[rockdoc123]

$this->bbcode_second_pass_quote('', 'B')ut you said in your post above there was no difference between the disclosure for a bond and disclosure involved in doing an IPO. And yet now you are admitting there is a difference?

[Plantagenet]

$this->bbcode_second_pass_quote('', ' ')IPO means intial public offering, all that is required for that is the prospectus which contains the same disclosure items to the same depth as Aramco disclosed in their Bond prospectus.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'F')or the fourth time, a prospectus is not all that is required. The responsibility of the company doesn't end with issuing a prospectus. It is only the start of the process of going public.

Please consider how a bond is different from a company going public through an IPO.

[careinke]

Is anybody besides Plant and Roc still reading his thread? I must be a masochist to still be here.

[rockdoc123]

how about back on topic
along the lines of another thread the Permian is suffering from too much gas production with no egress but drilling activity is not slowing.

https://www.forbes.com/sites/gauravsharma/2019/04/17/permian-activity-is-firing-up-but-holding-back-u-s-natural-gas-prices/#45489d056f0b

$this->bbcode_second_pass_quote('', 'I')ndustry discourse suggests that the Permian Basin is powering U.S. shale oil and gas output. In fact, the hydrocarbon rich basin between western Texas and southeastern New Mexico is rarely out of energy market chatter these days.
According to the U.S. Energy Information Administration (EIA), the Permian may experience the biggest boost in production levels in the entire country. It is forecast to climb by 42,000 barrels per day (bpd) to 4.136 million bpd in May.
There is little reason to doubt that projection, according to Matt Johnson, National Account Manager at Frac spread count specialists Primary Vision. "The basin has seen a steady increase in activity for almost two straight months. It has recovered nicely since January by about ~30 spreads. So from an activity standpoint (i.e. completions, frac jobs and active frac fleets/spreads) as we move out of winter, things are looking pretty good."
The bump in activity follows trends seen in recent years, going by Primary Vision data. "In three of the past four years in which we have examined the Permian, activity rose in 2015, 2017 and 2018 in the months after winter roughly from February to July. The current year looks likely to follow that path," Johnson adds. 
That means more Permian oil and gas is coming onstream. In 2018, the basin accounted for 20% of the total U.S. oil production and at the same time accounted for 7% of the country's dry natural gas. Getting the maximum bang for bucks spent on the latter is what is once again worrying exploration and production (E&P) companies.

[asg70]

$this->bbcode_second_pass_quote('careinke', 'I')s anybody besides Plant and Roc still reading his thread? I must be a masochist to still be here.

[Tanada]

$this->bbcode_second_pass_quote('careinke', 'I')s anybody besides Plant and Roc still reading his thread? I must be a masochist to still be here.

[Plantagenet]

Permian Basin passes Ghawar to become the top producing oilfield in the world

the-permian-basin-is-now-the-worlds-top-oil-producer

The decline in production from ca. 5 million BPD to 3.8 million BPD at Ghawar means the Permian Basin has now passed Ghawar.

we now have this report from Saudi Aramco that Ghawar produced 3.8 million BPD .... The Energy Information Administration reports that the Permian Basin is now producing 4.2 million BPD.

Cheers!

[aldente]

it is 2025 per Douglas Dietrich

[asg70]

Can someone explain to me what those images mean that you keep posting? I'm pretty pop culture literate but they seem completely random and nonsensical to me.

[tita]

Rystad made a forecast on US tight oil production. The only basin that have some potential is the permian from their perspective. They anyway predict a huge increase of 5 Mb/d until 2030, which would be an average increase of 500kb/d each year.



Quite a different picture from the one of the first post of this thread:


Whatever happens, production won't anyway ever look like what Rystad forecasted. LTO production react strongly to prices as the 2015 downturn showed and, as I guess, what we are about to see in the short term. I'm quite convinced that we will see US production being almost flat in 2020, unless prices take an upward trend soon, which is more and more doubtful.

But that won't necessary mean also that US LTO is dead. As 2017-2018 proved with the second LTO boom (which amplitude was unexpected from my POV at the start of this thread). If Rystad are correct in their assumption of permian potential, a third LTO is quite possible later in the 2020's when prices raise enough.

[asg70]

Seems like it provides plenty of time for EVs to catch hold and start to chip away at demand.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'W')hatever happens, production won't anyway ever look like what Rystad forecasted. LTO production react strongly to prices as the 2015 downturn showed and, as I guess, what we are about to see in the short term. I'm quite convinced that we will see US production being almost flat in 2020, unless prices take an upward trend soon, which is more and more doubtful.

But that won't necessary mean also that US LTO is dead. As 2017-2018 proved with the second LTO boom (which amplitude was unexpected from my POV at the start of this thread). If Rystad are correct in their assumption of permian potential, a third LTO is quite possible later in the 2020's when prices raise enough.

[tita]

@Rockdoc

"The increased production capacity is based on the view that technology will improve which would result in higher recovery factors across the board."

I haven't read this in their press release, where did you read this? Also, something I don't understand is the meaning of "risked drilling locations".

And I don't take their forecast as an accurate view on LTO. Rystad sell their energy analysis to people, and these press releases are mainly there to promote the other products they sell. I was just putting this here to know what others think of it.

[asg70]

$this->bbcode_second_pass_quote('rockdoc123', '
')Mind you the virtue-signaling warriors here are more interested in attending strikes to support a 16 year old's incredibly learned view of climate change ....a tactic whereby they can blame everyone else for problems that haven't arrived yet and expect everyone else except themselves to solve the problems.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'A')lso, something I don't understand is the meaning of "risked drilling locations".

[Plantagenet]

Michael Lynch admits conventional peak oil has peaked, but says global oil production can continue to grow with additional unconventional production

new-predictions-of-peak-oil-and-energy-are-flawed

I certainly hope Mr. Lynch is right.

But if conventional oil production has already peaked, then the next question is WHEN WILL UNCONVENTIONAL OIL PRODUCTION PEAK?

And that is a more difficult question.

It turns out that estimating the amount of oil that could be produced from conventional oil fields and conventional reservoirs was actually done pretty well by the folks predicting peak oil. As Michael Lynch now acknowledges, conventional oil production actually has already peaked.

But there is a GREAT DEAL MORE oil out there in unconventional reservoirs like oil shale, tar sands, condensates, etc. then any of the original peak oil advocates ever imagined.

So how much "unconventional" oil is actually out there?


how much "unconventional" oil is actually out there?

AND

When will unconventional oil production peak? Will it peak in the 2020s as I suggested when I started this thread?? Or will it peak by 2050? Or will it never peak?

Cheers!

[AdamB]

$this->bbcode_second_pass_quote('Plantagenet', 'M')ichael Lynch admits conventional peak oil has peaked, but says global oil production can continue to grow with additional unconventional production

new-predictions-of-peak-oil-and-energy-are-flawed

I certainly hope Mr. Lynch is right.

[ROCKMAN]

So 2020. OK then. Let's plan to meet back around 2040...maybe 2050...and see if 2020 turns out to be the magic date. After all, PO can only be definitely tagged in the rear-view mirror. That has been consistently proven over the last 100+ years as past incorrect declarations have been proven. LOL

[Plantagenet]

$this->bbcode_second_pass_quote('ROCKMAN', 'S')o 2020. OK then. Let's plan to meet back around 2040...maybe 2050...and see if 2020 turns out to be the magic date. After all, PO can only be definitely tagged in the rear-view mirror. That has been consistently proven over the last 100+ years as past incorrect declarations have been proven. LOL