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dmiller4

dmiller4
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  • Bakken Update: Recent Kodiak Completions Model 1000+ MBoe [View article]
    Congratulations Mike!
    Apr 5 11:28 PM | 2 Likes Like |Link to Comment
  • Concho's Mad Shale Oil Skills In The Permian's Delaware Basin [View article]
    Nice article. Thank you! You make a strong case for CXO. For what it's worth, I like your take on "effective acreage" potentially being misleading.
    Mar 20 08:13 PM | Likes Like |Link to Comment
  • What Company Found The Most Oil And Gas In 2013? [View article]
    Thanks Mike for another interesting article !!

    Note first slide sourced from "HIS Global" (IHS Global?) and "300-600 mboe" (mmboe?) recoverable
    Jan 21 11:30 AM | Likes Like |Link to Comment
  • U.S. Banking Stocks: Positioning For Increasing Interest Rates [View article]
    Thanks for the article! Good information & interesting analysis.
    I guess I'm left wondering about international operations...
    if Citi has more of it, and might be a little less exposed to domestic rates.
    Jan 20 03:38 PM | Likes Like |Link to Comment
  • EOG, Continental rank among top oil and gas picks at Barclays [View news story]
    zorro2828, In hindsight, that last comment reads a bit harsh. My apologies. I do respect modeling and also own some EOG. I think ChuckXX is strong on the E&P side.
    Jan 19 08:40 AM | Likes Like |Link to Comment
  • Carrizo Oil & Gas: Off To The Races In Utica [View article]
    Carrizo appears to have good acreage (to me -- a novice) but the thing that gets me is, do they really own it? They've sold substantial assets through a series of joint ventures. When selling an "undivided interest" to a joint venture, should we expect their presentation's "net acreage" show a reduction in acreage? My guess is "no". There's a press release announcing a JV in which Carrizo appears to sell 90% of their Utica interest in 15,000 acres at http://bit.ly/1aBlJ7y I don't follow Carrizo too closely. Am I off base? Have they purchased more acreage since the JV to offset this. Do they have more than a 10% interest in the new well?
    Jan 19 08:22 AM | Likes Like |Link to Comment
  • EOG, Continental rank among top oil and gas picks at Barclays [View news story]
    Modeling is one thing, but calling the result an "estimate" is another. What price is envisioned for crude in 2020? (A number between 40 and 150?) Guesses dumped into a formula doesn't calculate to an "estimate".

    Projecting historical growth rates forward 6yrs would naturally favor EOG.
    Jan 17 06:18 AM | Likes Like |Link to Comment
  • Bill Barrett: The Niobrara And Uinta Upside [View article]
    Nice article and analysis! I like the slides and comparison table too.

    Aside from the analysis of Bill Barrett, what strikes me is the broad range in company EUR estimates depicted in the slides. Carrizo models in the low 200s and Nobel & Bonanza near 300. Then there's Whiting, with early results that might seem likely to model over 400. This leaves a novice like me uneasy. Is the quality of acreage that variable in the Niobrara, or is the operator difference that large? On a ratio basis, Bill Barrett looks inexpensive.
    Jan 16 09:48 PM | Likes Like |Link to Comment
  • Wattenberg Transaction Read Through To Public Companies In The Area [View article]
    Josh,

    Interesting article, though without knowing too much about Synergy, nor having the benefit of reading your prior article about Synergy (nor access to it; no Pro subscription), I'm left wondering... did they get a good deal? It seems they bought for less than the value the market places on their own assets, and less than the value the market places on assets of Bonanza, Barrett, and Nobel.

    dmiller4
    Nov 14 09:04 PM | Likes Like |Link to Comment
  • Bakken Update: Frac Sand Pricing Could Go Parabolic As EOG Resources' Well Design Revolutionizes Unconventional Oil Production [View article]
    Wow! Excellent article. Thank you Mike!

    Stunning analysis of the impact of EOG's completion design on depletion rates. (Parshal 90->270 days: 26% to 2.6%!!!) It'll be interesting to see where EURs end up! Whiting's results in the Niobrara/DJ Basin make me very optimistic the rest of the industry will benefit.
    Oct 23 06:06 AM | 2 Likes Like |Link to Comment
  • Bakken Update: Triangle Beats On Better Well Performance And Its Integrated Model [View article]
    Great articles! I'm always anxious to read the next one....

    I'm wondering what you make of Whiting's new completion design (detailed in a new technical company presentation). Is this a "new" approach that peers like TPLM or KOG could potentially leverage, or have peers already adopted cemented liners with plug & perf (vs swell packers with sliding sleeves)? BTW - Whiting appears to be using a lot more sand -- maybe they've been reading your articles!

    Dan
    Oct 7 08:03 AM | Likes Like |Link to Comment
  • Kodiak Oil & Gas: New Completion Procedure Could Yield Much Improved Results [View article]
    VERY enlightening as always -- Thank You Craig!! ( Oh, and I wouldn't call that a "wishy-washy" answer by any means). Never would've thought a fracture could be tapped into with limited volume coming from surrounding zones. Interesting.
    Mar 26 08:10 PM | 1 Like Like |Link to Comment
  • Kodiak Oil & Gas: New Completion Procedure Could Yield Much Improved Results [View article]
    Craig,

    This is pretty interesting. So, if natural fracture systems can extend substantial distances and maybe beyond 800', is it possible/likely that top wells with top performance are draining resources from surrounding areas, maybe outside their section? This leaves me wondering if it's common for top wells to have neighboring wells with subpar results. If a natural fracture is intersected, might pressure pumping stimulate rock beyond the section (assuming the company uses ample water), or is the extent of potential stimulation really much more constrained due to sand not traveling too far (per EOG's approach)?

    dmiller4
    Mar 26 12:59 PM | 1 Like Like |Link to Comment
  • Kodiak Oil & Gas: A Great Growth Stock [View article]
    rlp2451: But KOG has earnings and a 43% operating margin.
    Mar 22 06:01 PM | Likes Like |Link to Comment
  • Bakken Update: Depletion Of The Top 20 Oil Producing Wells In The Bakken [View article]
    Contrarian points appreciated, but is this ground already covered?
    Mar 21 08:11 PM | Likes Like |Link to Comment
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