An OPEC/non-OPEC monitoring committee late last month said in a statement it was concerned that rising inventories and "looming macro-economic uncertainties ... may require changing course." The committee is scheduled to meet Sunday in Abu Dhabi to assess market conditions and determine next steps. The next full OPEC meeting, when any policy change would be decided, is December 6 in Vienna. https://www.spglobal.com/platts/en/market-insights/latest-news/oil/110718-saudi-arabia-uae-set-all-time-crude-output-highs-as-opec-oct-total-dips-to-3304-mil-b-d-platts-opec-survey
https://oilprice.com/Energy/Energy-General/Venezuelas-Glaring-Gasoline-Crisis.html
A relatively shallow data set suggests DTU is the badgers tadgers, but it isn't enough to encourage the biggies to use DTU on their wells, those wells represent a substantial capital investment/revenue stream, they need a bit more data, or an incentive/cost share, that's where our Nitrogen resource comes in!
OneStraightGuy, has the Nitrogen play really taken 'so long'? Exploration of Nitrogen Reserves for DT Ultravert RNS was released on the 31st of May18, it's moved on at a fair old lick since then, it may explain the feverish effort to drag the SP down, ready for the next load-up!
Diane, we don't need dilutive funding for WD you delusional Berk, it's a farm out with carried interest!
Ooh, just look at that graph! https://ycharts.com/indicators/us_producer_price_index_industrial_gas_manufacturing_nitrogen_yearly
Afternoon D14MOND, did you take yesterday off, or were you too busy having fun, delivering arbitrary scary bulls hit predictions to any trick or treaters who happened to knock on your door? 1st day of Iran sanctions today, and winter yet to kick-in in the west!
EP90, cheerio then, best of luck!
The county has cleared the land for all uses: Both the Environmental Protection Agency and the Colorado Department of Public Health and Environment say tests of the air, water and soil showed “an extremely small” increased risk for cancer, and the agencies declared the land safe for unlimited use by workers and visitors.
Highlands Natural Plutonium, our next division,lol
https://oilprice.com/Energy/Natural-Gas/Cold-Snap-Could-Send-Natural-Gas-To-5.html
Eringael, yup, that's about the size of it!
So applying logic to your hypothesis, we would have a situation where HNR knew they would need to raise additional funds in 18, irrespective of ED revenue and all its dubious hypoglycemic mathematical whimsy. So instead of raising at a higher price, they wait until they are virtually bankrupt and dilute in single figures. Or perhaps they don't need to raise before ED revenue, or perhaps HNR are close to news elsewhere, that would have a positive effect on SP, enabling a raise at a higher price? One of those scenarios looks completely batshit crazy, doesn't it?
ED revenue was delayed because of a drought, it would be pretty delusional, even by your standards, to claim you predicted that, but then again, maybe not!
I wonder how proposition 112 would affect Re-fracking?
Shale wells generally have explosive growth in the first few months before rapidly declining, making for production profiles very different from those of large offshore discoveries or conventional reservoirs such as in the Middle East. More and more wells will be needed. Standard Chartered Plc has dubbed the situation the “Red Queen” problem, a reference to the character in Lewis Carroll’s Through the Looking-Glass who tells Alice “it takes all the running you can do, to keep in the same place.” Furthermore, oilfield service giant Schlumberger Ltd. is warning that increased drilling intensity runs the risk of wells being laid too close to one another, causing them to lose pressure and to flow more slowly. The solution is to space them farther apart, but that leaves behind precious crude in the rock. Operators will have to spend more than $300 billion in the next five years to meet the industry’s goal of boosting the Permian’s production by half, according to Arthur D. Little, a Boston-based consulting firm.
The thing is, the tipping point, it seems to have been about the cost of Nitrogen..... Just imagine what could happen if we found an absolute gushload of the stuff, pure as your Nana's dreams and cheap as chips, just to get the show started. Tear those decline curves up Schlumberger and Halliburton, because there's more oil and gas under your footootsies, just waiting to come out!
https://oilprice.com/Energy/Crude-Oil/Why-US-Shale-May-Fall-Short-Of-Expectations.html