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Old 10-21-2014, 11:52 AM
 
334 posts, read 585,116 times
Reputation: 757

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The last bust was 20+ years. I do lose sleep! Midland was hurting, it was miserable. MISERABLE!
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Old 10-21-2014, 04:23 PM
 
3,028 posts, read 5,082,273 times
Reputation: 1910
Everything is lovely, stock market dow up 200 points, naz almost 100, we had the intraday near 10% correction, a few days ago, so the traders had their fun, now on to much higher markets, because the traders say so, for now.
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Old 11-28-2014, 12:29 PM
 
Location: Austin, Texas
1,985 posts, read 3,317,866 times
Reputation: 1705
WTI plunged to $67.75.

http://www.zerohedge.com/news/2014-1...time-june-2010

Oil Company Stocks Tumble, November 28 - Business Insider
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Old 11-28-2014, 05:39 PM
 
11 posts, read 41,815 times
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We're going to start seeing an exodus from West Texas once oil gets to $50 a barrel. And I don't see any indication of oil getting out of this range for the next year or so.
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Old 11-28-2014, 06:02 PM
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Location: Ohio
17,107 posts, read 38,101,062 times
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I heard a news guy in San Antonio say the other day that there are wells in the Eagle Ford play that would be profitable all the way down to $40/bbl.
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Old 11-28-2014, 08:16 PM
 
435 posts, read 453,598 times
Reputation: 1599
I work in oil in Midland and honestly don't care if it busts. I've already made a ton of money and this place is a barren dump of wasteland, so if the bottom falls out of the industry tomorrow, good riddance. Those of us who have been saving our money can move on to (literally) greener pastures. There's always opportunity somewhere.
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Old 11-28-2014, 09:23 PM
 
Location: South Texas
4,248 posts, read 4,159,642 times
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Quote:
Originally Posted by Granny Fats View Post
WTI is below $82/barrel.
NG is the future. There'll still be plenty of work in the oilfield, but the focus is shifting to gas production.

Gas wells have to be drilled, completed, fractured, flowed back, serviced, hooked into a separator process / compressor / pipeline.
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Old 11-28-2014, 09:28 PM
 
Location: South Texas
4,248 posts, read 4,159,642 times
Reputation: 6051
Quote:
Originally Posted by Bo View Post
I heard a news guy in San Antonio say the other day that there are wells in the Eagle Ford play that would be profitable all the way down to $40/bbl.
Fraced wells generally are unprofitable below about $70 per bbl. The exception to this is if the well also produces a lot of NG that can be sold.

Wells that don't require fracturing remain profitable at a lower price per bbl (than fraced wells), because they cost less to bring into production.
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Old 11-30-2014, 08:06 AM
 
5,760 posts, read 11,542,728 times
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Says the bottom starts falling out tomorrow morning.

Says NG price (and Gulf Coast NG Export Dreams) goes with it.

Shale Oil: U.S. Will See Major Drop in Activity: Verleger: Video - Bloomberg
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Old 11-30-2014, 08:49 AM
 
Location: Where I live.
9,191 posts, read 21,871,509 times
Reputation: 4934
Quote:
Originally Posted by Slowpoke_TX View Post
NG is the future. There'll still be plenty of work in the oilfield, but the focus is shifting to gas production.

Gas wells have to be drilled, completed, fractured, flowed back, serviced, hooked into a separator process / compressor / pipeline.
NG prices are so low now that it's barely worth the effort to get out of the ground for working interest holders.
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