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Michael Filloon  

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  • Bakken Update: 2015 Oil Prices Are Key To Bakken Rig Movement [View article]
    hh77,

    The EIA estimates the peak will occur around 2016 with that production maintaining through 2020. After that time, it will begin to decline.
    http://bit.ly/1si3hbl
    Jan 20, 2015. 05:43 PM | Likes Like |Link to Comment
  • Bakken Update: 2015 Oil Prices Are Key To Bakken Rig Movement [View article]
    Chancer,

    Its very possible, as we think $80 oil is needed for AMZG and this would mean payback times are in the three year range (which is excessive, but I think AMZG can continue to work in that environment on the premise they will continue to decrease costs).
    http://bit.ly/1si3hbl
    Jan 20, 2015. 05:39 PM | Likes Like |Link to Comment
  • Bakken Update: 2015 Oil Prices Are Key To Bakken Rig Movement [View article]
    Hey Douglas,

    I would throw a couple more issues going forward with respect to how the oil companies look at these fringe areas. First and foremost, when oil was at $100/bbl, payback times were still quite good in many areas outside the core, in some cases meeting this in 18 months, which seems to be a magic number to most of the names out there. The accounting of these projects are very interesting as when I speak of payback, its a time frame as to how long it takes to payback costs. After payback, these wells produce at much lower costs, whether located on the Nesson Anticline or in west Williams. Wells need only $10 to $20/bbl oil prices to "breakeven" and this is why producers rush to get holes in the ground. Payback periods in some of those areas now could take a decade, which may mean these wells aren't economic anymore.
    http://bit.ly/1si3hbl
    Jan 20, 2015. 05:36 PM | 2 Likes Like |Link to Comment
  • Bakken Update: 2015 Oil Prices Are Key To Bakken Rig Movement [View article]
    marpy
    Very true.
    Jan 20, 2015. 05:25 PM | Likes Like |Link to Comment
  • Bakken Update: 2015 Oil Prices Are Key To Bakken Rig Movement [View article]
    Hi Fred,

    Most of this production is hedged, so the operators are getting decent returns. The issues will start to mount as operators use up those hedges and are forced to begin accepting current realized prices. Q2 will be a tough one I would guess.
    http://bit.ly/1si3hbl
    Jan 20, 2015. 05:24 PM | Likes Like |Link to Comment
  • Bakken Update: 2015 Oil Prices Are Key To Bakken Rig Movement [View article]
    Ooi,

    It only negatively affects operators that do not have acreage in these better areas. Those operators are stuck trying to hold on while losing money. Could be a difficult situation for those unable to hold on.
    http://bit.ly/1si3hbl
    Jan 20, 2015. 05:20 PM | 1 Like Like |Link to Comment
  • Bakken Update: 2015 Oil Prices Are Key To Bakken Rig Movement [View article]
    dunnhaupt,

    Oil wells that are already drilled and that have reached payback only need $15/bbl oil (that's Bakken light price).
    http://bit.ly/1si3hbl
    Jan 20, 2015. 05:10 PM | 3 Likes Like |Link to Comment
  • Bakken Update: Poor SW Williams County Results Have Caused Oasis To Move Rigs [View article]
    Aricool,

    Thanks for the info.
    Jan 17, 2015. 06:52 PM | Likes Like |Link to Comment
  • Bakken Update: Poor SW Williams County Results Have Caused Oasis To Move Rigs [View article]
    Aricool,

    I hadn't heard that there was any issue finding producers to sell. Sorry, wish I had some specific info on the issue.
    Jan 15, 2015. 03:24 PM | Likes Like |Link to Comment
  • BakkenUpdate: Rex Energy Blows By Q1 Analyst Estimates On Its Way To $30/Share [View article]
    This has definitely been a painful one. Not a good time to own anything with a heavy debt burden.
    Jan 15, 2015. 03:18 PM | 1 Like Like |Link to Comment
  • Bakken Update: Poor SW Williams County Results Have Caused Oasis To Move Rigs [View article]
    Aricool,

    The problem is they are motivated, as it would mean more revenues. The only good thing is it is more difficult to find a buyer (at least without further discounts.
    Jan 12, 2015. 10:12 AM | Likes Like |Link to Comment
  • Bakken Update: Poor SW Williams County Results Have Caused Oasis To Move Rigs [View article]
    Aricool,

    The tough thing is they are motivated to do so as those would be added revenues. The only problem would be finding a buyer.

    http://bit.ly/1si3hbl
    Jan 12, 2015. 10:10 AM | Likes Like |Link to Comment
  • Bakken Update: 2015 May Be A Difficult Year For This Bakken Non-Operator [View article]
    Aricool,

    How long will be the key. We think that I think the news out from GS today was positive as it sounds like oil will rebound in the second half of the year. I know that was longer than others expected, but it should mean that mainly the marginal producers with high debt will be at risk.
    Jan 12, 2015. 10:09 AM | Likes Like |Link to Comment
  • Bakken Update: 2015 May Be A Difficult Year For This Bakken Non-Operator [View article]
    Aricool,

    Not in love is correct. Thanks
    Jan 12, 2015. 10:01 AM | Likes Like |Link to Comment
  • Bakken Update: Poor SW Williams County Results Have Caused Oasis To Move Rigs [View article]
    lukethomas13579,

    Very nice info there and that is true (I appreciate you bringing that up), but the issue that is going to be the most important is the value of those assets as determined by the banks that are providing credit to the operators. If it is deemed those reserves arent worth as much then we could see some of that credit reduced. Thanks again
    Jan 9, 2015. 05:10 PM | Likes Like |Link to Comment
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