Practical Oilman
842 posts

Practical Oilman
@KennethShoretx
Oil Producer; Oil & Gas Lawyer
Texas, USA 参加日 Temmuz 2022
379 フォロー中884 フォロワー

@willrayvalentin If oil dropped to $80 now I would be devastated. I like $110 oil.
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@JavierBlas Oh yeah. They predict the future. I forgot that. And so did the guy who sold April futures 6 months ago.
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@KarrieandJake @MichaelAlbertMD People with 0 calcium scores can die of heart attacks.
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I have had high cholesterol and LDL for at least a decade. I have never treated it. The last two years I’ve been in and out of a Keto eating plan. Last Dec I had a Cleerly screening done (along with CAC). %100 clear, 0 CAC score. Cardiologists have no interest in me, and don’t worry about my numbers. We have however identified some DNA markers that show just that, I am not predisposed to plaque build up. I believe that is the real telling indicator. It’s not just blood/LDL numbers, patterns, size. It’s your DNA and what you may be prone to.
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@PermianPanhand1 You test permanent anchors on every job? Are you working for a major?
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@KennethShoretx Paying $1,500-$2k every workover to test anchors ads up. The last base beam I moved had racks for the BOPs and trash basket and a bunch of other shit and didn’t cost extra to move
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@JoshYoung @DagnyTaggart963 Just block morons. Don't respond. Not worth it.
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@DagnyTaggart963 I'm Jewish, I'm not Israeli, and this is wildly inappropriate
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@OilHeadlineNews It takes so much now to just stay in place that growth is behind us. It will take $80 to just maintain, and meaningful growth from here practically impossible.
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@farrmacro I could host a dinner in Longview, Texas and get better ideas.
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Every person at our dinner saw oil LOWER at year end ... range of $68-$90. 🤔🤔🤔
Richard Farr@farrmacro
We did an idea dinner in NYC last night. There were 9 long ideas and only 2 short ideas. Some people were very bullish on the outlook for a positive Iran resolution and believe that's coming any day now. Take with it what you will.
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@visionoilandgas Okay Josh, no name calling, no threats, I’m not short and have zero financial interest, so I’ll ask you straight up. Did your company make on average 200 bbls a day in December of 2025?
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@TheCalvinCooli1 That should be the rule at every decent restaurant
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🚨New: Ruth's Chris Steak House has a new dress code “business casual” for customers to wear proper attire with diners who don't comply being relegated to the bar.
“Kindly remove all hats when entering the restaurant. Guests wearing ball caps are asked to dine in the bar/lounge."
“The following attire is not permitted in our dining rooms: Gym wear, pool attire, tank tops, clothing with offensive graphics or language, revealing clothing, or exposed undergarments.”
How do you feel about this?

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@LonesoneJw @2020Upstream That not what that guy said. He said pressure depletes and gas comes out of solution when the wells are shut in. That's BS. No shit pressure depletes and gas comes out of solution when it produces and depletes.
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During active depletion/production in Middle East karstic carbonates: pressure falls below bubble point → dissolved gas comes out of solution and drives the oil. Once that solution gas depletes, the natural drive weakens. Classic solution-gas drive, exactly as originally stated.
On shut-in, in those dual-porosity karst/fracture systems it takes real time — sometimes days — for pressure to build back up and the well to produce again. The tight matrix slowly feeds the vugs/fractures. That’s why production doesn’t snap back immediately.
Your East Texas Pettit oolitic shoals are high uniform matrix porosity, low karst, matrix-dominated — completely different geology from the heavily karstified Middle East giants (Ghawar-type reservoirs, Arab-D, etc.). No contradiction at all.
Not bullshit. Just two different carbonate systems.
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@LonesoneJw @2020Upstream So you're saying when you shut in a carbonate reservoir pressure drops and gas come out of solution? Bullshit. I have produced Pettit carbonates in East Texas, and they do not have big vugs, but they are pretty high porosity, and they didnt do that.
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Of course it does. In many karstic dolomite and carbonate reservoirs, including parts of the Middle East and the Permian, production commonly depends on natural reservoir energy such as solution-gas drive; as pressure declines and gas is depleted, that drive weakens. Carbonate fields are especially heterogeneous because flow often occurs through a mix of matrix porosity, fractures, and vuggy or karst-related openings, so once pressure support falls off, fluids do not always redistribute quickly or evenly. My wells in Kentucky are in similar reservoirs, and when they are shut in, it can take time for oil and formation water to migrate back into those vugs, fractures, and connected openings before the wells stabilize again. That delayed response is consistent with how vuggy carbonate reservoirs often behave under depletion.
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@KobeissiLetter Most people i know were broke and this may save them from BK.
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This is absolutely insane:
Prior to the Iran war, US oil companies were generating ~$62 billion in annual free cash flow with oil prices at $55/barrel.
Now, with oil prices at $100/barrel, US oil companies are expected to generate $163 billion in annual free cash flow, if current prices are sustained.
In other words, US oil giants are set to rake in an additional +$100 BILLION in free cash flow per year if oil prices remain elevated.
We are arguably witnessing the most profitable market conditions in history for US big oil.
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@zenartbjj You know the pumper will leave it idling and he needs to be able to pull a decent sized trailer - pipe trailer, utility trailer
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