Most frac guys we work for are trying to survive with oil at 70

prices are still regulated by how much demand on refineries for fuel and how much supply they get from WTI, other US oil fields and Arab countries its still supply and demand. A tariff on foreign oil makes demand here go up immediately and jobs high paying jobs get hired almost immediately gas prices go up in the beginning but goes way down in the end. You could do some combination of the two.
We should be looking for alternatives for fossil fuel in the mean time to offset the arab countries.
We have things we can do but you also have to factor in world wide economies and what it does for world peace. Trump can bring energy prices down that's not hard its doing it without starting another war. Get rid of half of the EPA regulations, building new refineries, if nuclear really is safe build some new power plants this all bring growth to our economy and new jobs. The green energy woke politics have destroyed our country we need to come home with our money and take care of us. stop the illegals and ship home all who have come across in last 4 years.
with new technologies lifting cost is way down for the most part even here. shell is more cost but when they flow for 6-8 months most of these wells pay themselves off and some sooner.

I don't think you are going to see a massive swing in activity for a while. Oil and gas operators (those are the ones who own the wells and actually produce crude) have greatly tempered their activities when responding to market shifts. There has been so much consolidation in the past 3-4 years that there are very few of the small, agile "wildcatters" still left in the business. Those are the ones that added the most rigs chasing crude prices. My prediction is that the rig count will increase somewhere between 5 and 10% over the next 6 months. The increased production will actually drive oil prices down, but the activity level will continue the slow growth.

What this means for stocks - operators will see a short-term spike based on the speculation, and as they make public announcements of drilling plans. Service companies (Halliburton, SLB, Baker Hughes, Liberty, etc.) will get a bump in the quarter after the operators make their announcements.

Yes I have seen the same. I’m on the land side of the biz.

that has more to do with confidence in the government shutting them down so they don't drill so no fracking needed. The producers believing Trump will open up markets to them and keep things going for next four years has already gotten engineers drawing up new well sites and drilling plans as we write this post. They have to get drilling rigs out of mothball and new hands hired and trained. This will take 4-6 months to start bringing oil out. oil markets are as much about what they see as the futures as today's price. Oil companies do nothing on today's prices they do everything on future prices and demand. The economy gets to rolling and demand goes up get rid of some of the more useless regulations and lifting cost comes down. The lifting cost for most of this country is 45-55 a barrel so 70 even less can make money if they have a 8-10 month business plan

Remember that stance. I think oil will not do much because of who is president.
Its not the government they fear, its the market.

I'm not sure that is an accurate estimate for lifting costs anymore. Granted I am a little removed from the operator side of the business, but the cost of services has increased so much over the past 4 years that I find it difficult to believe lifting costs have remained static.

The drilling + completion cost for a new shale well is now over $11 million. In 2019 that cost was between $2.5 and 3 million. Steel prices are up around 80% since then, and regulatory requirements have more than doubled the cost of production facilities.

Nuke is safe. About 4 more facilities in Texas would fix alot of problems. Maybe Trump will let it happen [/quote]

i am trying to come up with a plan to install small nuclear generators at data centers & bit coin plants [/quote]

https://www.nuscalepower.com/en[/quote]

absolutely
this company was what i touted in the TFF stock market thread
they are killing it

i am trying to come up with a plan to install small nuclear generators at data centers & bit coin plants [/quote]

https://www.nuscalepower.com/en[/quote]

absolutely
this company was what i touted in the TFF stock market thread
they are killing it [/quote]

We could use more than 4 and if smaller nuclear plants become a thing we would need 50 or more.
The two that operate in Texas now have a combined output capacity of 5.3k MW. Four more and we'd have about 16k MW.
In comparison, NG has a capacity of over 68k MW. Wind and solar, 65k MW.

True you may be right I haven't looked in a few years but it also has more to do with the production flowing especially in the beginning and how long it takes to pay well off.
the actually pumping and electric cost is a small part of it. The shell play is so costly because of the directionally drilling for miles on lateral lines.
but even if it is and the well flows in @ just a 1000 BPD on one of those shell wells that is still only a 200 day payout at 55 dollars per barrel lifting cost. They will drill at that if they think Trump will take care of them for the next 3-4 years. They will have a few years of good profits after the 200 days. Yes the flow will fall off but its all gravy after being paid off. Alot of those wells in ND came on at well over 1500 per day to some in the 6000 BPD range. The south TX stuff wasnt quit that good but they still came on and lasted for a good long time to pay out

absolutely
this company was what i touted in the TFF stock market thread
they are killing it [/quote]

We could use more than 4 and if smaller nuclear plants become a thing we would need 50 or more.
The two that operate in Texas now have a combined output capacity of 5.3k MW. Four more and we'd have about 16k MW.
In comparison, NG has a capacity of over 68k MW. Wind and solar, 65k MW.
[/quote]

I wonder how much TX lost in power by shutting down the three over at Monticello,

and they should be put in jail for destroying a really good bass fishing lake. LOL

We are talking nuclear and you are talking coal. Its not coming back.
The decision to shut it down was the power company. Due to regulations, sure.

need more refining

epa has us handcuffed

reading comprehension lol

you were talking about how much TEXAS needs. I was only pointing out they shut down three big ones and never replaced them with other power plants to off set loss of available power nothing more and I didn't say anything about what kind of power. good gosh ally