Harry Johnson's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/187899/comments http://seekingalpha.com/currents/post/1069801?source=feed#comment-19695221 19695221
What a crock !

It used to be that reporters used facts to write a story. Then came fabrications based on a few facts out of context. Now some journalists can't even tell intelligent lies.

No doubt the tainted water went away right after the settlements; otherwise the Bloombergs of the world could compile their own private map of tainted water wells. Then they could use public records to locate fraced wells on their tainted wells map and see if they have something to talk about. But that would be too much work and, worse, it might not support the news they want to write. ]]> Thu, 06 Jun 2013 17:27:48 -0400
What a crock !

It used to be that reporters used facts to write a story. Then came fabrications based on a few facts out of context. Now some journalists can't even tell intelligent lies.

No doubt the tainted water went away right after the settlements; otherwise the Bloombergs of the world could compile their own private map of tainted water wells. Then they could use public records to locate fraced wells on their tainted wells map and see if they have something to talk about. But that would be too much work and, worse, it might not support the news they want to write. ]]> http://seekingalpha.com/article/1475061/comments?source=feed#comment-19566961 19566961 Mon, 03 Jun 2013 15:45:50 -0400 http://seekingalpha.com/article/1474251/comments?source=feed#comment-19501511 19501511
"In addition, Mr. Schuringa mentioned that it was easy for him to project Linn Energy's future DCF as its production is 10% hedged for four to six years out."

Very easy if you know with certainty what that production will be. Reservoir engineering isn't like counting widgets in a warehouse and selling a fixed number every year. It is somewhat analogous to storing your wheat crop, programming your business plan based on selling 10% every year, only to find out in year seven that the mice have eaten 30% out of the bottom layers that you couldn't see.]]> Sat, 01 Jun 2013 10:55:24 -0400
"In addition, Mr. Schuringa mentioned that it was easy for him to project Linn Energy's future DCF as its production is 10% hedged for four to six years out."

Very easy if you know with certainty what that production will be. Reservoir engineering isn't like counting widgets in a warehouse and selling a fixed number every year. It is somewhat analogous to storing your wheat crop, programming your business plan based on selling 10% every year, only to find out in year seven that the mice have eaten 30% out of the bottom layers that you couldn't see.]]> http://seekingalpha.com/article/1474251/comments?source=feed#comment-19501291 19501291 Sat, 01 Jun 2013 10:44:54 -0400 http://seekingalpha.com/article/1465261/comments?source=feed#comment-19419151 19419151 Not my quote ChuckXX. I don't have the slightest doubt that the Chinese can do anything they set their minds to. The real race with China will be determined by which of the governments of China and the United States create the most obstructions to free enterprise. Right now it looks like the U.S. is in the lead, and will likely remain there given the twin departments of obstruction, the DOE and the EPA.

As for intellectual theft, that will end soon, as our engineering graduates continue to be replaced by those with advanced degrees in flower arranging, bee keeping and the like.

My Chinese contact in Hong Kong humbly suggests that China is 30 years behind the U.S. in oilfield technology. Strikes me that someone that thinks they have a lot of catching up to do with someone who thinks they are still way ahead of the pack will catch up a lot faster that anybody thinks.

Incidentally, I wonder where we might be had we not stolen the invention of gunpowder from the Chinese, a few rocket scientists from Germany, etc.]]> Thu, 30 May 2013 10:50:18 -0400 Not my quote ChuckXX. I don't have the slightest doubt that the Chinese can do anything they set their minds to. The real race with China will be determined by which of the governments of China and the United States create the most obstructions to free enterprise. Right now it looks like the U.S. is in the lead, and will likely remain there given the twin departments of obstruction, the DOE and the EPA.

As for intellectual theft, that will end soon, as our engineering graduates continue to be replaced by those with advanced degrees in flower arranging, bee keeping and the like.

My Chinese contact in Hong Kong humbly suggests that China is 30 years behind the U.S. in oilfield technology. Strikes me that someone that thinks they have a lot of catching up to do with someone who thinks they are still way ahead of the pack will catch up a lot faster that anybody thinks.

Incidentally, I wonder where we might be had we not stolen the invention of gunpowder from the Chinese, a few rocket scientists from Germany, etc.]]> http://seekingalpha.com/article/1465261/comments?source=feed#comment-19383951 19383951
If I ran an investment bank of any stripe, or any other institution that labored under the pretense that it housed an oil and gas analyst, I would camp on your doorstep and raise my offer until you came to work for me. You just continue to outdo yourself with your outstanding analyses.

A Chinese acquaitnce of mine in Hong Kong sent me a CNN piece that aired there a couple of weeks ago. Apparently, nobody in mainstream journalism reads anything published by folks knowledgeable about the oil and gas business, as evidenced by the following excerpt from the Hong Kong clip.

