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g8trgr8t

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  • 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
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    Nice to see you again stranger. Have missed your articles. Timely and good read about how the technology will only improve so whoever has the geology and the balance sheet to remain solvent should do just fine.

    When do you expect to see results of refracs from WLL?

    In case you missed this, seems like SA is ready to cut if Russia is

    The EIA data arrived a day after Saudi oil minister Ali al-Naimi said that Saudi Arabia's output would likely remain around 10 million bpd after posting a record high of 10.3 million bpd in March.

    Naimi also 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. 10:15 PM | Likes Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    Michael Filloon wrote an article on this today in SA. Great read.

    short story, companies with the right geology can make money on refracs at $50 + realized price

    this will be interesting to watch develop over the next 3 - 6 months. from the article

    Economics of refracs could be quite good even at today's oil prices. Using $50/Bbl, we see that the difference in production would produce 360-day revenues between $4.7 million and $6.9 million. This easily covers the estimated $2 million in costs, and payback times would be between 6 to 9 months only using revenues from oil. For 2015, Whiting plans to drill 265 wells. The majority of these are going to be focused in high return areas. The areas of focus can be seen below
    Apr 8, 2015. 09:18 PM | Likes Like |Link to Comment
  • Bakken Update: Whiting's Extensive Refrac Inventory May Provide Significant Upside [View article]
    welcome back. I have been missing your articles. Great read and happy to see you long again. Did you catch that the SA oil minister said they were ready to work on prices if non-opec producer (cough Russia cough) would go along and reduce also.
    Apr 8, 2015. 08:50 PM | 5 Likes Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    Or they could take substantial positions in US shale companies or buy long term hedges on that shale oil before cutting back on their production and driving the prices back up. SA is in control of the market and they can take advantage of that control in a number of ways.
    Apr 8, 2015. 11:33 AM | Likes Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    read results of some of wll's most recent wells. only getting better. newer wells are running a 35% plus EUR's over offsetting wells that aren't that old. recovery techniques are only going to get better and better
    Mar 24, 2015. 10:27 PM | 2 Likes Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    waterflood doesn't work in ND geology.

    refrac's will squeeze 2x what the old wells originally produced as they get recoverable up to 15 - 20% in the not too distant future. all infrastructure in place and paid for. low royalties on old wells in the sweetest spots in the formation.
    Mar 23, 2015. 04:00 PM | 1 Like Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    waterflood is not a viable option in ND geology. too much clay in mist formations sthat will swell with water pressure. reline, refrac is coming.

    Some of the oldest most depleted wells are in some of the best areas with all the infrastructure in place. technology is advancing every day and being able to go back an get another 10% from those sweet spots on top of the 5% they got the first time is going to be low hanging fruit once they perfect the technique. those older wells also had lower royalties attached to them.
    Mar 23, 2015. 03:53 PM | 5 Likes Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    3000 wells drilled and not fracced

    ND 6.5% tax getting ready to hibernate until oil recovers.

    I hope demand catches up because I don't see supply dropping much as some of that backlog of wells sitting waiting on completion gets consumed. Lower pressure pumping prices combined with tax relief will make oil economical at lower prices than what it is now.
    Mar 23, 2015. 03:07 PM | 1 Like Like |Link to Comment
  • Crude oil tumbles, ignoring OPEC's warning on U.S. oil boom [View news story]
    they will then probably all be owned by majors who can afford to control the flow to fit the market demand
    Mar 16, 2015. 12:09 PM | 3 Likes Like |Link to Comment
  • What Is Whiting Petroleum Worth In A Sale? [View article]
    WLL put itself up for bid before. The feedback they received was they weren't big enough to move the needle so they got bigger and diversified by adding the DJ basin and including KOG. Now they are testing the waters again to see if any majors want to buy in. If they don't get what they want they will adjust accordingly and I suspect put it up for bid again at a later date. Completion techniques continue to improve so the stated reserves will only increase in number as the newer wells get enough history to justify restatement of reserves. This is a 30 - 40 year investment for a major. They are not worried about price of oil today or tomorrow.
    Mar 16, 2015. 12:04 PM | 1 Like Like |Link to Comment
COMMENTS STATS
603 Comments
578 Likes