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g8trgr8t

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  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    The best I can tell after reading through various articles is that phase 3 of their plan to get them to their 90 day supply wasn't originally scheduled until 2020 but it is suspected that it is now going to start filling late 15.

    As their demand increases, the SPR will also grow ad the 90 day demand will be growing.


    Bernstein said that given current mounting geopolitical risks, it is fair to assume China wants to secure 90 days of import cover through to 2020, although this will require a fourth phase of SPR to be built before then.

    "China will need 571 million barrels of storage by 2015 and 714 million barrels of oil in storage by 2020 to cover 90 days of import, which requires aggressive infrastructure build-out post 2016," Bernstein said.
    Jun 16, 2015. 10:03 AM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    NEA announced last year that China was building another 208 million barrels of storage to get them to the 90 day storage encouraged by NEA. expected to come on line end of 2015
    Jun 15, 2015. 11:50 AM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Lot of chinese refiners were down for maintenance
    Jun 11, 2015. 12:32 PM | Likes Like |Link to Comment
  • Oasis Petroleum: Success Of High-Intensity Completions Drives Cash Flow Neutrality At Lower Oil Prices [View article]
    I believe that Chevron has recycled their water to farmers to blend with fresh water in California for 20 years but it is all about the chemistry...I think there are others that do it in Cali too but not sure
    May 26, 2015. 10:56 AM | 2 Likes Like |Link to Comment
  • Oasis Petroleum: Success Of High-Intensity Completions Drives Cash Flow Neutrality At Lower Oil Prices [View article]
    not with the NCS Energy coiled tube systems. no plugs to drill. it was their system that set the bakken and three forks records recently in WLL wells
    May 21, 2015. 12:45 PM | 1 Like Like |Link to Comment
  • Crude futures react on inventory draw [View news story]
    I think you have that backwards. we produce a lot of light sweet and most of the big gulf coast refineries are set up for heavy sour.

    The light sweet demand is on the east/west coasts but the midstream bottlenecks still exist to getting it to market. We need east west pipelines to get the product to the consumer more efficiently.
    May 6, 2015. 04:04 PM | 1 Like Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Do you know if NCS Energy has completed any refracs with their coiled tube multi-stage tech?
    Apr 27, 2015. 04:32 PM | Likes Like |Link to Comment
  • Natural Gas: Frackalicious [View article]
    NCS Energy Services has the best tech I have come across. 90 -100 + stages as fast as traditional 36 stage wells. Produced the highest two bakken/three forks 24 hour ip's for WLL using a modest amount of proppant.

    http://bit.ly/1z6Uxw3
    Apr 27, 2015. 03:20 PM | 2 Likes Like |Link to Comment
  • U.S. Shale Oil: A Grand Parade Of Cost Improvements [View article]
    Good read.

    How much of TPLM cost is due to use of ceramic vs sand in deeper, higher pressure geology?

    Are sand prices dropping or is new code using more proppant supporting sand prices?

    Thanks
    Apr 23, 2015. 04:37 PM | Likes Like |Link to Comment
  • Triangle Petroleum: Strong Quarter, Difficult Outlook [View article]
    It is my understanding that if a ND oil/gas well is not producing for 12 months that it must be placed in a abandoned well status and plugged or bonds be put in place to cover the cost of the plugging. You may want to check into that further.

    found this in Bloomberg today

    The U.S. fracklog has ballooned as drillers wait for prices to recover, with oil wells making up more than 80 percent of the total.

    The Permian Basin, which covers parts of Texas and New Mexico had the biggest collection of unfraced wells as of February, with 1,540 waiting to be completed. The count totaled 1,250 in Texas’s Eagle Ford formation and 632 in North Dakota’s Bakken shale.

    Last week, Raoul LeBlanc, an oil analyst with Englewood, Colorado-based consultant IHS Inc., pegged the U.S. fraclog at around 3,000 wells. Halliburton Co., the world’s second-biggest provider of oilfield services, estimated there are about 4,000 uncompleted wells, citing “third party estimates.”
    Apr 23, 2015. 10:57 AM | Likes Like |Link to Comment
  • Triangle Petroleum: Strong Quarter, Difficult Outlook [View article]
    I believe that the fourth spread didn't start producing revenue until the 3rd or 4th quarter. With all 4 spreads operating for the entire year the price concessions may be dampened by the increased volume.

    Am I correct that wells have to be completed within 12 months of drilling in ND and if so will that help keep a steady stream of pp work with over 3000 wells waiting to be fracced?

    I think some of the most valuable assets they have acquired are the easement rights for their collection and water disposal infrastructure. Pumps can be replaced but easements can last forever.
    Apr 22, 2015. 10:49 AM | Likes Like |Link to Comment
  • Triangle Petroleum: Strong Quarter, Difficult Outlook [View article]
    If you used a service company multiplier (12 - 16?) on Rockpile and Caliber revenue what do you think they are worth stand alone?
    Apr 21, 2015. 04:41 PM | Likes Like |Link to Comment
  • Iran looks to OPEC to clear way for more production [View news story]
    once the first Saudi pilot is captured or killed by the Houthis using Iranian shoulder fired missiles all bets are off. Iran already has several hundred Republican Guard in Yemen so the operational ability is already there and with the Iranian ships patrolling the coast I can't imagine that they will not try to penetrate SA and US patrols to deliver the required weapons. I don't see SA doing anything to help Iran as long as Iran is in Iraq, Syria, and especially Yemen. SA will not accept Iranian influence in Yemen and Iran doesn't seem to be interested in backing out of Yemen.
    Apr 21, 2015. 10:25 AM | 1 Like Like |Link to Comment
  • Triangle Petroleum: Strong Quarter, Difficult Outlook [View article]
    good read. I also wish that they would open up with more details as to what Rockpile is doing and how their results compare to the competition.

    Although the equipment may still be in theatre, a lot of the talent to operate it has moved on. Not sure how easy it will be to round those folks back up if the downtime lasts too long.

    Overall very happy with this management team, I wish they ran WLL.
    Apr 21, 2015. 10:21 AM | 1 Like Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    is the data published anywhere? well numbers??
    thanks
    Apr 20, 2015. 04:13 PM | Likes Like |Link to Comment
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