O.D.
@ODstrothers
independent conventional e&p operator/oilman/oddball/deadhead. will drill for food. make a third for a quarter great again. #OOIL #OFS #EFT #oilfield
New drills. $700,000 AFE. 30% ROI at $55/bbl. 100-150 mbbl per wellbore reserves. Proven field. High oil cut/low water volume. 4000' average depth. "Oh, you're conventional Oklahoma. Sorry, we only do deals in the Permian 🤥"
I'm not usually one to complain on here, but man...this oil business has been really, really tough lately. I could vent more, but I'd just be echoing everything that's already been said on this platform about the issues we're all facing. I'm hoping and praying for all of us…
If the President & Congress really wanted to boost U.S. drilling, here’s what they’d pass: •30% depletion allowance •120% IDC deduction •12% tax credit for infill wells •15% credit on U.S. steel •Energy Opportunity Zones in predominantly vertical fields #pipedream #eft
I don't think anyone on here that is legitimate O&G is arguing that they'd rather have Kamala. Our president said that he would support our industry when he ran for re-election. He has not done that. Am I not allowed to be annoyed? Even just a little bit?
Anyone ever work with the Genecov Group out of Tyler, TX? Curious to know more about how they function as a non-op.
Investing in people, and not assets... Giving lemons to those who know how to make lemonade... What an interesting theory...
Tomorrow’s guest is Ken Hersh - Co-Founder of NGP Energy Capital Management. In this clip, we discuss his original investment thesis for NGP (that he came up with as a 25 y/o in the late 1980’s). NGP’s track record over 27 years is a 30% annualized rate of return, making it one…
Maybe a dumb question but: can I go to the bank that issued an oil & gas loan and buy the mortgage note of an underperforming operator and its assets? Assume the actual value of the assets is 4-5x less than the loan amount.
People forget that 50% of the world's OCTG's came from Russia and Ukraine pre-war. When you take that supply off the global marketplace, it makes sense why tubular costs have doubled.
Bro just tried to gaslight me into thinking $60 today is better than $70 in 2018. Respectfully disagree. Tubing, casing, rods, electricity, labor, materials - you name it - these input costs have risen 50%-100% since 2018. I remember 2018. Our margins were rich at $60/bbl then.…
Lot of talk about inflation adj oil prices being super low. “$60 WTI is close to $45 in 2018”. Which makes drilling today “dumb”. Summary: Disagree. Well Econs at $60 today are more economic than $60 in 2018, even when adjusting for inflation. $60 today for the industry is…
Today marks my 10 year anniversary as an independent oilman. Back then, I didn't think this business would be as challenging as it has been. My ego was quickly shoved aside, which has led to real personal and professional growth. Continuing to put my head down and bull on…
Regarding the Reuters story on Saudi Arabia’s stance on the oil market, a Saudi official has said to me: “Since when do we brief anybody on what we will do in advance of a meeting?”
100%. I've had way more success on X than NAPE. Have built some very great business relationships with anons by having intimate discussions, which ultimately have led to deals believed to be fair for all involved.
This is the second project I am seeing people offer to fund off the “soft sell” on twitter. Many underestimate the size and volume of deals done on X. Most better than you see on energynet or at NAPE.