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BP Prudhoe Bay Royalty Trust Message Board

bnwild56 134 posts  |  Last Activity: 10 hours ago Member since: Feb 23, 2000
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  • I took a few second and looked at yahoo CF on CHK.
    Started me thinking: Why not go ta Japanese bank after all Japanese bonds are now set at negative interest rates.(got to hurt). I would make a deal with an Japan bank to acquire all ten billion in debt and set interest rate at 2% for next three yearend the Bank would be in first position if BK was ever filed they be the bank or banks suppling the the DIP if it came to that...After all NG is an Big importable fuel for Japan...They could make swaps with their current suppliers etc...Next, I try to make deal with pipeline MLP's to cut rates in half for three years.( I would also see if the Japan bank and the MLP could help each other)....That's what i would do...Most these billionaire types are to interested in stealing the assets though.(like wipe out current shareholders and unsecured debt holders...Remember the flocking over to Spain a couple of years back...Yep, those type people.

  • Reply to

    SONG FOR MID DAY

    by vvvv_vvvv 12 hours ago
    bnwild56 bnwild56 10 hours ago Flag

    I wonder if: CHK can get pipeline charges reduced by half until crude and BG prices improve? look at CF on yahoo for 3rd qtr. I was surprised to see operating cash flow positive to 318 million...OF course they had 500 in the depletion category....anyway should be interesting.....I would try to borrow money from Japanese banks with the negative interest rates on Japan bonds the Japanese banks ought to be willing...I give them an equity position too maybe...Refi the ten billion in debt to 1st secured @ interest rate of 2% for next three years...That be my plan....What's ten billion when Japans banks faces with 100's of billion in negative interest rate Japanese bonds! hey Ya! all part of the package....

  • Reply to

    Good afternoon fellow gamblers

    by greschler2000 11 hours ago
    bnwild56 bnwild56 11 hours ago Flag

    I owned this at $2.00 or was it $2.50 a share, way back in year 2000..My drinking friend talk well of this company then. I sold around $5.00 or $5.50.
    My friend kept the stock then it was eight and then $16.00...I no longer go to places where my friend and i talked for 6 plus years now...I wonder if he sold or held....

  • bnwild56 by bnwild56 16 hours ago Flag

    better buy puts 2 yr or less LEAPS. Or short this... no recovery in sight,
    Integrated oil struggling should tell you .

    ""Oil supply seen outpacing demand, capping price"" 2016.

  • Reply to

    Culley and chk

    by trmmara Feb 8, 2016 10:35 AM
    bnwild56 bnwild56 17 hours ago Flag

    debt and oil do not go together

  • Reply to

    The clown debate

    by trmmara Feb 7, 2016 12:02 PM
    bnwild56 bnwild56 Feb 8, 2016 2:35 PM Flag

    From down where can we do but up. Re: current Pres...Lowest interest in my entire life should be good for something house flipper, smile. Business profits booming from engineering according to Ican(buying back stock and mergers)(fictitious growth on massive scale).(of course I would not blame this on the Current Pres.). Yes, Pres. and Democrats passed an Massive Tax hike onto the Middle Class and the very Poor working Class. POTUS, had nothing to do with low Oil and NG(that was capitalism unabated)(which as we investors know can be bad when not moderated some).
    The issues our POTUS was in charge of: Iraq pull out. ISIS problem.
    massive immigration into Europe. POTUS has/had direct influence over these issues....Left out Russia in Ukraine and? but I will not criticize Ukraine because my solution would of been to place 60k Pease keeping troops in the Ukraine before the shooting started. ( only perhaps the USA had not the troops available because of previous Administrations cut back on ready troops...(I will say if we have the troops there be no need; but if we do not have troops then the need will materialize.) Liberal do not understand this, I think... I just want to tap down false giddiness over economy/

  • Reply to

    Why I have problems with Democrat party

    by bnwild56 Feb 5, 2016 11:54 AM
    bnwild56 bnwild56 Feb 6, 2016 4:08 PM Flag

    I read some on subsidies. starters claim unfair lifo(when prices going up).(oops prices have went down argument nullified). Intangible drilling cost capitalized.(first it deferral of tax because of capitalization(depreciation) then its because not enough was capitalized and amortized-30% of IDC).
    Ya cannot have it both ways. (They argue wages etc get capitalized and claim they don't in the industries like contruction) . Are we idiots? If or business repairs or add rooms or structures do not we capitalized the wages/ yes, as we paid the contractor a price for the job and that price we amortised..Perhaps the contractor had an immediate expense, ya think?
    Percentage of depletion( many industries use this) the argument is lame if you truly understand the details.) Wells have to be reworked , wells(exisiting) have different pumps put on downhole etc. Does not DD&A match mostly cost to extract? it's an percentage of depletion issue...Besides, if your an manufacturer and you do not like USA laws you cab pack up and move.(buildings machines etc)..An oil company cannot as the Asset will not move! yes i have some problems with democrat rethoric-especially non intelligent rethoric like oil company subsidies. they do this to get emotion from the unknowing and that is just wrong....not say Republicans have a similar problem but Democrats seem be on their high Horse all the time.

