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g8trgr8t

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  • 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 | Likes 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
  • Buy These 5 Small-Cap Oil Stocks With Low Debt Levels [View article]
    April 7, 2015: the three Flatland Federal wells have come off the confidential list:
    •26388, drl, BR, CCU North Coast 31-25TFH, Corral Creek, no production data,
    •27520, 6,002, Whiting, Flatland Federal 11-4TFH, TF1, Twin Valley, up to 9,900 gas units; 97 stages; 4.2 million lbs sand/ceramic; t10/14; cum 264K 2/15;
    •27521, 5,002, Whiting, Flatland Federal 11-4HR, Twin Valley, MB about 42 feet thick; 94 stages; 4 million lbs sand/ceramic; t10/14; cum 232K 2/15;
    •27522, 4,207, Whiting, Flatland Federal 11-4TFHU, 4 sections, TF2, in excess of 9,500 gas units, Twin Valley, t10/14; cum 193K 2/15;


    high number of frac stages but relatively moderate loading of proppant. wonder what these wells would have done if they would have really run the proppant up like EOG. Have to think that these types of wells change the dynamics. 2M EUR's on the horizon?
    Apr 17, 2015. 11:04 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    where could I find data on that well?

    thanks
    Apr 14, 2015. 01:23 PM | Likes Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    from the SA oil minister yesterday..seems like they are ready to cut a deal with Russia to cut the surplus


    Late on Tuesday they got a further jolt when Saudi oil minister Ali al-Naimi said the kingdom stood ready to "improve" prices but only if producers outside the Organization of the Petroleum Exporting Countries (OPEC) joined the effort.
    Apr 8, 2015. 10:34 PM | 1 Like Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    http://seekingalpha.co...

    good read here
    Apr 8, 2015. 10:24 PM | Likes Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    wll getting $50 after transport costs is what I assume the author meant. hedges would be included in the price they get

    http://seekingalpha.co...
    Apr 8, 2015. 10:22 PM | Likes Like |Link to Comment
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