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  • Matador's Recent Streak Should Continue [View article]
    Great article!

    Here is another article on the Buda oil play that mentions both MTDR and USEG:

    Looking forward to the results on Matador's first Buda well. Would like to see if their geologist's theory is correct.
    Feb 18 02:27 PM | 2 Likes Like |Link to Comment
  • EXCO Resources Could Be Sitting In The Buda Sweet Spot [View article]
    Potentially compelling new news on the Buda sweet spot with big impacts for XCO, MCF, and USEG.

    U.S. Enercorp is USEG and MCF's new Buda drilling partner on acreage south of the Booth-Tortuga lease. U.S. Enercorp also has acreage a little to the west of the Booth-Tortuga lease right next to XCO's leases. A couple of months ago U.S. Enercorp spudded a new wildcat Buda well. It must have been very successful because U.S. Enercorp permitted a second Buda well, the Elizabeth 2H, in the same area a couple of days ago. This could confirm that the fault line runs south of the Dimmit and Zavala border all the way to Maverick County.

    This would prove up all of the western acreage on the Booth-Tortuga lease and it would also prove up some of the acreage for XCO. While the upward movement in USEG and MCF has recently started because of the Buda, the coming upward movement on XCO based on the Buda is in front of it. Between January and May interest in the Buda sweet spot will grow on Wall Street because of MCF and USEG and at some point that interest will move to XCO.
    Dec 10 09:00 AM | 2 Likes Like |Link to Comment
  • EXCO Resources Could Be Sitting In The Buda Sweet Spot [View article]
    If you look at EXCO's presentation they show a map of their Eagle Ford acreage acquired from Chesapeake. They have lots of holdings to the west of Contango's lease and very close to the fault line. The Contango lease is about 10 miles from the eastern side of Zavala and Dimmit and the border splits their lease.

    Here are some of the other articles on the Buda for those wanting to get up to date:
    Dec 6 05:44 PM | 2 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:
    Aug 28 12:34 PM | 2 Likes Like |Link to Comment
  • Bakken Update: Kodiak's Purchase Of Liberty Resources Could Make Or Break Its 2013 [View article]
    USEG has drilled a Three Forks well in Williams County with Statoil and one in McKenzie County with Zavanna. Both wells are performing similar to the Bakken wells.

    You could be on to something with your Three Forks insight.
    Jun 4 08:42 AM | 2 Likes Like |Link to Comment
  • Fiscal Madness [View article]
    Great article and grerat points. We need a non-austerity based Grand Bargain along these lines:
    Nov 19 07:51 AM | 2 Likes Like |Link to Comment
  • Natural Gas Prices Could Return To The Traditional Oil To Gas Conversion Ratio In 2013 [View article]
    Natural gas is the only near term way to lower CO2 emmissions into the atmosphere. There is little support in the U.S. to returning to darkness at night, hand written letters, bicycles, and plows pulled by mules.

    Natural gas can displace coal in generating electricity and coal is the largest pollutant by far. The environmentalist realists realize natural gas is there only solution.
    Nov 18 08:55 AM | 2 Likes Like |Link to Comment
  • Paul Krugman Is Right [View article]
    What about today? We still have close to 25 million people unemployed. We need to ditch the "Grand Bargain" and go for growth and jobs. No reason this wouldn't work if the President pushed for it:
    Nov 16 05:38 PM | 2 Likes Like |Link to Comment
  • Has Paul Krugman Gone Too Far This Time? [View article]
    Krugman's larger point is the austerity based Grand Bargain is in itself the wrong policy. He would prefer to see a different deal that looks like this:
    Nov 13 08:48 AM | 2 Likes Like |Link to Comment
  • A Grand Bargain: 8 Factors That Could Drive A Surprise On The Deficit [View article]
    President Obama needs to flip the debate and push for a Keynesian based "Grand Bargain."
    Nov 8 10:10 AM | 2 Likes Like |Link to Comment
  • Wind Power Will Blow Natural Gas Prices Much Higher [View article]
    Interesting article on how low natural gas prices are supportive of wind and solar. But low natural gas prices will soon be history. Excessive drilling for natural gas was a bubble that has already popped. Bubbles need people without strong memories to form again.

    Natural gas may reach $5 mcf, but it may reach much higher as the article below highlights.
    Oct 23 03:23 PM | 2 Likes Like |Link to Comment
  • The Greek Left Is Right [View article]
    Excellent points. In my article I talk about how Merkel and Lagarde are bluffing with all of the tough rhetoric in front of the June 17 vote. No matter what they say now if Tsipras wins they will renegotiate the bailout package.
    May 28 08:37 AM | 2 Likes Like |Link to Comment
  • Germany's 'Merkeltilism' Isn't Working - It Won't Ever For The PIIGS [View article]
    They don't have to have their own currencies. They do have to have fiscal union and issue euro bonds so they all have the same access to capital and the same interest rates.

    They also need to ditch austerity and push for growth. we need to do the same here in the U.S. We need Republicans to come out of the Keynesian closet.
    May 22 07:11 AM | 2 Likes Like |Link to Comment
  • Republican Keynesians Need To Come Out Of The Closet [View article]
    Yes, we have been running non-stop deficits except for the period of the NASDAQ/Tech bubble of the late 90's. However, we have a modern monetary system and we can simply continue to run deficits forever as long as we owe everyone dollars. We can print dollars.

    Greece, for example, cannot print the euros they owe. It is as though they are still on the Gold standard. Look at Japan, they have more debt per capita/GDP than Greece. Yet they have no debt problems because they owe everyone yen, which they can print.
    May 19 08:41 AM | 2 Likes Like |Link to Comment
  • Why The ECB Will Buy Fixed-Income Securities [View article]
    No doubt the ECB will be back in the market providing support. So will the Fed with QE3. There is no other way out of the crisis except massive austerity and pain which leads to massive societal upheaval.

    Keynes was right. Merkel and Congressional Republicans need to acknowledge it. As Nixon said "we are all Keynesians now." We need for the Republican Keynesians to come out of the closet.
    May 18 02:57 PM | 2 Likes Like |Link to Comment