  • Reply to

    Earthquakes

    by bnwild56 Feb 4, 2016 9:31 PM
    bnwild56 bnwild56 Feb 6, 2016 3:45 PM Flag

    I take it you have a resource staff...re: Soros gang. I think I would do better with an team to work off of too....Like I happen across the south Korean economic fear about debt(source) ///making it short conclusion...we may need to go short on world economy..Hence recent George Soros speeches... Access to information-a team help tons!

  • Reply to

    The Presidents $ 10.00 Fee on the Patch

    by tellicherry Feb 5, 2016 8:34 AM
    bnwild56 bnwild56 Feb 6, 2016 3:36 PM Flag

    telli your so right. the merrit of the action should be on its merits and not whom proposes it...

  • Reply to

    Obama

    by dadmac1000 Feb 5, 2016 12:24 PM
    bnwild56 bnwild56 Feb 6, 2016 3:31 PM Flag

    auto correct hasn't a clue righties? nineties it should say.

  • Reply to

    Obama

    by dadmac1000 Feb 5, 2016 12:24 PM
    bnwild56 bnwild56 Feb 6, 2016 3:30 PM Flag

    Well, the data is messaged all over the place. In the late righties while I took a CBEST course an Spanish lady claim the USA hid its true unemployment rate. (interesting she had a job before passing an CBEST requirement).(not true for an American). At the time I thought I would teach children as the school district had these four hour special classes and one of em was required science back ground. I had enough Units from CSUB to qualify.(and science was not my major I just happen to take the classes). End of story eye surgeries etc..ended that plan. One really needs to study numbers on employment before getting giddy!
    ""“dropped” to “6.3 percent”? Well, it all comes down to how you define who is “unemployed”. For example, last month the government moved another 988,000 Americans into the “not in the labor force” category. According to the government, at this moment there are 9.75 million Americans that are “unemployed” and there are 92.02 million Americans that are “not in the labor force” for a grand total of 101.77 million working age Americans that do not have a job. Back in April 2000, only 5.48 million Americans were unemployed and only 69.27 million Americans were “not in the labor force” for a grand total of 74.75 million Americans without a job. That means that the number of working age Americans without a job has risen by 27 million since the year 2000. Any way that you want to slice that, it is bad news."" old by a year or two ago but relevant still.

  • bnwild56 bnwild56 Feb 6, 2016 3:00 PM Flag

    Personally i do not like weed... Watch I, Rick the travel guy on PBS in Amsterdam at an coffee shop where they sell weed and they had it broke down into kinds that make you sleepy laugh etc.(many choices)...Yes, i used Bongs...One friend had one so large I left the bottom on the floor and put the other end in my mouth completely standing up. my arm barely could reach the carburetor hole..That's what you call taking a hit....

  • Reply to

    Earthquakes

    by bnwild56 Feb 4, 2016 9:31 PM
    bnwild56 bnwild56 Feb 6, 2016 2:42 PM Flag

    I do not know Oklahoma..yes, lot of little ones...Seems to be related to location of disposal well...I do not in CA. Lost Hills in Fact in the early 2000's I followed the Deep 18k to 22K High Temperature High pressured wells(HTHP) in which six plus were drilled...Anadarko bought one in an M&A of Berkley petroleum co. I was getting qtr. special reports from APC for several years just on the wells producing there. At depth 18,000 feet on choked well it sort of quickly produced more and more water and had to almost beg Shell or XOM to have access to their disposal ponds/wells....The well last i remember was producing 1.5MMCFD and 4,500 barrels of water(salt)(brine)//This under Extreme pressure...Hmm it was not causing Earthquake...Now if it were drains and we could economically use it as an disposal well and earthquakes started to happen near...I guess we could be 100% sure it was the waste disposal back into that well? right?

  • Reply to

    4.9 % unemployment

    by dadmac1000 Feb 6, 2016 10:04 AM
    bnwild56 bnwild56 Feb 6, 2016 2:15 PM Flag

    Yeah, the farm worker argument is less effective today...Democrats hollering about wages(not high enough) just think the illegal workers in construction have drop the wages by half....For ever action their is an opposite...I am not sure liberals get it...And sometimes the republicans do not get it.

  • Yahoo trial haloen yesterday i had to reload. Today yahoo did new display again and I could not find link to message board anywhere. I closed browser and logged back in...Yahoo gave old display and here I am. And yahoo wonders why they cannot get their act together? They spend too much time and money on display that adds NOTHING!

