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Joined: Jan 2015
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On the other hand, the Texas Permian Basin Sprayberry/Wolfcamp production lifting costs are around $8-9 bucks a barrel and those old wells hold “HBP” acreage millions of acres so no lease acquisition costs - We have advanced technology that allows us to drill multiple wells with one a rig on one pad site.
This thing is not over - you know all this stuff but others might be interested.
Yes, I am very familiar with this stuff - I was Division Geophysicist for a Major Oil Company in Midland at one time and assignment in many of the other Oil Provinces.
It ain’t over ‘til it’s over.
Cheers,
George
Thank goodness for Dennis Phelps, Henry Oil, Slick water frack, the Sprayberry, Upper/Middle/Lower Wolfcamp the Cline, Horizontal Drilling, etal.  http://www.texasmonthly.com/story/’s-oil-folksLance
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Joined: Sep 2014
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Joined: Sep 2014
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George, I learned about hunting quail hunting when I moved to Snyder and then moving to Midland, where I started hunting with dogs. I learned how to train pointers and retrievers there. I loved that time in my life hunting Bobs and Blues over English Pointers. I was twice offered $3,500.00 for one of the dogs I trained. That was a lot of money back then. But I would not have taken $35,000.00 for her. It is said you will only have one good quail dog out of 50 trained. Ha, so true. I also trained a retriever that was half lab and half Golden, and she would get anything u would shoot. Squirrels to Pheasants to Quail. Oh , the hunting stories I could tell of bird hunting. Hunting all over Texas and Oklahoma for Quail. I have thought of training dogs again, but I would have trouble walking all those miles in the thorns and terrain, it kinda of sucks growing older and not being able to walk 6 + miles per day hunting behind good Quail Dogs. George, thanks for reminding me of the memories with the Blues and Bob's Tracy
Last edited by TGW1; 05/14/15 07:43 AM. Reason: wor additions
Do not judge me by the politicians in my City, State or Federal Government.
Tracy
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Tracy, you also brought back a lot of memories ..due to my responsibility of supervising seismic crews I knew a number of ranchers....hunting privaledges galore - most would just say - "don't shoot my house birds"...  George
N.E. Texas 2 acre and 1/4 acre ponds
Original george #173 (22 June 2002)
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Joined: Sep 2003
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Moderator Ambassador Field Correspondent Hall of Fame 2014  Lunker
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I have an office up in Alberta, Canada.
They had an awesome year in 2014.
This year......it's come to a grinding halt. Little to no revenue.
Sad thing about most folks up there that make big bucks in the oil fields....they don't have a pot to piss in at the end of the day. When it's booming, each guy must have several trucks/cars, dirt bikes, quads, RV's, 5th Wheels, and snow mobiles, ALL ON CREDIT.
When it goes bust, bankruptcy is just around the corner for these folks.
On Rt. 2, near Red Deer, between Calgary and Edmonton, you'd be shocked at the number of huge RV sales operations.
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Joined: Jan 2006
Posts: 16,049 Likes: 276
Moderator Lunker
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About like West Texas. Lots of $70,000 pickups being hidden from the repo guy.
It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.
Without a sense of urgency, Nothing ever gets done.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
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Joined: Aug 2014
Posts: 1,381 Likes: 46
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Joined: Aug 2014
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Tracy, you are correct - mostly…..  The “middle easterners” have “lifting cost”, or as others call “production cost of somewhere around $5 bucks a barrel. Athabasca Canadian Oil Sands are so high cost per barrrel as well as N.D Bakken shale companies, they cannot compete. On the other hand, the Texas Permian Basin Sprayberry/Wolfcamp production lifting costs are around $8-9 bucks a barrel and those old wells hold “HBP” acreage millions of acres so no lease acquisition costs - We have advanced technology that allows us to drill multiple wells with one a rig on one pad site. This thing is not over - you know all this stuff but others might be interested. Yes, I am very familiar with this stuff - I was Division Geophysicist for a Major Oil Company in Midland at one time and assignment in many of the other Oil Provinces. It ain’t over ‘til it’s over.Cheers, George George I have been following this "oil thing" pretty closely but I am not educataed on the subject like you are. Are you saying we may be able to compete with them and they can't completely run us out?
Last edited by wbuffetjr; 05/14/15 09:10 PM.
Keep This Forum Viable, Read Pond Boss Magazine -
America's Journal of Pond Management
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Joined: Jun 2007
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wbuff,
I can only give you my opinion, but I have been in this business for a long time.
Don’t hold me to my dates - fuzzy brain -…
Early 1970’s I attended a macro economics course by a SMU prof who later became Under Secretatery of Energy.
Oil was about $6/barrel IIRC, and he predicted the Saudis would drop the price of oil and put the US O&G industry out of business - they did and imposed THE embargo that was the predecessor of OPEC.
This is the third time, if memory serves me correctly, that we have become a threat due to our advanced O&G recovery technology.
They lead in “lifting costs, but we lead in technology.
But here is where it gets cmplicated, geopolitics rears it’s ugly head and we can’t go there,but you see that it complicates who controls the market.
Many professionals including myself, believe Permian Basin of Texas has more unrecovered hydrocarbons than Saudi Arabia, but Iran is their strongest competitor, if you see where I am going with this.
Hope this helps,
George
N.E. Texas 2 acre and 1/4 acre ponds
Original george #173 (22 June 2002)
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Joined: Sep 2014
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Joined: Sep 2014
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George, I have been in the oil and Gas business going on 40 yr's. And like you I experienced all of the problems we have had with the Middle East. For those that don't remember, they actually did an embargo against us and gas lines went for blocks trying to get gasoline for the family cars. We geared up here and they then shut us down with dropping oil prices and the North American oil industry collapsed, that was in the mid 1980's. it has taken us 30 years to get back to where we were 6 months ago and Again the Middle East or Opec flooded the market and again has attack our Oil and Gas industry. These are the same people that snubbed the President this week and the same ones who will not stop to get the Bomb and have said they will End America. So when are we going to get off their game and Run our game. I know for a fact, that the majority of Oil and Gas Companies are not greedy and they don't like being put in that category. Like many companies they want to make a profit and supply jobs. Just like alot of here in America.
