration Successfully De-Risks Eagle Ford Acreage [View article]
    Bingo
    Sep 23 06:23 PM | Likes Like |Link to Comment
  • Bakken Update: Matador Blows By Estimates In Q2 [View article]
    The Buda wells are naturally fractured and do not require an expensive frack job to complete. The well drilled by Crimson with U.S. Energy (USEG) cost $3.7 million to drill and complete. That well has produced 57,500 Boe (83% oil) in its first 83 days. The data for the Dan Hughes wells are a few months old. The Heitz 3H well produced over 270,000 barrels of oil in its first 13 months. How many Eagle Ford wells have produced that much oil in that little amount of time? All for about half the all in finding costs.

    The wells drilled to date are in a sweet spot. Hopefully it extends up to Matador's lease. In the meantime, here is some more info:

    http://seekingalpha.co...
    Aug 28 12:34 PM | 2 Likes Like |Link to Comment
  • This Could Be The Winter Natural Gas Bulls Have Been Waiting For [View article]
    He has a clear hypothesis. They were counting sunspots with telescopes before and after the Maunder Minimum. Sunspot activity clearly slowed down during periods of cooler weather during the last 500 years. It could be the cause or a coincidence.

    Do you know if the climate models predicting CO2 warming take his hypothesis into account? My guess is no. And as for being peer-reviewed, I did post this article on Seeking Alpha and not the Journal of Climate. Look, in a few years sunspot activity wanes and the earth is significantly cooling, or he was wrong.

    In the mean-time, how do you account for the drop in Arctic temperatures?
    Aug 21 02:48 PM | 3 Likes Like |Link to Comment
  • This Could Be The Winter Natural Gas Bulls Have Been Waiting For [View article]
    A much colder planet for a century or two is not weather.
    Aug 21 02:41 PM | 1 Like Like |Link to Comment
  • This Could Be The Winter Natural Gas Bulls Have Been Waiting For [View article]
    Thanks for all the comments. I'll reply to most of the right here. Who predicted "the Midwest would have a cold summer in 2013?" Well, Dr. Abdussamatov predicted a mini-ice age would start in 2014. The cool temperatures this summer on the Midwest are not "ice-age" cold.

    There is a strong correlation between temperatures in the Arctic and colder or warmer weather down south. The coldest winters in the last 50 years have all had a strong correlation with cold Arctic temperatures.

    I just found the 2014 prediction and the coldest summer Arctic temperatures in the last 55 years interesting. If Dr. Abdussamatov is right the Arctic temperatures are certainly what one would expect to see. Doesn't mean he is right. It just means "if," "then."
    Aug 21 10:54 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
238 Comments
149 Likes