Chesapeake Sells Marcellus Acreage To Southwestern At $574 Per Acre: Quick Read [View article]
One of the reasons I let my Forbes subscription expire.
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.
Sandridge Could Be Further Negatively Impacted By Poor Trust Well Performance [View article]
SITC - 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.
Chesapeake Without McClendon: Leaving Money On The Table In Asset Sales [View article]
Remember sports fans, raw acreage is a long way from money in the bank. Kingfisher County, Oklahoma is where it all started in the Mississippi Lime about 50 years ago. $500/acre may prove to be generous.
Chesapeake Without McClendon: Leaving Money On The Table In Asset Sales [View article]
Maybe the new gal at the SEC will do better. Not only does the SEC wait until the horse is out of the barn to begin an investigation, they usually don't start until the barn burns down.
Still Too Much Uncertainty At SandRidge [View article]
I haven't been keeping up with the actual results; just the local gossip, which is: Miss Lime is a big disappointment in Kansas. Very irregular in thickness and natural fractures. Some wells coming in at less than 100 barrels per day with fast decline.
Caveat: Unverified info, but sometimes oilfield chatter is more reliable than news releases and information filed with state agencies.
Still Too Much Uncertainty At SandRidge [View article]
Ignoring the historical results from development of the Mississippi formation, which has been more or less continuous since the 1960's is not without penalty. The $64 question: Will horizontal drilling deliver ultimate recoveries that justify the higher costs, or will the aggregate final economic result be no better than the aggregate of vertical wells ? The Mississippi has always been a game of averages, and it appears will continue to be so. Early on, it seemed that drilling any seven wells in a row would produce three dogs, three average wells, and one far enough above average to offset the dogs, bringing the overall program up to average. That illusion was shattered, of course, when ten or fifteen in a row turned out to be stinkers. Ostensibly, there are better tools now to pick the sweet spots, but I think the jury may still be out.
Updating Boeing's Lithium-Ion Battery Problem - A Solution? [View article]
I will admit up front to a 25 year gap in my technology, but Ni-Cads had the same problem with thermal run always, explosions and fires back in the 1980s. I had the luxury of flying my own Bell Jet Ranger to keep up with a bunch of drilling rigs. The Bells came from the factory with Ni-Cads. Several Bells experienced thermal run aways and there were reports of explosions (not good since the battery sets in the nose over your feet). I went back to a lead acid battery, as did others (which also eliminated the nuisance of deep cycling).
Just wondering how the Ni-Cad shortcomings were cured.
Investors fear Harold Hamm's contentious divorce could lead to a record financial settlement - he's worth an estimated $11.3B - and threaten his control of fast-growing Continental Resources (CLR -2.8%). Under Oklahoma family law, wealth accrued through the efforts of either spouse during a marriage would typically be subject to "equitable distribution" between the parties. [View news story]
In what should not be a shock, Chesapeake Energy (CHK -3%) discloses the SEC is continuing its informal investigation of the company and has issued subpoenas for documents and testimony. The probe regards the practice of giving the CEO (departing next month) stakes in every well the company drills. [View news story]
Chesapeake's Mississippi Lime Joint Venture Falls Woefully Short Of Expectations [View article]
How does selling $12 Billion in assets in 2012 to reduce debt, but ending the year with little change in debt make for a stronger company ? Did all of the $12 Billion end up in the development of oil production, or was a lot of it consumed by inefficiencies ?
Chesapeake Sells Marcellus Acreage To Southwestern At $574 Per Acre: Quick Read [View article]
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.
Chesapeake Sells Marcellus Acreage To Southwestern At $574 Per Acre: Quick Read [View article]
Chesapeake Sells Marcellus Acreage To Southwestern At $574 Per Acre: Quick Read [View article]
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.
Sandridge Could Be Further Negatively Impacted By Poor Trust Well Performance [View article]
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.
Sandridge Could Be Further Negatively Impacted By Poor Trust Well Performance [View article]
Chesapeake Without McClendon: Leaving Money On The Table In Asset Sales [View article]
Chesapeake Without McClendon: Leaving Money On The Table In Asset Sales [View article]
Still Too Much Uncertainty At SandRidge [View article]
Caveat: Unverified info, but sometimes oilfield chatter is more reliable than news releases and information filed with state agencies.
Still Too Much Uncertainty At SandRidge [View article]
Updating Boeing's Lithium-Ion Battery Problem - A Solution? [View article]
Just wondering how the Ni-Cad shortcomings were cured.
Investors fear Harold Hamm's contentious divorce could lead to a record financial settlement - he's worth an estimated $11.3B - and threaten his control of fast-growing Continental Resources (CLR -2.8%). Under Oklahoma family law, wealth accrued through the efforts of either spouse during a marriage would typically be subject to "equitable distribution" between the parties. [View news story]
In what should not be a shock, Chesapeake Energy (CHK -3%) discloses the SEC is continuing its informal investigation of the company and has issued subpoenas for documents and testimony. The probe regards the practice of giving the CEO (departing next month) stakes in every well the company drills. [View news story]
Chesapeake's Mississippi Lime Joint Venture Falls Woefully Short Of Expectations [View article]
Chesapeake's Mississippi Lime Joint Venture Falls Woefully Short Of Expectations [View article]
Just like it was for the thousands of vertical wells completed in the Mississippi in the last half of the 20th Century.
Chesapeake's Mississippi Lime Joint Venture Falls Woefully Short Of Expectations [View article]