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Oil slowly climbing.
#8163396
02/10/21 02:38 PM
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Joined: May 2006
Posts: 31,055
HWY_MAN
OP
THF Celebrity
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OP
THF Celebrity
Joined: May 2006
Posts: 31,055 |
Not making any big jumps but it's easing back up. Drilling is going about the same pace. Fracing has jumped quite a bit trying to catch up on wells drilled last year. See a bunch of seismic taking place nth of town.
Yes! A Weatherby does kill them deader.
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163405
02/10/21 02:40 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
I'm willing to pay my share.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163413
02/10/21 02:44 PM
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Joined: Aug 2016
Posts: 8,317
Herbie Hancock
THF Trophy Hunter
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THF Trophy Hunter
Joined: Aug 2016
Posts: 8,317 |
I'd rather see the slow rise up that we are than it rocket back up.
It takes beer to make thirst worthwhile - J. Fred Schmidt
The internet is an I.Q. Test, people post their scores in the comment section.
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163427
02/10/21 02:54 PM
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Joined: Feb 2010
Posts: 11,658
GusWayne
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Joined: Feb 2010
Posts: 11,658 |
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163430
02/10/21 02:56 PM
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Joined: Apr 2011
Posts: 29,034
Western
THF Celebrity
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THF Celebrity
Joined: Apr 2011
Posts: 29,034 |
Slowly rising because many hands are loosing their jobs? News said 30 cent increase at the pump since new admin.
If at first you dont succeed, then skydiving is not for you..
"Don't trust everything you read on the Internet"- Abraham Lincoln Dennis
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Re: Oil slowly climbing.
[Re: Western]
#8163541
02/10/21 03:49 PM
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Joined: Feb 2008
Posts: 14,143
glens
THF Celebrity
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Joined: Feb 2008
Posts: 14,143 |
Slowly rising because many hands are loosing their jobs? News said 30 cent increase at the pump since new admin. You ain't seen nuttin yet!
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Re: Oil slowly climbing.
[Re: glens]
#8163552
02/10/21 03:56 PM
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Joined: Apr 2011
Posts: 29,034
Western
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Joined: Apr 2011
Posts: 29,034 |
Slowly rising because many hands are loosing their jobs? News said 30 cent increase at the pump since new admin. You ain't seen nuttin yet! Yes sir, I think you're right and we have only seen the tip of the iceberg sts. Good thing all the hands that will lose jobs can switch right over to a green job! whew!
If at first you dont succeed, then skydiving is not for you..
"Don't trust everything you read on the Internet"- Abraham Lincoln Dennis
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163583
02/10/21 04:06 PM
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Joined: Jan 2011
Posts: 65,526
SnakeWrangler
THF Celebrity
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Joined: Jan 2011
Posts: 65,526 |
We’re busy....I’m on a 10/4 schedule and have had one day off in the last 25....
I believe in science and I’m an insufferable [censored] Actually, BBC is pretty damn good "You Cannot Simultaneously Be Politically Correct And Intellectually Honest!"
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163601
02/10/21 04:11 PM
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Joined: Apr 2011
Posts: 29,034
Western
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Joined: Apr 2011
Posts: 29,034 |
Snake, from what I understand, Texas and a few other areas are fine for now, anything on fed land/water is supposed to be ramped down. Not to mention the pipeline and all those workers and support apparatus. Someone will have to put out more oil to pay for Kerry"s jet
If at first you dont succeed, then skydiving is not for you..
"Don't trust everything you read on the Internet"- Abraham Lincoln Dennis
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163605
02/10/21 04:13 PM
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Joined: Nov 2017
Posts: 19,275
Biscuit
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Joined: Nov 2017
Posts: 19,275 |
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163705
02/10/21 05:03 PM
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Joined: Jan 2007
Posts: 15,502
reeltexan
THF Celebrity
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THF Celebrity
Joined: Jan 2007
Posts: 15,502 |
"If we ever forget that we are One Nation Under God, then we will be a nation gone under." Ronald Reagan
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163713
02/10/21 05:07 PM
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Joined: Feb 2010
Posts: 11,658
GusWayne
THF Celebrity
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THF Celebrity
Joined: Feb 2010
Posts: 11,658 |
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Re: Oil slowly climbing.
[Re: Western]
#8163721
02/10/21 05:11 PM
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Joined: Jan 2011
Posts: 65,526
SnakeWrangler
THF Celebrity
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Joined: Jan 2011
Posts: 65,526 |
Snake, from what I understand, Texas and a few other areas are fine for now, anything on fed land/water is supposed to be ramped down. Not to mention the pipeline and all those workers and support apparatus. Someone will have to put out more oil to pay for Kerry"s jet Which most likely will make us more busy...
