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Fracguy

Fracguy
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  • Exxon Mobil: There Will Be Blood [View article]
    David,
    I don't think some of your readers will understand your answer.
    Not too many of us around that still bear the scars of the mid 1980's!
    Jan 31, 2015. 03:08 PM | 2 Likes Like |Link to Comment
  • Exxon Mobil: There Will Be Blood [View article]
    hsingh,
    You have your numbers backwards. According to attached website based on EIA numbers, transportation (gasoline/diesel-disti... fuel) used 52.3 million bpd out of a world supply of 90.3 million bpd in 2010.

    http://bit.ly/1BJHqOO
    Jan 31, 2015. 03:00 PM | Likes Like |Link to Comment
  • Exxon Mobil: There Will Be Blood [View article]
    hsigh,
    The margins are certainly better internationally, but anyway you slice it XOM will make less money. If XOM's lifting costs in Equatorial Guinea are $15/bbl instead of netting $75-80/bbl like XOM did in the 1st half of 2014 now they only make $25-30/bbl. And those lifting costs in the international arena are not going to fall like they are in the domestic US.
    Jan 31, 2015. 02:38 PM | Likes Like |Link to Comment
  • Exxon Mobil: There Will Be Blood [View article]
    mrtexas, during WWII my mother worked at the then Humble refinery in Baytown. At the end of the war she left to join the Army to work at the VA hospital. Her lifelong best friend continued to work for Humble/XOM in Baytown. When my mother would visit her friend in Baytown she was always puzzled that the cost of gasoline was always high at those stations outside the plant. As she used to say "You could run your car on the fumes from the plant". She could never understand with that 10% employee discount XOM pretty much had a captive customer base.
    Jan 31, 2015. 02:32 PM | Likes Like |Link to Comment
  • Exxon Mobil: There Will Be Blood [View article]
    Mayhawk, Funny!
    If you're OFT (oil field trash) PBR is a Plug Back Receptacle.
    Just another TLA to clog our brains.
    Jan 31, 2015. 02:23 PM | 1 Like Like |Link to Comment
  • Buy These 5 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 | 10 Likes 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 | 1 Like 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
COMMENTS STATS
191 Comments
261 Likes