EFT Bot's Dad

@GreyHairOpsGuy lol even guys like Chuck who are on the outside and have “seen the light” can’t have self-awareness (or at least admit) the incentive mismatch. You can simultaneously hold the view that “those operators would’ve had no $$ to spend without me” and “yeah, my job is a grift”.

I’d like to see Bill Paxton (RIP) in “Twister” trying to negotiate a lease out here, and I’d ask him which activity he finds more dangerous. Tornadoes don’t demand compensatory royalties.

there is only one part of the plains I can’t stop chasing and it is this area (harder than tornado-chasing let me tell you)

Interviewed at an E&P for an IR role. Round 4: “You have 19 remaining real locations, 78 ‘adjusted’ locations, 265 marketing locations, and 18 years of inventory according to a slide no engineer has signed off on. Build a growth case without technically lying.” They offered me a reserve report. Trap. I opened PowerPoint, duplicated the acreage map, added three new colors, renamed “fringe” to “emerging core,” and moved parent-child interference into the appendix. “Certainty?” “Depends whether the investors read footnote 11.” They said I had VP potential.

“Dad, where did I come from?” “So, there was a possibility that you were going to be one inch taller and <1% smarter (the jury’s still out on that), and that’s why we decided to choose to have you over your unborn siblings. It was a tough call. Congrats bud.”

Respect the sentiment here, as a member of a volatile industry that always needs to protect existential risk (and will never get bailed out). But for major airlines you have the government bailout put. Prob just need to exhibit a modicum of prudence to be tagged as a “good” one.

Congratulations to @SecretaryWright for discovering he still has at least half of one testicle remaining somewhere in there…

Lol Back then I was running a PE-backed O&G co… and now running a newer P&E-backed O&G co. I use AI a little more productively than I used to, but just asset management. In the depths of April 2020 I stumbled across both EFT and a blog post explaining how you could train a chat bot on something called GPT-2. We had stacked our rigs and I had done some coding in the past, so nothing better to do but find a way to laugh about it. Back then (when OpenAI was actually “open”) you could also “own” your own instance of the GPT model and run it locally (in this case on my own cloud account), so you could make it very specific via mass training, given how rudimentary it all was at the time. Once they came out with GPT-3 and beyond and started blocking access to the backend customization and it became more of a “chat bot”, I dropped it. Plus had actual work to do by then. Nowadays you could probably feed one of the new-fangled ones a few dozen banger tweets and it could do a pretty good approximation. @effgpt2 was eating thousands of tweets per month to get to his level Using Claude, could probably stand up an agent to replicate him in an afternoon, but that feels to do to my boy.

@EftBotDad 2021/2022 time frame….you were ahead of the pack…..where are you now @EftBotDad are you having fun? Are you our puppet master? Are you personally capitalizing on AI?

I had completely forgotten this one. A classic. Glad to see the GPT2 boy being remembered. He was so far ahead of his time.

@Jaded_PDP_HTX @oilmutt Yeah…I guess we agree it is at least 50% which is main pt. Was also thinking NTM PDP given strip. Have seen & been in some where it is more front-weighted rather than a flat 50% across 2 yrs… 75% 1-12 / 50% 13-24 (perhaps in acq), or even 60% 1-12 / 30% 13-24 (blended ~50%)

@EftBotDad @oilmutt Rolling 24 month, 50% of PDP is currently market. Some exceptions: such as leveraging ~1.5x EBITDA on an acquisition and/or >50% of purchase price… then there might be a condition precedent to close at a >50%PDP longer & than 2-years. But after that it’s back to 24 month, 50%

Mach Resources, $MNR has roughly half their oil production hedged at sub $70 a barrel. I’d be sick right now. Love some of their buys as of late in Westbrook and others but damn those hedges suck. Looks like full on infrastructure attacks now coming in Middle East

@atherton_chris Yeah he was just trained to scrape tweets from who it followed (the old EFT crowd) once every couple weeks and train a GPT-2 instance on them hosted on Google Cloud. Told it to prompt 20 tweets a day in the same style/content as its follows. This was a good one.

@EftBotDad Was the Russian Roulette quote generated / learned from the EFT banter of the time?

@Jaded_PDP_HTX @oilmutt Really? I would say that is market for most commercial banks of scale that are lending 60%+ LTV. For smaller facilities wouldn’t necessarily expect it.

@EftBotDad @oilmutt I have not seen a RBL have >50% rolling hedge requirement.

BREAKING: Myself reportedly briefed that the people selling this oil futures market are probably gay.

The words “massive flexibility” and an honest assessment of the pre-Iran reality of the world’s global oil exploration, production, refining, transportation, and consumption picture do not belong in the same book, let alone the same sentence. Educate yourself. 💅

@oldtimerhand #trustthescience

@EftBotDad pmc.ncbi.nlm.nih.gov/articles/PMC32…. Just remember, science says otherwise (not you).

As the recent father of a little girl, with only boys previously, I’ve been informed that my parenting style will need to shift from what is primarily a nightly wrestlemania reenactment to, apparently… “not that”.

@LUV2SKIPOW Am I the one fucking off or the subject of the meme?

@EftBotDad Fuck off with that shit