"As it turns out, we're not the only ones sitting on top of a shale gold mine: China actually has shale gas reserves that are nearly 50 percent larger than ours.

Beijing is going to try and mine these reserves in every way it can. But many experts worry that China lacks the experience and technology to frack effectively. As important, it really has no understanding of how to frack safely. Here in the United States, we have environmentalists and a free press to push authorities to regulate and monitor this very new industry. China, on the other hand, may not have the same checks and balances.

This is why the United States needs to share its expertise, not keep it secret."

Such absurdities make me want to run my head through the wall. If the Chinese don't know about this "very new industry" your articles alone would educate them. How is it that supposedly educated people, trained to ferret out facts (as is supposed of journalists) keep missing the fact that the shale revolution is the result of the relatively new technology of horizontal drilling, not fracing which was patented in 1947 and has been used in an estimated 2.5 million wells throughout the world since then ?]]> Wed, 29 May 2013 15:24:29 -0400
If I ran an investment bank of any stripe, or any other institution that labored under the pretense that it housed an oil and gas analyst, I would camp on your doorstep and raise my offer until you came to work for me. You just continue to outdo yourself with your outstanding analyses.

A Chinese acquaitnce of mine in Hong Kong sent me a CNN piece that aired there a couple of weeks ago. Apparently, nobody in mainstream journalism reads anything published by folks knowledgeable about the oil and gas business, as evidenced by the following excerpt from the Hong Kong clip.

"As it turns out, we're not the only ones sitting on top of a shale gold mine: China actually has shale gas reserves that are nearly 50 percent larger than ours.

Beijing is going to try and mine these reserves in every way it can. But many experts worry that China lacks the experience and technology to frack effectively. As important, it really has no understanding of how to frack safely. Here in the United States, we have environmentalists and a free press to push authorities to regulate and monitor this very new industry. China, on the other hand, may not have the same checks and balances.

This is why the United States needs to share its expertise, not keep it secret."

Such absurdities make me want to run my head through the wall. If the Chinese don't know about this "very new industry" your articles alone would educate them. How is it that supposedly educated people, trained to ferret out facts (as is supposed of journalists) keep missing the fact that the shale revolution is the result of the relatively new technology of horizontal drilling, not fracing which was patented in 1947 and has been used in an estimated 2.5 million wells throughout the world since then ?]]> http://seekingalpha.com/currents/post/1044801?source=feed#comment-19188171 19188171
Following conventional wisdom will always generate the most cheers, but it seldom solves the problems. It is perfectly asinine to pretend that there was no one in the CHK fold who could assume the mantle of CEO. I am sure there are just as many good managers working for CHK as there were in the old Standard Oil Trust. When that was broken up into 35 companies and 35 of John D's managers were turned loose in the industry, Rockfeller's fortune skyrocketed. Every young turk at CHK that is worth his salt has been insulted if not demoralized.]]> Thu, 23 May 2013 20:49:08 -0400
Following conventional wisdom will always generate the most cheers, but it seldom solves the problems. It is perfectly asinine to pretend that there was no one in the CHK fold who could assume the mantle of CEO. I am sure there are just as many good managers working for CHK as there were in the old Standard Oil Trust. When that was broken up into 35 companies and 35 of John D's managers were turned loose in the industry, Rockfeller's fortune skyrocketed. Every young turk at CHK that is worth his salt has been insulted if not demoralized.]]> http://seekingalpha.com/article/1451471/comments?source=feed#comment-19098741 19098741
Translation: Unlike a lot of would be investors, engineers don't accept everything that comes out of a salesman's mouth (even if he is the CEO) without a modicum of supporting facts.]]> Tue, 21 May 2013 21:48:42 -0400
Translation: Unlike a lot of would be investors, engineers don't accept everything that comes out of a salesman's mouth (even if he is the CEO) without a modicum of supporting facts.]]> http://seekingalpha.com/article/1441731/comments?source=feed#comment-19003321 19003321 Sun, 19 May 2013 15:59:16 -0400 http://seekingalpha.com/article/1441731/comments?source=feed#comment-19003231 19003231 Sun, 19 May 2013 15:57:19 -0400 http://seekingalpha.com/article/1365101/comments?source=feed#comment-18845721 18845721 Wed, 15 May 2013 09:46:55 -0400 http://seekingalpha.com/currents/post/1020741?source=feed#comment-18764751 18764751 Mon, 13 May 2013 11:26:46 -0400 http://seekingalpha.com/article/1412741/comments?source=feed#comment-18593621 18593621
And never the twain shall meet as long as ex-Goldman types dominate Treasury, CFTC, etc., etc., and Congress is dominated by morons.]]> Wed, 08 May 2013 15:55:02 -0400
And never the twain shall meet as long as ex-Goldman types dominate Treasury, CFTC, etc., etc., and Congress is dominated by morons.]]> http://seekingalpha.com/currents/post/998591?source=feed#comment-18459101 18459101 Sun, 05 May 2013 10:05:54 -0400 http://seekingalpha.com/currents/post/998591?source=feed#comment-18443531 18443531 How appropriate.

