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Michael Filloon

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  • The Frac Facts [View article]
    Hi Chuck,

    I wouldn't worry about a moratorium as of yet. The State of ND is just running tests to make sure there is no pollution. Right now the biggest worry is reserve pits. After the flood last year, quite a few of the pits flooded causing contamination. I would guess fraccing will not see big changes anytime soon.
    Feb 7 11:01 PM | 4 Likes Like |Link to Comment
  • Bakken Update: McKenzie County Production Year-Over-Year [View article]
    Hi Carl,

    That is something I have struggled with as I wanted a concrete number of initial production and how that would effect the EURs of each well. The reason I have not done much with EURs myself, is I would not want to mislead anyone into believing something I do not know for sure is correct.
    Jan 29 05:15 PM | 4 Likes Like |Link to Comment
  • How Eagle Ford Compares To The Bakken [View article]
    Thank you, I am glad my researched has helped
    Jan 20 10:18 PM | 4 Likes Like |Link to Comment
  • How Eagle Ford Compares To The Bakken [View article]
    Thanks Jeep,

    Investing in both is a great idea, but companies in the condensate window seem to be better positioned given the EURs in this article being based on a short lateral.
    Jan 20 09:38 PM | 4 Likes Like |Link to Comment
  • Chesapeake Energy: Managing Its Way Into Analysts' Good Graces [View article]
    Tradestar:

    It is too bad that you had to use negative rhetoric to state your case against CHK. You have a very good argument against CHK. I agree with the premise CHK's stock will head lower, but think the personal attack on the writer does nothing but hurt your argument..
    Jan 16 01:13 PM | 4 Likes Like |Link to Comment
  • Bakken Update: What To Buy In 2012 [View article]
    User 401742,

    Thank you very much. I will look into identifying comparisons in valuation this year, with the companies I cover. Happy New Year
    Jan 1 05:16 PM | 4 Likes Like |Link to Comment
  • The EPA And Fracking: How To Capitalize - Part 1 [View article]
    Hi Ryan,

    I am still bullish oil services, and own a couple of names like CJES and BAS because of their pressure pumping businesses. I think the trucking business is great right now also, but if we begin to see more mobile water treatment it could make things difficult in the trucking business in the short term.
    Dec 16 09:02 AM | 4 Likes Like |Link to Comment
  • Bakken Update: Small Caps, Part VII [View article]
    Global Investor,
    Thanks for your comments. Brigham has an average IP rate of 2797 Boe/d as an average of its Bakken/Three Forks wells in North Dakota. If we were to only include its Ross wells this number increases to 3171 Boe/d. http://bit.ly/qLRG7r
    Brigham's EURs are between 500 and 700 Mboe (This estimate includes Montana which is not as good.). Brigham's average cost per well is $8.9 million.
    PetroBakken's IP rates are between 200 and 250 bbls/day and an EUR of 190 MBoe. Its cost per (bilaterals) well is $2.58 million.
    I am fairly certain the net profit per well is not higher for PetroBakken than Brigham. Brigham at 80 oil has an NPV of $8.7 million. PetroBakken has an NPV of $5.1 million and it is using $90 oil.
    Nov 2 11:44 AM | 4 Likes Like |Link to Comment
  • Oil Service Companies Are Cheaper, May Be Safe Way to Invest in Oil [View article]
    saltydog,

    At some point one of the three KOG, BEXP or OAS will get bought as you said. Its only a matter of time and they all have pretty good acreage.
    Aug 12 06:09 PM | 4 Likes Like |Link to Comment
  • Ramp Up Growth With Small Producers in the North Dakota Bakken [View article]
    MayorMcFudge,
    Initially I was very pesimistic about Samson's acreage, but Brigham just had some very good results in the area. This is just a guess, but I think this area will be good, but not great. I am much more concerned about the price they paid. As for its Niobrara, I think those results will be excellent. Plus, buying back into Chesapeake's wells should also be good.
    Jul 15 06:00 PM | 4 Likes Like |Link to Comment
  • Merkel's About-Face on Nuclear Energy [View article]
    Germany may want to shut down nuclear right now, but when they see what it costs to pay France for electricity it may not look so appealing.
    Jun 17 10:25 AM | 4 Likes Like |Link to Comment
  • 3 Pure Bakken Plays to Consider [View article]
    Thanks for the comment. KOG looks inexpensive.
    Jun 3 04:17 PM | 4 Likes Like |Link to Comment
  • Brigham: Mark to Market Hedging Losses Create Buying Opportunity [View article]
    I think you may be right about oil stocks falling further, but the Bakken's bad weather, increased service costs, and increased taxes make it difficult to make numbers. Misunderstanding of depletion is another topic. That said, its still a great play. AXAS has changed it report date to the 9th. Please remind me to take a look then. Have a great day.
    May 5 11:20 AM | 4 Likes Like |Link to Comment
  • 7 Oil and Gas Stocks with Continued Upside: Part IV [View article]
    Im still in love and still own it. Its my largest position (wish I would have taken profits at $4.75 so I could buy it back here). I promise Aceman I would tell everyone if I sold it. But let me explain my answer. I look at every name out in stock land that is listed in the US. In doing so, I even check out names like BDCO with a 15 million dollar market cap. So when I am asked of a junior, I only include names that have upside based on assets that are not considered legit, or large to this point. I know people will not agree with this, but it is the way I grade these names. I don't consider Samson to be a junior anymore because they own approximately 14000 acres in what I a top notch shale (Marathon just paid 10000 an acre to be neighbors). They also have about 74 million dollars, and a small acreage in the Bakken( forgive all of the approximations, I am shooting from the hip here). After they put their money to work they should have a very large acreage in a prime location. Sorry Aceman for not being clear, but Samson is a much bigger player then the companies I listed. But you should check out LEI, they just partnered with Marathon in the Eagle Ford, and I think there may be more oil there then given credit. Please let me know if you need anything, and to answer your question I am not duping anyone.
    Apr 16 09:28 PM | 4 Likes Like |Link to Comment
  • Brigham Exploration: The Next Leg Up for Energy Company [View article]
    Brigham is hard not to like. Very impressive stats.
    Apr 13 10:08 PM | 4 Likes Like |Link to Comment
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