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Dec 30th, 2023
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 Re: New oil wells in the Permian Basin
[Re: Dognot]
#12613323
02/06/18 03:27 PM
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Joined: Jan 2005
Posts: 16,938
Pat Goff
TFF Guru
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TFF Guru
Joined: Jan 2005
Posts: 16,938 |
HAHAHAHAHA
Butch you must be the most un humor human on the planet.
Pat Goff Seadrift TX ![[Linked Image]](https://i.ibb.co/X48Kbbq/scooter-shallow.jpg)
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Re: New oil wells in the Permian Basin
[Re: Pat Goff]
#12613565
02/06/18 05:43 PM
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Joined: Mar 2005
Posts: 41,400
butch sanders
TFF Guru
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TFF Guru
Joined: Mar 2005
Posts: 41,400 |
HAHAHAHAHA
Butch you must be the most un humor human on the planet.
nah i don't like a - holes though thats not directed at you
Last edited by butch sanders; 02/06/18 05:44 PM.
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Re: New oil wells in the Permian Basin
[Re: Dognot]
#12613851
02/06/18 08:27 PM
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Joined: Jan 2005
Posts: 16,938
Pat Goff
TFF Guru
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TFF Guru
Joined: Jan 2005
Posts: 16,938 |
Why not?
Now Im feeling left out. I must be a victim of something wheres my play dough and safe place?
Pat Goff Seadrift TX
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Re: New oil wells in the Permian Basin
[Re: COFF]
#12614144
02/06/18 11:01 PM
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Joined: Jul 2005
Posts: 4,611
Chad Miller
TFF Team Angler
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TFF Team Angler
Joined: Jul 2005
Posts: 4,611 |
How many rigs would be required to drill 110,000 holes in the next 4 years? The numbers either indicate a huge record number of rigs or a wild prediction. How long does it take a frac rig to drill and move to a new site? If they only grew to the record number in 2014 each rig would have to drill 73 wells in the next 48 months or 4 years assuming few meant 2 to 4 years.
Time to invest in companies involved in the permian basin.
I would think a builder could make a mint out there too.
Wild prediction. The fastest rigs are drilling roughly 25 wells per year. There are 400-some odd rigs in the Permian now. That prediction assumes that the number of rigs will more than double in very short order. Realistically, this is impossible. Manpower, trucks, cement, water, sand for fracking... all are in short supply as things currently sit. Companies are ramping back up, but no way will we be able to double up any time soon. My contact in procurement for Parsley is stating that they (Parsley) are preparing for 100 new additional rigs to be operating in the PB for 2018 across the board. Not them, per say, but for all operators.
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Re: New oil wells in the Permian Basin
[Re: Dognot]
#12614469
02/07/18 02:04 AM
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Joined: Jan 2005
Posts: 16,938
Pat Goff
TFF Guru
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TFF Guru
Joined: Jan 2005
Posts: 16,938 |
They are already suffering a serious shortage of diesel fuel, they've tapped out Alon in big springs, and the Magellen rack is now a six hour wait. Anyone who can rail deliver diesel can be a millionaire in a short time. As the permian shifts to multi well zipper fracs, it's getting more and more critical, typical 5 well zipper frac is using 10,000 gallons of diesel a day. And typically on location for thirty days. That's a lot of fuel. 5 well zipper frac crew from standing on the sand king. 
Pat Goff Seadrift TX
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Re: New oil wells in the Permian Basin
[Re: Dognot]
#12614481
02/07/18 02:17 AM
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Joined: Mar 2005
Posts: 41,400
butch sanders
TFF Guru
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TFF Guru
Joined: Mar 2005
Posts: 41,400 |
so
are they making the same amount of fuel
that it takes to drill this?
where does all
the water come from?
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Re: New oil wells in the Permian Basin
[Re: Dognot]
#12614491
02/07/18 02:23 AM
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Joined: Jul 2015
Posts: 19,768
Bee'z
honey boo boo
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honey boo boo
Joined: Jul 2015
Posts: 19,768 |
I thought you said it all came out of lake Arlington?
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Re: New oil wells in the Permian Basin
[Re: Bee'z]
#12614492
02/07/18 02:24 AM
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Joined: Mar 2005
Posts: 41,400
butch sanders
TFF Guru
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TFF Guru
Joined: Mar 2005
Posts: 41,400 |
I thought you said it all came out of lake Arlington? they are draining the lake around here
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Re: New oil wells in the Permian Basin
[Re: Pat Goff]
#12614494
02/07/18 02:24 AM
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Joined: Nov 2008
Posts: 25,752
elcoyote, esq.
