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  • Oil Markets Appear Boring In A Good Way [View article]
    I know you will be paying close attention... I look forward to reading your opinions.
    Aug 20 10:41 AM | Likes Like |Link to Comment
  • Oil Markets Appear Boring In A Good Way [View article]
    You do Good Work...hopefully, those who control the "Seats" will recognize your potential. We need Domestic Advocates...in Part, to keep the Governments honest and, to the extent possible, at arms-length.
    Aug 18 03:28 PM | Likes Like |Link to Comment
  • Oil Markets Appear Boring In A Good Way [View article]
    "Factset" currently shows WTI trading @ $90 BBL for January 2017 delivery ...then the trajectory flattens out somewhat to $87 BBL for Jauary 2023 delivery.

    No doubt there will be plenty of disruptions along the way but, for now, we are awash in crude....but , the markets have already substantially discounted this.

    As Jennifer correctly states...we, as a country, need to be smart with how we exploit our resources. I am not suggesting a bunch of government intervention but hopefully, we will see some moderation of production by the producers... But I am not so sure that the exploration business is modeled for moderation.

    Thank you , Jennifer...another thought provoking article.
    Aug 14 10:21 AM | Likes Like |Link to Comment
  • Don't Underestimate The Condensate: Pioneer's Holistic Rich-Liquids Model [View article]
    All of these "Regulations" seem to be "moving around"... I think we will all be better off if the Gov't Regulators just get out of the way. Governments sure know how to confound common sense.
    Aug 6 03:14 PM | 1 Like Like |Link to Comment
  • Don't Underestimate The Condensate: Pioneer's Holistic Rich-Liquids Model [View article]
    Here is an article off of today's (8/06/2014) Thomson/Reuters' Newswire. According to this article, there does not seem to be much clarity to this Export scheme.


    ----------------------...

    U.S. Commerce official seeks to clarify condensate export rules
    Tue, 5 Aug 19:32:00 GMT


    WASHINGTON, Aug 5 (Reuters) - A senior Commerce Department official has offered the first public explanation of the decision to allow two companies to export a lightly processed form of ultra-light crude oil, saying the action was consistent with nearly three decades of policy.

    Eric Hirschhorn, undersecretary of the Bureau of Industry and Security (NASDAQ:BIS), told trade newsletter Washington Tariff & Trade Letter that the recent decisions were based on the premise that once crude oil has been processed, it is no longer technically "crude." [ID:nL2N0PW1P2]

    He highlighted the distinction between what is known as

    "lease condensate" and processed condensate, which is exportable under current regulations.

    “Lease condensate means condensate as it comes out of the ground. Processed condensate, if it’s been processed through a crude oil distillation tower, is not crude oil. That’s the regulation,” the newsletter quoted Hirschhorn as saying. The bureau administers and enforces export controls.

    “What’s new is the composition of what’s coming out of the ground, which may be different.”

    He said that policy on crude oil exports has not changed since 1986, although the boom in U.S. shale oil production is generating a surge in condensate output and thus increased interest in regulatory details.

    His comments are consistent with what Commerce representatives and legal experts have said this year.

    As many as a dozen or more energy companies may be seeking clarification of whether they can export oil within the bounds of existing law, putting the BIS in the hot seat.

    But because its decisions are confidential, one company cannot use another company's clarification as a precedent unless the exact wording is disclosed.

    News in June that Pioneer Natural Resources and Enterprise Product Partners were given the approval to export lightly processed condensates created a storm of confusion and questions, even after BIS officials said at the time the ruling was merely a technical interpretation, not an official effort by the Obama administration to ease a decades-old export policy.

    The attention that the BIS decisions on Pioneer and Enterprise have received has likely caused the agency to be more cautious as it reviews a growing number of requests for clarification on exports.

    At least three seeking clarification on whether they can export their oil have been told that their requests are being

    "held without action," an indefinite pause in the review process that allows officials to ask more questions of the companies and seek additional information.


    (Reporting by Valerie Volcovici; Editing by Steve Orlofsky)

    ((jonathan.leff@thomso... 646 223 6068)(Reuters Messaging: jonathan.leff.thomsonr...

    Keywords: USA OIL/EXPORTS


    RELATED QUOTES
    Symbol Last Change
    PXD.N -- --
    EPD.N -- --


    RELATED STORIES
    Marathon Oil exploring ways to export condensate -CEO
    ----------------------...

    Pioneer says owned most of condensate exported by Enterprise
    ----------------------...

    EXCLUSIVE-U.S. condensate oil export requests put on hold for now -sources
    ----------------------...
    Aug 6 09:28 AM | Likes Like |Link to Comment
  • Don't Underestimate The Condensate: Pioneer's Holistic Rich-Liquids Model [View article]
    PXD is one of my core holdings. I am not overly proud of it today but these guys are "focused". Not only do they own the right leases,they are exceptionally conscious of adding value.

    These are Top Tier Oil Men.
    Aug 5 03:21 PM | 2 Likes Like |Link to Comment
  • Update: Energen Results Proving Out Pure-Play Transition [View article]
    I own it and Love it. I keep thinking EGN ought to be a good acquisition candidate.

    Thanks for the update.
    Aug 4 03:34 PM | Likes Like |Link to Comment
  • Anadarko Petroleum Is Set To Make Big Profits [View article]
    Say WHAT!!?
    Aug 4 12:11 PM | Likes Like |Link to Comment
  • RSP Permian +4% on Q2 production growth, higher 2014 outlook [View news story]
    Thank you, Jennifer... I have had RSPP on my "Watch List" for quite a while but, so far, I have not been able to reach a comfort level.

    Do you have any feel for how attractive these assets would be from an aquisition perspective? Are they In anybody's way?
    Jul 30 09:34 AM | Likes Like |Link to Comment
  • Update: Apache Commitment To North American Push [View article]
    I understand...it is hard to hit a moving target. That is one of the main reasons that the exploration "game" is so much fun...to Me anyway.
    Jul 25 10:10 AM | Likes Like |Link to Comment
  • Update: Apache Commitment To North American Push [View article]
    Wouldn't it be nice to have a copy of the 7/24/15 Wall Street Journal?
    Jul 24 01:42 PM | Likes Like |Link to Comment
  • EOG Resources started with Buy rating at Argus [View news story]
    "Window Dressing"
    Jul 17 03:05 PM | Likes Like |Link to Comment
  • Oil Markets In U.S. Increasingly Supplied By Permian Basin [View article]
    Thank you for the CXO comments. I too bought the stock but I allowed myself to get "Bucked-Off" of it...did reasonably well for the short period I could hang on. It is a Rank one to ride...
    Jul 17 09:49 AM | Likes Like |Link to Comment
  • Oil Markets In U.S. Increasingly Supplied By Permian Basin [View article]
    Another very good presentation.... thank you. I have been "Circling" CXO...but I can't get a comfortable feel for it. Do you have a specific take on it?
    Jul 16 12:02 PM | Likes Like |Link to Comment
  • Update: Apache Commitment To North American Push [View article]
    Home Sweet Home. With the Mid-East "boilng over", it is not difficult to see why Apache is choosing to concentrate on its Permian assets. When you add in the extensive infrastructure that Joe from the Beach pointed out, I would bet that the Risk Adjusted returns from the Permian, eclipses the Risk Adjusted returns from many of APA's international assets....Argintina included.

    A good, timely article. Thank you, Jennifer.
    Jul 9 02:25 PM | Likes Like |Link to Comment
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