Replies to This Discussion

Permalink Reply by Rock Man on March 21, 2018 at 6:09

That seems high but is possible (I guess). 

Permalink Reply by Skip Peel - Mineral Consultant on March 21, 2018 at 6:21

I could see a 1500 HP top drive.

Permalink Reply by littleasy on March 22, 2018 at 9:30

BREAKING NEWS

DOW ⬇️ 724 2.93%

WTI (May) ⬇️ 1.40%

Tariffs, Interest Rates, Security and Volatility???

Interesting article about Exxon in terms of future investments and possible acquisition targets.

http://flip.it/RQ_Pco

Companies listed are all former or current operators in the LA Austin Chalk Play.

Permalink Reply by Jesse Joyner on March 22, 2018 at 9:44

There's a slogan: "Don't Mess with Texas." Maybe there should also be another one: "Don't Mess with Rex."

Permalink Reply by littleasy on March 22, 2018 at 10:30

Exactly, and never forget “Screw You, We’re From Texas.”

https://youtu.be/8-cFtSPIF4Q

But, Rex took the high ground by saying, "This can be a very mean-spirited town ... But you don't have to choose to participate in that."

Permalink Reply by littleasy on March 22, 2018 at 17:01

The Motley Fool 5 days ago

Oil Demand Is Red-Hot Right Now, Which Could Make 2018 a Great Year for Oil Stocks

https://finance.yahoo.com/news/oil-demand-red-hot-now-180300781.html

Permalink Reply by littleasy on March 23, 2018 at 1:22

Seeking Alpha

Crude Oil At The Top End Of Its Range
http://flip.it/CMNonO

Summary
* Lows fail which leads to a test of the highs.
* Inventories provide support.
* Brent-WTI rebounds on Iran.
* Processing spreads remain supportive.
* Oil equities are not following the commodity.

Permalink Reply by David Crockett on March 23, 2018 at 8:32

 an article about the austin chalk by DNR Louisiana  I just stumbled on it a few minutes ago

http://www.dnr.louisiana.gov/index.cfm?md=pagebuilder&tmp=home&pid=1442

Permalink Reply by Bob Zimmerman on March 23, 2018 at 9:21

Lots of sugar coating on that.

Permalink Reply by Hydrocarbonite on March 23, 2018 at 9:46

Sugar coating maybe by the DNR TO PROMOTE THE PLAY!! 

I just wish EOG and Torrent would move on planned/permitted wells!

we all want to see more action and less talk with all the leasing coming to an end in our areas!

some are even skeptical that leasing is getting cancelled!

Permalink Reply by Skip Peel - Mineral Consultant on March 23, 2018 at 10:25

Don't make hasty judgements about leasing.  Have a little patience.  We are only seeing bits and pieces of the action.

Permalink Reply by Rock Man on March 23, 2018 at 10:52

At the cost of these wells, "slow moving" is the rule until operators have some positive track record and a lot more confidence in well results and economics.

Remember that this is an "exploration" play in the AC this time around in Louisiana.

Caution is the word as to operator movement on putting holes in the ground

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