TFF Guru
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TFF Guru
Joined: Nov 2008
Posts: 25,752 |
They are already suffering a serious shortage of diesel fuel, they've tapped out Alon in big springs, and the Magellen rack is now a six hour wait. Anyone who can rail deliver diesel can be a millionaire in a short time. As the permian shifts to multi well zipper fracs, it's getting more and more critical, typical 5 well zipper frac is using 10,000 gallons of diesel a day. And typically on location for thirty days. That's a lot of fuel. 5 well zipper frac crew from standing on the sand king. Ive been seeing a bunch of those trucks, and the ines hauling the huge spoils of pipe, go past the house lately, I suppose heading out to Gonzales, Cuero, etc. good to see the oilfield guys getting busy again
Team wolfs I had to perform. It took a minute to get it all in my mouth and another five to swallow it all.
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Re: New oil wells in the Permian Basin
[Re: Dognot]
#12614513
02/07/18 02:33 AM
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Joined: Jan 2010
Posts: 6,719
Dognot
OP
TFF Celebrity
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OP
TFF Celebrity
Joined: Jan 2010
Posts: 6,719 |
I worked in Mentone and Red hills today, You cant believe the big truck traffic there.
Sometimes what didn't work out for you, did in fact, work out for you.
Haters going to hate and believers are going to believe.
Every man has two lives,The second one starts when he realizes that he has only one.
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.”
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Re: New oil wells in the Permian Basin
[Re: butch sanders]
#12614520
02/07/18 02:36 AM
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Joined: Jul 2015
Posts: 19,768
Bee'z
honey boo boo
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honey boo boo
Joined: Jul 2015
Posts: 19,768 |
I thought you said it all came out of lake Arlington? they are draining the lake around here Who is they?
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Re: New oil wells in the Permian Basin
[Re: Pat Goff]
#12614531
02/07/18 02:41 AM
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Joined: Jan 2010
Posts: 6,719
Dognot
OP
TFF Celebrity
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OP
TFF Celebrity
Joined: Jan 2010
Posts: 6,719 |
Yes.
Anything that is used off road.
Now nobody can just wander up to a dyed pump and have at it.
You have to either file a letter of intent if you use less than 10,000 Gallegos name of dyed fuel. A month or be bonded if you exceed that amount. If youre bonded you have to account exactly what it went into.
Thats the state.
The rebates are for very specific use like the work over rigs.
Now the IRS will rebate taxed fuel used in off road use.
M
Both will rebate fuel tax on gasoline used off road like your boat.
Sorry to get geeky on this but I swim in that ocean every day. If they save .43 cents a gallon and burn about 10,000 gallons a day , that's about 4300 dollars a day on the tax savings, Multiply times 30 and you can do the math. about 130,000 a month on a frac job. Is this about right Pat?
Sometimes what didn't work out for you, did in fact, work out for you.
Haters going to hate and believers are going to believe.
Every man has two lives,The second one starts when he realizes that he has only one.
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.”
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Re: New oil wells in the Permian Basin
[Re: Dognot]
#12614632
02/07/18 03:20 AM
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Joined: Jan 2005
Posts: 16,938
Pat Goff
TFF Guru
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TFF Guru
Joined: Jan 2005
Posts: 16,938 |
That is correct.
Several reasons diesel is artificially high right now.
Foremost is refining capacity. EPA has finally approved 25 year old permits to expand current refineries.
Just as important Mexico is now allowing imports of diesel into northern states. We are exporting hundreds of millions gallons because the Pemex product is so bad.
And retail price is whacked out right now. Street price on diesel is about .65 over rack cost.
Pat Goff Seadrift TX
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Re: New oil wells in the Permian Basin
[Re: Dognot]
#12616933
02/08/18 04:09 PM
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Joined: Sep 2003
Posts: 18,070
Icepick
TFF Guru
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TFF Guru
Joined: Sep 2003
Posts: 18,070 |
I've been watching the stock market a little more closely this week and noticed that even though the Dow is going up and down WTI barrel prices keep dropping. Any chance it drops enough to delay the wells?
This thread needs more cowbell ... ![[Linked Image]](http://gryphonfootball.files.wordpress.com/2012/06/th_more_cowbell.gif)
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Re: New oil wells in the Permian Basin
[Re: Icepick]
#12617008
02/08/18 04:50 PM
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Joined: Aug 2006
Posts: 18,115
COFF
TFF Guru
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TFF Guru
Joined: Aug 2006
Posts: 18,115 |
I've been watching the stock market a little more closely this week and noticed that even though the Dow is going up and down WTI barrel prices keep dropping. Any chance it drops enough to delay the wells? Doubt it. There was a sense of stability that came when prices leveled and stayed over $60. $65+ was just gravy for as long as it lasted. I would bet that most operators are hedged somewhere in the mid to high 50's. That said, if it does another plummet to $25 then all bets are off.
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