Why is it so difficult for financial types to understand that oil and gas exploration and production isn't like any other business and requires management that has had first hand experience with as many of the nitty gritty details as possible. When the U. S. government started the Department of Energy, the bureaucrats wanted people who had never been involved with oil and gas so they would be objective, and look what happened.]]> Sat, 04 May 2013 13:13:25 -0400 How appropriate.

Why is it so difficult for financial types to understand that oil and gas exploration and production isn't like any other business and requires management that has had first hand experience with as many of the nitty gritty details as possible. When the U. S. government started the Department of Energy, the bureaucrats wanted people who had never been involved with oil and gas so they would be objective, and look what happened.]]> http://seekingalpha.com/article/1382751/comments?source=feed#comment-18279281 18279281
Too bad we can't sell extracts of the ego of guys like McClendon and Trump to those folks with low self esteem who we keep lowering our standards to accommodate.]]> Tue, 30 Apr 2013 14:13:40 -0400
Too bad we can't sell extracts of the ego of guys like McClendon and Trump to those folks with low self esteem who we keep lowering our standards to accommodate.]]> http://seekingalpha.com/article/1382751/comments?source=feed#comment-18279001 18279001 Tue, 30 Apr 2013 14:05:50 -0400 http://seekingalpha.com/article/1382751/comments?source=feed#comment-18251301 18251301
This was especially true when CHK was buying up the world and most everybody thought that going after the acreage at any cost was the smart move.]]> Mon, 29 Apr 2013 21:46:22 -0400
This was especially true when CHK was buying up the world and most everybody thought that going after the acreage at any cost was the smart move.]]> http://seekingalpha.com/article/1376651/comments?source=feed#comment-18240481 18240481 All intelligent reasoning, with perhaps one exception: there always comes a time when drilling contractors catch up with demand and start to do it for less than producers can with in-house rigs. Thus, if management "having their own drilling rigs...sees another way to bring huge chunks of cash to the balance sheet" they are looking through last years glasses.]]> Mon, 29 Apr 2013 16:20:49 -0400 All intelligent reasoning, with perhaps one exception: there always comes a time when drilling contractors catch up with demand and start to do it for less than producers can with in-house rigs. Thus, if management "having their own drilling rigs...sees another way to bring huge chunks of cash to the balance sheet" they are looking through last years glasses.]]> http://seekingalpha.com/article/1376651/comments?source=feed#comment-18149171 18149171 Fri, 26 Apr 2013 15:55:16 -0400 http://seekingalpha.com/article/1365101/comments?source=feed#comment-18035961 18035961 Wed, 24 Apr 2013 12:37:48 -0400 http://seekingalpha.com/article/1365101/comments?source=feed#comment-18035871 18035871 Wed, 24 Apr 2013 12:34:29 -0400 http://seekingalpha.com/article/1357521/comments?source=feed#comment-18001771 18001771
Caveat: Unverified info, but sometimes oilfield chatter is more reliable than news releases and information filed with state agencies.]]> Tue, 23 Apr 2013 17:48:32 -0400
Caveat: Unverified info, but sometimes oilfield chatter is more reliable than news releases and information filed with state agencies.]]> http://seekingalpha.com/article/1357521/comments?source=feed#comment-17935581 17935581 Mon, 22 Apr 2013 12:16:33 -0400 http://seekingalpha.com/article/1356111/comments?source=feed#comment-17907261 17907261
Just wondering how the Ni-Cad shortcomings were cured. ]]> Sun, 21 Apr 2013 16:07:11 -0400
Just wondering how the Ni-Cad shortcomings were cured. ]]> http://seekingalpha.com/currents/post/903071?source=feed#comment-16619181 16619181 Thu, 21 Mar 2013 16:00:56 -0400 http://seekingalpha.com/currents/post/862321?source=feed#comment-15705331 15705331 Fri, 01 Mar 2013 15:51:53 -0500 http://seekingalpha.com/article/1222371/comments?source=feed#comment-15553601 15553601 Tue, 26 Feb 2013 20:59:50 -0500 http://seekingalpha.com/article/1222371/comments?source=feed#comment-15504441 15504441
Just like it was for the thousands of vertical wells completed in the Mississippi in the last half of the 20th Century.]]> Mon, 25 Feb 2013 22:15:28 -0500
Just like it was for the thousands of vertical wells completed in the Mississippi in the last half of the 20th Century.]]> http://seekingalpha.com/article/1222371/comments?source=feed#comment-15491531 15491531 Mon, 25 Feb 2013 16:29:38 -0500