NextWave EFT

Fundamental analysis in the energy space. Not investment advice.

[NextWave EFT @NextWaveEFT]

@oilfieldservai This looks pretty bad for him. I’m still curious if you believe in his assessment of the woodford being prospective on your acreage. All the other stuff he did could have been a fraud, but was he being truthful about the woodford thing?

[NextWave EFT @NextWaveEFT]

@ChevExec Not sure what they do at this point. Used to pitch that gravity storage thing, but now it seems they mostly acquire battery projects? Which makes more sense than building the world’s most expensive elevators

[NextWave EFT @NextWaveEFT]

Quick note on enhanced geothermal systems (EGS):

There isn’t a world where drilling horizontal wells for hot water is cost competitive with drilling for natural gas.

Same drilling technology deployed, but one product has 10x the energy density.

This isn’t rocket science.

[NextWave EFT @NextWaveEFT]

@AlanFoum Repurposing old wells is more of a battery storage solution vs being considered a geothermal solution. Very little heat involved there.

[NextWave EFT @NextWaveEFT]

@oilfieldservai Every oil god is telling you it’s time to drill it. End the noise. Drill a monster and ride off as a legend.

[NextWave EFT @NextWaveEFT]

@dontflytoohigh What you’re likely hearing interest in is residential geothermal, which can make sense for heating/cooling local communities. Not the same as egs which is for utility scale electricity generation.

[NextWave EFT @NextWaveEFT]

@dontflytoohigh The benefits you mentioned are far outweighed by the higher operating costs for EGS. Incorporating all costs, which I think you’re trying to do, makes it look worse.

[NextWave EFT @NextWaveEFT]

@leftcoastoilboy No

[NextWave EFT @NextWaveEFT]

@CADQUESO These systems are not self regenerating. Productive life of a system is designed to stay in economic territory for 10-20 yrs. Longest pilot test has been online < 2 yrs.

[Matt Gallagher @MattG_PE]

🧵$100 oil will not cause demand destruction or a US Recession.

The numbers prove it.

1/ From June 2011–June 2014, WTI averaged $96.16 per barrel.
Global oil demand kept growing steadily:
~87.1 mb/d (2010) → 91.5 mb/d (2014).

[John Arnold @johnarnold]

Hard to overstate the role shale gas has played in lowering inflation and spurring American industry. Were we a net importer today as forecast in the 2000s, domestic nat gas & power would be at multiples of current pricing, serving as a huge tax on individuals and companies.
1/5

[NextWave EFT @NextWaveEFT]

@aronro @TimMLatimer @NextWaveETF How much power has that project produced the last year and how much did it cost?

Circling back to the original post of surprise people aren’t recognizing geothermal, you can’t be surprised when the only information given is a “yes/no” box whether a demonstration project exists

[NextWave EFT @NextWaveEFT]

@aronro @TimMLatimer How much has that project produced and at what cost

[NextWave EFT @NextWaveEFT]

@ratrace232 $M in this report means $1000, not $1 million.

[NextWave EFT @NextWaveEFT]

This may be the most amateur mistake I’ve ever seen in the oil and gas industry.

The (unhinged) CEO of $AZRH claims his NSAI reserve report calcd $6 billion of value.

Turns out he misinterpreted “M” as “Millions” instead of thousands.

It says $6 million. Not $6 billion. Lol

[NextWave EFT @NextWaveEFT]

@TimMLatimer That’s fine, but your original post was noting surprise how under the radar geothermal is. Most in the energy community would consider that conference under the radar, and the prod information you reference doesn’t appear to be accessible to the broader public. Or, is it?

[NextWave EFT @NextWaveEFT]

@KVanthof @JavierBlas 🤣

[NextWave EFT @NextWaveEFT]

@BelisarianCusto @opinioncasino What were those realities that you didn’t foresee?