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@kells940

Dallas sports fan trapped in Houston. Energy Lover

Houston, TX Katılım Şubat 2011
1K Takip Edilen1K Takipçiler
Michael Spyker
Michael Spyker@ShaleTier7·
I was put on this earth to make use P(90) results as my base case budget type curve.
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Rory Johnston
Rory Johnston@Rory_Johnston·
Heads up that I'll be joining @BNNBloomberg to discuss the latest head fakes in oil land in the next ~10 minutes.
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Келлз
Келлз@kells940·
Fervo: After its huge post IPO run is at 11 Billion Market Cap Binding PPAs — 658 MW total, ~15-year remaining terms, ~$7.2B revenue backlog So, $11B market cap for a company with $140K of trailing revenue, whose entire value depends on a single project starting on time in October 2026, in a sector with zero commercial-scale precedent, where the most aggressive growth driver (Google framework) is explicitly non-binding. A lot is riding on this Cape Station Phase I going perfectly.
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Келлз
Келлз@kells940·
New billion dollar idea: open up a kid friendly resort, but then have a resort wide nap time happy hour from 1-3 with a pool DJ
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Michael Spyker
Michael Spyker@ShaleTier7·
Pretty crazy that some of the most economic wells being drilled in Canada are Prairie Thunder's Charlie Lake open hole multilaterals. Medium grade oil, ~$5MM D&C. $35/Bbl WTI breakeven. 175% drillbit IRRs at strip. Asset is 5000 BOE/d from ~nothing ~2 years ago!
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Келлз
Келлз@kells940·
Last #rollcall away from home before baby #2 arrives. Cheers everyone!! (I'm not mad @RealPETE2020 hasn't posted a roll call video, just disappointed)
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Келлз
Келлз@kells940·
"I look miserable, why would you post that" - My Wife
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GFed
GFed@GfedGoCrazy·
My kind of place. 10/10. Hope I don’t get judged finishing a burger with a fork
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Келлз
Келлз@kells940·
It's beautiful
Michael Spyker@ShaleTier7

"The Treadmill" I just want to sit and bid the lot Three hundred K per acre, that's my shot BLM lease sale, I'm feelin' hot Buy the inventory an give it all I got But before we go and seal this deal I gotta ask you how you really feel Would you still love me if I lied about the core? If my runway estimate wasn't what I swore? If I overstated how long this play would flow And the depletion curve was faster than you'd know? Would you still be down if the reserves were less? What if my confidence, was more than my success? If I bent the numbers to make the bid look right Would you call me out or just hold me tight? If my 1P reserves came in half of what I modeled And the geology was nothing like the data I coddled? If our spacing interpretation was completely wrong And I had to write down billions, would you stay strong? If the pressure regime didn't match my type wells And my EUR forecast was half of my IR deck sell? If I had to admit the sticks didn't perform And the 50 wells a section didn't hold its form? If my type curve analysis was overoptimistic and blind Would you still back the upside I claimed to find? Or would you cut ties when the reserves disappeared And the numbers proved everything you feared? If the IRR came in at five instead of fifty And the free cashflow projections got real gritty Would you sell my stock and buy Matador? Chase another operator's play and close the door? If my six million dollar locations didn't pay And we had to write down everything today Would you stick around when the dry holes come? Or cut ties when my thesis don't add up to sum? We only humans, girl, we make mistakes Trying to make our bonus, whatever it takes I love incinerating capital, and that's no lie But my forecasts failed and I don't know why You know my style, I say anything to make things work Promise you the upside even in the murk We're out here bidding lots and chasing plays Hoping reserves justify the capital we've laid So would you still love me if I lied about the core? Would you stick around when there's nothin' left to explore? I spent three hundred K an acre on a dream But the reserves ain't what they seem Five percent returns and no cashflow in sight And shareholders got nothin' but a long dark night We only humans, girl, we make mistakes But I'll keep bidding on whatever it takes

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Geronimo
Geronimo@AlexHusser·
Houston #EFT I need a dinner recommendation. Museum district. Two families. Think somewhere between Underbelly and Mark’s Yeah, I’m that old.
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Келлз
Келлз@kells940·
@hawtdeals1 32 wells per section gets you to their ~400 2-mi location count and $6.5mm per stick. I have no idea what benches people are drilling out there (Not a Permian guy), so I don't know if that is reasonable or not.
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Barrel Man
Barrel Man@hawtdeals1·
$DVN trying to gaslight with their press release… the only thing accurate is that this is “consistent with what they’ve been doing”. Their “ground game” is paying $285k/acre right here while beating the likes of $XOM, $COP, $OXY, $EOG and $PR and Mewbourne (who all had surrounding positions) on every tract except where $MTDR was just as dumb. There is nothing proprietary or skilled about that: devonenergy.com/news/2026/Devo… Map: Blue is Matador, Orange is Devon
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