Maybe I should just talk ponds and fish.
Tracy
Do not judge me by the politicians in my City, State or Federal Government.
Tracy
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Joined: Dec 2009
Posts: 6,692
Hall of Fame 2015 Lunker
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Regular gas was over $3.00 per gallon this summer. Today, $1.88 and dropping.
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Joined: Oct 2014
Posts: 6,080 Likes: 1
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Joined: Oct 2014
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I noticed $1.99 here today.
![[Linked Image]](http://forums.pondboss.com/ubbthreads.php?ubb=download&Number=11852&filename=I_subscribe_zps2qlyoyn2.gif) Be Brave Enough to Suck at Something New!
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Joined: Apr 2002
Posts: 15,139 Likes: 488
Moderator
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Field Correspondent Lunker
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I bought some for $1.76. It is probably too low for an overall healthy small gas production competition.
aka Pond Doctor & Dr. Perca Read Pond Boss Magazine -
America's Journal of Pond Management
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Joined: Jan 2006
Posts: 16,049 Likes: 276
Moderator Lunker
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I paid $1.57 South of Dallas(Terrell) yesterday.
It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.
Without a sense of urgency, Nothing ever gets done.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
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Joined: Dec 2009
Posts: 6,692
Hall of Fame 2015 Lunker
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Hall of Fame 2015 Lunker
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Joined: Aug 2002
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Hall of Fame Lunker
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UPS is still raising their rates "due to increased fuel costs." And they sent me a bill for $1.51 saying my standard 26 X 10 X 10 box was an inch larger than 10 inches. Sure it was...
Saw gas the other day for $1.67.
Sure wish they'd get some serious competition instead of gouging small business owners.
Last edited by Cecil Baird1; 11/21/15 08:29 PM.
If pigs could fly bacon would be harder to come by and there would be a lot of damaged trees.
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Joined: Apr 2013
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UPS is still raising their rates "due to increased fuel costs." And they sent me a bill for $1.51 saying my standard 26 X 10 X 10 box was an inch larger than 10 inches. Sure it was...
Saw gas the other day for $1.67.
Sure wish they'd get some serious competition instead of gouging small business owners. That stinks. UPS, FedEx, and other large consumers of gas generally contract their gas months ahead so they can keep rates relatively stable and avoid losing money if gas spikes up. Good plan if gas prices are expected to climb but not so good in prices fall like they are now.
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Joined: Dec 2009
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Hall of Fame 2015 Lunker
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Hall of Fame 2015 Lunker
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Joined: Aug 2014
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Joined: Aug 2014
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Wow! It's still $1.75 around here. And to think its refined down south and gas is cheaper up north..... Just saying
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Moderator Ambassador Field Correspondent Lunker
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Indiana better get with the program then. Diesel is still around $2/gallon and gas is still $1.59/$1.69.
With oil as low as it is, I'd have to moderate myself if I say any more.....
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Joined: Jun 2008
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Ambassador Lunker
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I believe that .77 gas is a one off deal, not a general trend.
"Forget pounds and ounces, I'm figuring displacement!"
If we accept that: MBG(+)FGSF(=)HBG(F1)
And we surmise that: BG(>)HBG(F1) while GSF(<)HBG(F1)
Would it hold true that: HBG(F1)(+)AM500(x)q.d.(=)1.5lbGRWT?
PB answer: It depends.
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But, but, UPS is still charging fuel surcharges!
Must be nice to be one of only two major domestic shippers in the country that can charge whatever they want. The post office doesn't count as they are hamstringed by congress.
I gave a rep of UPS an earful the other day. Boy girl had a bad day. They charged me $14.00 pick up fee for a shipment that only cost $20.00! And to top it off they were frozen fish that sat at that notorius Chicago hub for two days!
Fortunately they were well insulated and it was cold from here to North Dakota.
Gonna invest in a dry ice machine. The nearest dry ice is 4O miles away.
Last edited by Cecil Baird1; 01/18/16 12:24 PM.
If pigs could fly bacon would be harder to come by and there would be a lot of damaged trees.
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I paid $1.85 for Diesel a couple of weeks back in SE Texas (Polk Cty.)...as far as the fuel surcharges go, companies are not giving that back....it's a hard thing to swallow sometimes...
...when in doubt...set the hook...
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Joined: Aug 2002
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Hall of Fame Lunker
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If pigs could fly bacon would be harder to come by and there would be a lot of damaged trees.
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Joined: Aug 2014
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...too much more of this, and the last one to leave Houston, will have to turn off the lights. I've seen it bad in 1986, but I never thought we'd see this kind of dilemma in our industry again. In '86 the price of oil went from $30 - down to $9/bbl. down 70% in value. Now, we see the price of oil at $110 and dip down below $30/bbl. last week. 
...when in doubt...set the hook...
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Joined: Jan 2006
Posts: 16,049 Likes: 276
Moderator Lunker
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It feels good at the pump. But the layoffs really hurt.
It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.
Without a sense of urgency, Nothing ever gets done.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
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Joined: Aug 2002
Posts: 20,043 Likes: 1
Hall of Fame Lunker
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So true Dave. Hate to see anybody out of work.
What happens when Iran goes full bore?
If pigs could fly bacon would be harder to come by and there would be a lot of damaged trees.
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