I believe in science and I’m an insufferable [censored] Actually, BBC is pretty damn good "You Cannot Simultaneously Be Politically Correct And Intellectually Honest!"
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Re: Oil slowly climbing.
[Re: GusWayne]
#8163724
02/10/21 05:12 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
2.02 for real gas up here in Kingston.........was yesterday anyways.
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8163800
02/10/21 06:13 PM
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Joined: Apr 2008
Posts: 4,546
TPACK
Extreme Tracker
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Extreme Tracker
Joined: Apr 2008
Posts: 4,546 |
Here is the Rig count data for the last 6 months. It is up about 58% from the August 2020 low of 244. The manufacturing side of O&G is still really slow with a small increase of inbound/sales. I see companies using overtime to handle the increased sales instead of hiring new or calling back laid off employees for the foreseeable future . Covid is still keeping people at home, eating at home, working at home or not working at all which will keep oil inventories at a high level which I believe is the key factor in the price of oil and gas and the amount of Fracking and drilling.
Date Value February 05, 2021 / 392.00 January 29, 2021 / 384.00 January 22, 2021 / 378.00 January 15, 2021 / 373.00 January 08, 2021 / 360.00 December 31, 2020/ 351.00 December 23, 2020/ 348.00 December 18, 2020/ 346.00 December 11, 2020 / 338.00 December 04, 2020/ 323.00 November 25, 2020/ 320.00 November 20, 2020/ 310.00 November 13, 2020/ 312.00 November 06, 2020/ 300.00 October 30, 2020 / 296.00 October 23, 2020/ 287.00 October 16, 2020/ 282.00 October 09, 2020/ 269.00 October 02, 2020/ 266.00 September 25, 2020 / 261.00 September 18, 2020/ 255.00 September 11, 2020 / 254.00 September 04, 2020/ 256.00 August 28, 2020 254.00 August 21, 2020 254.00 Date Value August 14, 2020 244.00 August 07, 2020 247.00
Last edited by TPACK; 02/10/21 06:15 PM.
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Re: Oil slowly climbing.
[Re: Western]
#8164036
02/10/21 09:01 PM
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Joined: May 2011
Posts: 28,031
skinnerback
THF Celebrity Chef
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THF Celebrity Chef
Joined: May 2011
Posts: 28,031 |
Snake, from what I understand, Texas and a few other areas are fine for now, anything on fed land/water is supposed to be ramped down. Not to mention the pipeline and all those workers and support apparatus. Someone will have to put out more oil to pay for Kerry"s jet Yep. Deep water GOM is getting hurt again. Covid overreactions didn’t do enough damage to my industry, now we have biden/harris.
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Re: Oil slowly climbing.
[Re: bill oxner]
#8164207
02/10/21 10:54 PM
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Joined: Sep 2012
Posts: 15,976
Jimbo1
THF Celebrity
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THF Celebrity
Joined: Sep 2012
Posts: 15,976 |
I'm willing to pay my share. Sounds like lefty talk.
FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8165209
02/11/21 05:13 PM
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Joined: Dec 2004
Posts: 11,099
kwrhuntinglab
"The Guardian"
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"The Guardian"
Joined: Dec 2004
Posts: 11,099 |
We have seen an uptick in work for our tanks in the Delaware. A few guys have shut down in the New Mexico part, but we are still holding steady at around 70% utilization. Thank goodness.
Spend time with the ones you love. Time is not guaranteed.
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8165398
02/11/21 07:21 PM
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Joined: Apr 2013
Posts: 8,466
freerange
THF Trophy Hunter
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THF Trophy Hunter
Joined: Apr 2013
Posts: 8,466 |
Appreciate you posting this hwyman and others for commenting. I have recently acquired a small interest in the Permian Basin so I am curious whats going on but only partially informed.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR Keep your gratitude higher than your expectations. RWH
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Re: Oil slowly climbing.
[Re: HWY_MAN]
#8165495
02/11/21 08:30 PM
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Joined: Jan 2016
Posts: 618
Texasteach
Tracker
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Tracker
Joined: Jan 2016
Posts: 618 |
While Sleepy Joe's policies as a whole are a cancer to the Oil and Gas industries, his policies in the short term will inadvertently help the Permian Basin in Texas. With the increased regulation on Federal Lands (ie. Permits/Fracking) drilling will simply shift from the Federal Lands on the New Mexico side (Lea/Eddy Counties) to the privately owned lands on the Texas side.
You did what?
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