Replies to This Discussion

Permalink Reply by Robert Phillips on February 21, 2013 at 11:00

Occidental.  They are a big player in the Monterrey, Bakken and Eagle Ford trends.  Through the Cities acquisition they own probably 20,000 acres in the Monroe Field on the east of the Ouachita.   They have no presence here and SWN would make a good partner.

Permalink Reply by obed w odom on February 21, 2013 at 11:01

I'm with you, North LA, as I said on another thread. XOM should certainly have the wherewithal, but if I were SWN I might be worried about being swallowed up by XOM.

Permalink Reply by ddozier on February 21, 2013 at 12:02

Yes having worked for Mobil for a number of years, they do tend to eat the young..as for my bet.. I'm thinking Hess or cop. They both are cash rich and looking to grow prod numbers a jv would do that for them. And think about it swn got this for a song comparatively speaking..xom likes big stuff I mean really big stuff I would see them buying swn not jv with them...

Permalink Reply by Two Dogs, Pirate on February 21, 2013 at 13:54

XTO's motto was always "We don't play well with others". I think that is one of the reasons XOM bought them along with other strong points that XTO had in place.

Permalink Reply by Big Little Oil on February 22, 2013 at 1:54

XOM/XTO has already revealed that they have 250,000+ acres in the play , over a year ago.

Apache has outlined the play as a target recently on their December presentation at Capital One's conference. Thats my guess.

Permalink Reply by ddozier on February 22, 2013 at 3:23

Mmm maybe but I don't think they are big enough

Permalink Reply by Jim York on February 22, 2013 at 4:17

What about Devon? They have a pretty sizable block of acreage to the east, or are they to poor to play? You would think the most interested parties are those who have a dog in the hunt.

Permalink Reply by North LA on February 22, 2013 at 4:26

Whiting could also be a possibilty.

Permalink Reply by L Davis on February 22, 2013 at 4:38

Cabot?  They have a BD in well in S AR very near SWN's Garrett well and have said they would wait to see what the industry does before doing anything else.  Also, I think they have acreage very near the SWN's wells that are producing.

Permalink Reply by North LA on February 22, 2013 at 4:46

Good guess on Cabot. I think you are probably correct because there is too much smoke. They are probably just going to share risk by splitting the cost of 5-6 wells in return for data. I kind of hope that it's a multi-billion dollar deal but I doubt that's the case and the Cabot deal is more likely. 

Permalink Reply by Land Rat on February 22, 2013 at 5:07

COP already has a 200k+ position in the play.

Permalink Reply by North LA on February 22, 2013 at 5:12

Yes but they could form a JV and split the cost of 7-10 of the wells until the efficiency is maximized. Just a guess.

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