I have been directly involved in this part of the market for over 10 years, and I can tell you, nothing makes me happier than $80 oil we’ve had for the past month. Before I exclaim why, let’s talk about the dynamics of low and high...
As a lifelong fisherman from Alaska, I’ve learned 2 basic rules that will help you fill the freezer for the winter. Rule #1: Go to where the people are Rule #2: Go to where the people aren’t Sounds like confusing (if not contradicting) advise, right? Well, here’s how...
Bank of America last week is predicting Brent will go up to $120 a barrel in Q2 2022. Main reasons stated were current supply chain problems and an uptick in demand from China. Other reasons are the Administration lack of financial support for the entire...
I met with an associate of mine in the industry last week who works directly for smaller operators. This person told me that there are a lot of people from the larger cities purchasing land/homes in their area…many of these are second or third properties....
"Whoa There” Natural Gas! Natural Gas went from $3.90 last week to $5.27 today! That’s a 35% jump! Talking amongst friends in the industry, we don’t expect the price to stay above $5.25 for too long this month. But, it would not be out of the...
“What are the Risks?” OK, we get this question from new and even seasoned investors. And it’s a good question. Every deal can have a unique set of risk, but the 2 big ones that pop into my mind are A drilled or re-entered well is simply...
At the beginning of the year I like to write an opinion regarding where we think the industry will be domestically for a calendar year and where the advantage may be from an investment standpoint. We've been MOSTLY accurate (taking out 2014) in the past,...
If you’ve never seen this acronym before? It means “Drilling, Testing, and Completion”. Most newcomers don’t fully understand that most success in prospecting hinges not in the Drilling and Testing, but the Completion. Based on technology and historical field data, it’s hard these days to completely...
About a year ago, we were approached by an operating company out of the Illinois Basin for promoting working interest. As a group that had topical knowledge of IL Basin geology, the infrastructure, and have been burned in KY about 10 years ago, we were...
At the beginning of the year I write an opinion regarding where we think the industry will be domestically for a calendar year and where the advantage may be from an investment standpoint. I like to revisit this around July to see how things stand. I’m...