  • Reply to

    Earthquakes

    by bnwild56 Feb 4, 2016 9:31 PM
    bnwild56 bnwild56 Feb 6, 2016 3:54 AM Flag

    Despite decades of production and injection in oil and gas fields, extensive seismic
    monitoring, and vigorous seismological research in California, there are no published
    reports of induced seismicity associated with wastewater disposal related to oil and gas
    operations in the state. However, the potential seismic hazard posed by current water disposal in California is uncertain because possible relationships between seismicity
    and wastewater injection have yet to be studied in detail. Injection of larger volumes of
    produced water from increased well stimulation activity and the subsequent increase in
    oil and gas production could conceivably increase the hazard. Given the active tectonic
    setting of California, it would be prudent to carry out assessments of induced seismic
    hazard and risk for future injection projects, based on a comprehensive study of spatial
    and temporal relationships between wastewater injection and seismicity.
    The closest wastewater disposal wells to the San Andreas Fault (SAF) are located in
    oilfields just over 10 km (6.2 mi) away in the southern San Joaquin Valley. It is unlikely
    that current wastewater injection in these wells would induce earthquakes on the fault.
    If in the future significantly higher-volume injection were to take place in or close to these
    existing oilfields, then it is plausible that the likelihood of inducing earthquakes on the
    SAF could increase.....Chapter Four
    Seismic Impacts Resulting
    from Well Stimulation
    Bill Foxall, Nathaniel James Lindsey, Corinne Bachmann1
    1
    Lawrence Berkeley National Laboratory, Berkeley, CA

    Well until this week....me local news said otherwise......

  • Reply to

    Earthquakes

    by bnwild56 Feb 4, 2016 9:31 PM
    bnwild56 bnwild56 Feb 6, 2016 3:39 AM Flag

    Seems so,e of these disposal wells they studied actually found faults they did not know about...

  • Reply to

    Earthquakes

    by bnwild56 Feb 4, 2016 9:31 PM
    bnwild56 bnwild56 Feb 6, 2016 3:38 AM Flag

    Seems location and geology. William L. Elisworth video USGS. Arnsenal well,Colorado drilled to basement communicated with Fault.....Caused earthquakes...Did field test...It's rare 30,000 wells and a few problem spots. Pressure can be transmitted great distance if there is an porous fluid channel ... So, no more a problem than making sure you do not contaminate drinking water....usgs.gov/regional/nca/seminars/2013-12-02/

  • One: Stupid campaign rhetoric like: Subsidies for oIL and gas.

    Take this one for example : ""The proposal is explained further in the budget's Analytical Perspectives (PDF, p. 204), with the objective being "to phase out subsidies for fossil fuels so that we can transition to a 21st century energy economy."
    It's hard for me to argue against eliminating subsidies of any kind, whatever the reason, but one non-subsidy jumped out at me: "the ability to claim the domestic manufacturing deduction against income derived from the production of oil and gas." That's referring to Internal Revenue Code Section 199, a deduction created in 2004 and broadly available to all manufacturers. Initially, domestic manufacturers were able to deduct 3% of income; this was increased to a 6% deduction in 2007 and a 9% deduction in 2010. What the budget proposes is to curtail this deduction so that out of all manufacturers, only oil and gas producers cannot take it.
    Maybe Section 199 is a bad idea, for getting the tax code to value domestic manufacturing over other types of business activity. Maybe the real issue is the 35% corporate tax rate, since we keep creating new deductions and credits like Section 199 to allow corporations to pay less, rather than just lowering the rate for everyone. But it's not correct to label Section 199 as a subsidy going to oil, gas, and coal companies. Any domestic manufacturer can take it, whether they make fossil fuels, renewable fuels, or widgets.
    Indeed, the argument from supporters of the administration's plan is not so much that it's a giveaway to oil companies, but that it won't affect oil prices. A study by the Democratic majority of the congressional Joint Economic Committee (JEC) found (PDF) that repealing Section 199 for oil companies wouldn't drive prices up:""

  • Reply to

    Earthquakes

    by bnwild56 Feb 4, 2016 9:31 PM
    bnwild56 bnwild56 Feb 5, 2016 10:55 AM Flag

    From EPA: Class II Oil and Gas Related Injection Wells
    Class II well types
    Disposal wells
    During oil and gas extraction, brines are also brought to the surface. Brines are separated from hydrocarbons at the surface and reinjected into the same or similar underground formations for disposal. Wastewater from hydraulic fracturing activities can also be injected into Class II wells.
    Class II disposal wells make up about 20 percent of the total number of Class II wells.
    Enhanced recovery wells
    Fluids consisting of brine, freshwater, steam, polymers, or carbon dioxide are injected into oil-bearing formations to recover residual oil and in limited applications, natural gas.
    The injected fluids thin (decrease the viscosity) or displace small amounts of extractable oil and gas. Oil and gas is then available for recovery. In a typical configuration, a single injection well is surrounded by multiple production wells that bring oil and gas to the surface.
    The UIC program does not regulate wells that are solely used for production. However, EPA does have authority to regulate hydraulic fracturingHelphydraulic fracturingThe process of using high pressure to pump sand along with water and other fluids into subsurface rock formations in order to improve flow of oil and gas into a wellbore. when diesel fuels are used in fluids or propping agents. During hydraulic fracturing, another enhanced recovery process, a viscous fluid is injected under high pressure until the desired fracturing is achieved, followed by a proppant such as sand. The pressure is then released and the proppant holds the fractures open to allow fluid to return to the well.
    Enhanced recovery wells are the most numerous type of Class II wells. They represent as much as 80 percent of the total number of Class II wells.
    Hydrocarbon storage wells
    Liquid hydrocarbons are injected into underground formations (such as salt caverns) where they are stored, generally, as part of the U.S. Strategic Petroleum Reserve.
    Over100

BPT
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