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Fracguy

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  • Buy These Five Small-Cap Oil Stocks With Low Debt Levels [View article]
    jj1937,
    My 1st frac job was in 1978. The first documented frac was pumped by Halliburton for Stan-o-lind in 1947. It is not new technology.
    Combining horizontal drilling with hydraulic fracturing was pioneered by the late George Mitchell in the early 2000's.
    Jan 25, 2015. 02:37 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Gold Rises Ahead Of ECB Meeting [View article]
    Utility rate increase? Must be all that expensive natural gas or the coal coming from bankrupt coal companies.
    Jan 22, 2015. 12:13 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Gold Rises Ahead Of ECB Meeting [View article]
    Way back in the days of the Houston Oilers Ray Guy of Oakland kicked a punt that stayed in the air for eternity. The Oilers refused to give the ball back and were going to have it tested. Ends up there was no rule on what you inflated the ball with, only a psi. They swore it had to have been inflated with helium to stay up that long. No helium found and Ray Guy is finally in the Hall of Fame.
    Jan 21, 2015. 09:24 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Gold Rises Ahead Of ECB Meeting [View article]
    For awhile there every time I heard "Rock and Roll" I got the urge to buy a Cadillac!
    Jan 21, 2015. 09:15 PM | 2 Likes Like |Link to Comment
  • Bakken Update: 2015 Oil Prices Are Key To Bakken Rig Movement [View article]
    Cashewking, Shell paid a billion dollars for drilling rights to Harrison Ranch in S. Texas, then turned around and sold it (along with producing wells) to Sanchez for 600 million, well before the oil price collapse. That may prove to have been a wise decision, but right now it looks like ineptitude to me.
    Maybe that is why he is the ex CEO.
    Shell, a history of mis-stated reserves and poor decisions. Early in my career I viewed Shell as 1 of top of the 7 sisters. Now they rank with CHK in my book.
    Jan 20, 2015. 11:36 PM | 1 Like Like |Link to Comment
  • Hotel Exposure To The Oil Crash [View article]
    I have read 2 SA articles from you about LQ and I don't buy your hypothesis.
    In this article you refer the Texas Comptroller to get you counts of Hilton and Hyatt hotels in Texas yet for La Quinta you refer to La Quinta's filings as the source.
    Why don't you use the Texas Comptroller for all 3?
    Yes a slowdown in O&G activity will have an impact on LQ, but not as much as those franchisees from South Asia.
    As to the insider selling I cannot say. Perhaps they had a waiting period after the IPO.
    Jan 20, 2015. 08:49 PM | Likes Like |Link to Comment
  • Vanguard Natural Resources' Shaky Distribution [View article]
    Price reductions on services in the "spot market" have already started in earnest. 20-25% reduction is what I see right now. Expect to see even greater as contracts expire. Some contractors are offering to renegotiate now to stave off the bloodbath. Drillers always take the lead in these price swings and what they do will serve as a barometer.
    Jan 20, 2015. 07:57 PM | 2 Likes Like |Link to Comment
  • Richard Zeits Positions For 2015: A Bull Case For North American Natural Gas [View article]
    Bh012888,
    I would beg to differ about reinvigorated nukes. Japan has invested heavily into US oil and gas operators after Fukisima. Cabot comes to mind.
    Cheap natural gas helped shut down the Vermont Yankee reactor -

    http://bit.ly/1ynpDvr
    Jan 15, 2015. 10:35 AM | Likes Like |Link to Comment
  • Richard Zeits Positions For 2015: A Bull Case For North American Natural Gas [View article]
    Some good, solid indicators for the long term outlook.
    LNG appears to be where most growth is forecast.
    Do you see any acceleration of LNG projects based on the political climate between Europe and Russia?
    Jan 14, 2015. 01:20 PM | Likes Like |Link to Comment
  • Oil & Gas Stocks: Have You Noticed A Performance Improvement? May Be Worth Paying Attention [View article]
    Thanks. "Shut in wells " would probably be the term us field guys would understand.
    Keep up the good work.
    Jan 10, 2015. 07:55 AM | 2 Likes Like |Link to Comment
  • Oil & Gas Stocks: Have You Noticed A Performance Improvement? May Be Worth Paying Attention [View article]
    Richard, excellent article as always.
    What is "containment" scenario? Is that one of those new terms like contango us old farts have missed out on?
    Jan 9, 2015. 05:25 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Oil Heads For Biggest Annual Decline Since 2008 [View article]
    Around my friends New Years Eve is known as Amateur Night.
    Dec 31, 2014. 05:14 PM | 2 Likes Like |Link to Comment
  • How Long Does A 'Typical' Oil Downcycle Last? [View article]
    Like Stalin said "How many divisions does the Pope have?".
    Dec 30, 2014. 12:00 PM | Likes Like |Link to Comment
  • How Long Does A 'Typical' Oil Downcycle Last? [View article]
    stuoliver, Hughes rig count used to be good barometer of activity, but with the advent of pad drilling (multiple wells from the same pad) it is a less reliable indicator.
    A better source is the applications for permit to drill. I do not have comprehensive, free source. If someone out the on SA knows of a good source I would certainly welcome it.
    The numbers I have heard bandied about indicate between 30 and 40% decrease over the previous month. With holidays and winter weather I'm not sure if that amount is all that drastic. Will have to wait and see if the trend continues into 2015.
    Dec 28, 2014. 12:20 PM | 1 Like Like |Link to Comment
  • Continental Resources: Budget Cut In Half, Production Still Growing [View article]
    The larger service companies (HAL, BHI, SLB and WFT) have been experimenting with various NG systems (CNG/LNG and wellhead) with mixed results. It is my understanding that the cost to convert frac pumps to run on NG is quite high, which has eaten into the cost savings. Right now I think the jury is still out.
    There was a smaller frac company (Greenfield) who were using gas turbines to power their pumps. They had partnered up with Shell on the Harrison Ranch Eagle Ford shale, but when Shell idled that development Greenfield went under. Harrison Ranch Eagle Ford has since been sold to Sanchez (SN).
    Dec 26, 2014. 05:03 PM | Likes Like |Link to Comment
COMMENTS STATS
171 Comments
230 Likes