"So you planned your D&C program using the top 5 wells of all time as your budget type curve"
"Yes Dave"
“And you used $100 WTI and $5 Henry Hub as your price deck”
“That’s right”
"Now you're bankrupt?"
"Yessir"
“And what’s your question”
“Can a 522 FICO qualify for a no money down Raptor”
It’s cool and all, but I never actually beat Tom at anything by myself…that’s why I would love to challenge him to a game of ping pong, horse, horseshoes, anything where it would be me vs him! Then I can say what my record is against Tom! I played for some damn good teams that rose up to the challenge!
They own different ones. These were owned by Exxon and there is a federal pipeline that goes to the onshore processing facility. That pipeline did not leak. The 124 mile onshore state pipeline leaked in 2015. These have been and will be incredibly profitable with lifting costs between $11-13. More importantly, when they were operating, the oceans had less oil and tar and were much cleaner.
Biden Bans Offshore Drilling….Kinda - @mtanner_1 covers this top story today.
@EnergyAbsurdity AKA David Blackmon and I are recording a podcast this morning to also discuss the impacts. This is a huge issue, and we are so grateful that the Biden administration is on the way out. What a positive feeling.
In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner covered Biden's offshore drilling ban targets areas no one drills, serving as a political move to bolster his climate legacy, while EPA waivers let California tighten emissions rules on lawn equipment and trucks. Oil markets saw crude dip to $73 and natural gas rise on weather concerns, while the Dallas Fed Energy Survey revealed cautious optimism in the oil patch, though service companies flagged a disconnect between spending plans and actual activity. It’s politics, price swings, and mixed signals all around in energy today.
Highlights of the Podcast
00:00 - Intro
01:21 - Politics Biden bans new offshore oil and gas drilling in most U.S. coastal waters
06:50 - Biden Gives Calif. Special EPA Waivers To Impose Stricter Emissions On Lawn Gear, More
14:00 - Markets Update
16:46 - Dallas Fed Energy Survey
24:10 - Outro
#oilprice
@dennishegstad Oil and gas > real estate
Tax deductions alone make it superior and as a bonus you can call yourself Billy Bob Thortan from Landman at Christmas parties
Biden spends $3 Billion on 32 Electric Mail Trucks - @DOGE cannot get here fast enough.
DOD prioritizing climate change - good grief.
In this episode of the Energy News Beat Daily Standup, the hosts, Stuart Turley and Michael Tanner discuss major energy and geopolitical headlines, including the U.S. Postal Service falling short on its electric vehicle goals, the Department of Defense prioritizing climate change, North Korea's oil-for-troops trade with Russia, and challenges in California's EV mandates. They critique government inefficiencies, highlight the importance of natural gas exports, and emphasize geopolitical impacts on energy markets. Tanner also examines a legal dispute involving offshore oil bonding, comparing it to overreach by insurance companies. The discussion concludes with insights on oil market dynamics, orphan wells, and predictions for oil prices amid geopolitical tensions and supply-demand imbalances.
Highlights of the Podcast
00:00 - Intro
01:50 - Postal Service’s plan to electrify mail trucks falling far short of its goal
03:34 - Biden’s DoD Doubles Down On Climate Action As Trump Promises Military Reset
06:03 - North Korean troops join Russian assaults ‘in significant numbers’ – Oil for Troops Trade
07:24 - Trump is a nightmare for the EU in more ways than one
10:41 - Gov. Newsom’s EV Mandate Set To Fail As Sales Lag, Power Shortages Persist
13:5 - Markets Update
18:21 - Texas Oil Company Asks Federal Court to Stop Insurance Companies' $250 Million Demand for Additional Collateral
23:15 - Outro
#Podcast