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Linn Energy, LLC (LINE) Message Board

  • norrishappy norrishappy Feb 4, 2013 8:08 PM Flag

    Sand - I was going over the EPD call and will do so again

    The excellent CEO turned out to be wrong about the chemicals companies building the capacity to use the light ngl streams. Now he believes we could be in for several more years of ethane rejections.

    Nor is RLP'D trying to mislead the board with topical posting of particular projects going to change the economic reality. Unless of course it is bagging on line for the NGL stream. BUt with ethane selling at about BTU cost to ng it is very silly.

    But hey that is what the troopers to. Be purposeless pests.

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    • I have not heard it yet, but you got me a bit more interested.

      I was reading just now over at KOG and it seems that one post kinda answers a question I asked before about how the numbers I was reading about the few current Utica wells compared to Bakken wells. There are now over 8,000 Bakken/three forks wells, but just a few dozen Utica producing wells.

      While there are not very many Utica wells producing yet, some of them do look very good.

      This is what I saw over at KOG:
      IP average for 24 wells: 2245 BOE/day---24 total wells listed

      That was from the most recent KOG (Feb. 2013) presentation......and I think that is still better than what I have seen from Utica....but Utica seem more gas & wet gas so it is harder to compare by value in dollars/ IRRs than boe...but their well costs are not too different.

      ..but there seems to be much more oil in Bakken wells from what I see so far..

      • 1 Reply to sandonthebeach47
      • Hi Sand,

        As you know well economics depends on oil and the heavy ngls.

        The CEO at EPD is an old chemical guy and he has not been incorrect about much. Which makes clear just how distorted our energy market is that we are not building the capacity fast enough to use the ethane. Guess no one is sure of the tail on all the dry gas and the wet gas.

        For the oil the Seaway volumes are very interesting. Also the build out of pipes which will allow them to use their barges to move oil around out coast. That has to be much cheaper than trains and also new markets for Bakken.

 
LINE
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