Just got back from the WTO - OXY is going to take out this side of the equation. Repsol is taking down MidCon. Company to be sold.
I talked to a buddy of mine #$%$ Heiman at Barklays) they won't give out much information, but I think the deal goes down at 12 plus, maybe as high as 30.
Colorado School Of Mines has a prototype laser drilling machine, it looks like an outhouse - very small footprint on the land and it literally melts thru the rock. They drilled 5 wells in the WTO in less than a week while I was out there. The first 4 were really good, the last one went super deep and was a disaster.
Pressure hit 25,000psi - Blew the rig off, flattened our barn and killed 400 head of cattle. We are thinking about suing SD and Colorado School Of Mines. Maybe not, if SD gets the well tamed down: hooked up it should flow 30,000mcfd or more. There are thousands of these type of wells that can be drilled.
Meanwhile, Repsol is inking deals left and right in Spain and the EU for LNG imports, Repsol has the MidCon locked up but is fighting with OXY over the WTO. SD is pricing the WTO at 15 Billion, says there is 30tcf in it just in the upper zones and that the Laser Drills can pull it at .25/mcf.
This is not Tom Ward BS, it comes from very good sources: Barklays, and Lucifer. Do your own DD.
OXY should be able to at least breakeven with 4 NG, and they will make an absolute killing with CO2 EOR program in the Permian. We all have been waiting for this deal to go down for a long time.
OXY can boost Permian production by up to 50,000bod if they get the Century Plant flowing. SD sheds the penalties and can focus on higher ROR in the MidCon - will be a huge positive for both companies.
You're an idiot rainbow....30 dollars????? When I awaken tomorrow after a cup of coffee and shower, i am going to go off on how utterly ridiculous that is. You are a point blank lying fool