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Linn Energy, LLC (LINE) Message Board

  • rlp2451 rlp2451 Nov 24, 2012 4:24 PM Flag

    "...in the Bakken enjoy a $73/boe price advantage compared to about $14/boe for the shale gas operators."

    Anyone want to guess how old this information is?

    And why that matters?

    According to the ND Oil & Gas report, their latest reported price for oil was $80.75/barrel.

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    • All regular reads already understand an explanation is beyond your abilities.

      But as always that will stop you from finding some drivel on a pagan Progressive website to 'share'

      I guess that is all which should be expected of a shadow puppet.

      • 1 Reply to norrishappy
      • That came from an article:
        "...in the Bakken enjoy a $73/boe price advantage compared to about $14/boe for the shale gas operators."

        It is relevant today because the numbers are not too different and it explains the value difference based on heat content of the two (gas & oil) and the aprox. finding costs in the Bakken.

        It is going to vary slightly but it does get the point understood....if you take the time to understand what he explained.

        Gas is actually a little worse then when that interview and article came out, and the oil is a little better price so the ratio is a little higher but that is close enough to make the point even though the advantage for oil is slightly more now than when the article was written.

        That post has numbers that are pretty close to todays prices for BOTH gas & oil and it was posted merely to illustrate a point which is the price advantage of BAKKEN oil over natural gas in this low natural gas price environment. That was explained by Bud Brigham in detail.

        It was talked about at the Enercom conference and described by Bud Brigham when he was interviewed and it is very worthwhile to listen to him explain it.

        It is why there has been a rush towaed oilier plays.

        RLP does not like that because he likes COG....good for him.

        He is about to do again what he did when he posted about the 1 million EURs for Bakken wells which Hess is NOW getting that RLP said was just a fantasy....he is about to speak again without knowing what he is talking about....just watch.

        The rest of the industry who can shift toward oilier plays like the Bakken or the Hogshooter or a few others have made that shift because of the economics.

        If you listen to RLP, he says that he thinks that the Bakken is not the place to develop oil because he does not like the decline curve ........

        ......................but for some reason he does not seem to want to share his concerns with Mr. Hamm, or Bud Brigham, or Lynn helms....

        Gee, I wonder why?

    • On this Clownie,
      "Maybe you ought to find out how much the EUR Hess thinks their average Bakken well will ACTUALLY (realistically) produce. Then get back to us, Mr. Wizard."

      Hess is NOW getting EUR's for their dual laterals in the Bakken at ONE MILLION Bbls.

      So, I think they will get a net Profit of not merelt $20 Million like the State of ND numbers but adjusted for the 1 million EUR which would be a NET profit for each Hess dual lateral 1 million EUR Bakken Well of $32,500,000.

      Why don't you take a quick look at their published info on their Bakken development ....you might learn something for a change:

      "Large Captured Resource in Important Strategic Resource PlayUnconventional oil important to energy supply

      Hess has 500,000 acres (800 MMBOE of resource)
      Can grow production to sustainable 80,000 BOEPD

      Robust Economics & Strong UpsideWells produce high quality (WTI-like) oil
      Break even returns at $40/barrel WTI; Upside at higher prices

      Established Operator / Early Play DeveloperLow risk US onshore location –minimal geopolitical risk, balances portfolio
      Operating in Williston Basin since 1950s (infrastructure in-place)
      Aggressive acreage acquisition campaign commenced 2004

      Platform to apply, refine, and leverage “Lean Execution”Economics enabled by manufacturing approach (repetitive process continuous improvement)
      Scale allows dedicated focus to develop excellence and apply to analogous plays

      Unconventionals growing part of portfolioBuild expertise and reputation in Unconventionals
      International expansion: Hess recognized as partner of choice."

      Sentiment: Strong Buy

 
LINE
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