Houston-based Targa Resources Partners (NYSE: TRGP) and Sanchez Energy Corp. (NYSE: SN) have entered a 50-50 joint venture agreement to construct a cryogenic natural gas processing plant in La Salle County, Texas.
The plant is expected to be operational in early 2017 and will have initial capacity of 200 million cubic feet per day along with 45 miles of high-pressure gathering pipelines that will connect to Sanchez's current gathering systems in the area
EAGLE FORD shale is a treasure. What if we have oil prices back up to the $70 or cost come down to make 50 $ oil as profitable as 100 dollar oil just years ago…. level early in 2016?! In recent decades, developed nations have spent hundreds of billions of government dollars trying, and failing, to invent a cost-effective replacement for petroleum. Yet without taxpayer largesse, American entrepreneurs invented a new method to extract astounding quantities of oil from rock, upending the global hydrocarbon trade in the process. In a world where oil still powers 95 percent of air and ground miles and will remain dominant for decades, this represents a very positive development! Oil prices do rebound quickly, junior oil producers are the stocks that investors are going to want to own shale companies. *** Under 50 oil is a unsustainable price because it destroys too much supply and creates too much extra demand, maintains Mike Breard, an energy sector analyst at Hodges Capital Management. "Producers will stop drilling. People will buy more. The idea that oil is going to stay in the $40 range for three to four years is utter nonsense," says Breard. Opec calls for 80$$ Economy needs higher oil. Since oil and the dollar are inversely correlated, that would put a bid under oil. Stronger dollar = less trade & Business. Highly capitalized names, such as Oasis Petroleum (OAS) had that falling knife look. This would naturally bring nibblers and those that average in. Arabs blew it. Keeping oil high for American know how… We can produce as cheap as the middle East - the advances of American technology. Advanced pad drilling techniques allow frackers to launch five or ten wells in different directions from the same site. New drilling methods, pipelines and water removal. New on/off pumps, drill close for fracking, Chemicals, Smart drill-bits with computer chips can seek out cracks in the rock. New dissolvable plugs promise to save $300,000 a well. "We've driven down drilling costs by 50pc, and we can see another 30pc ahead," said John Hess, head of the Hess Corporation. Horizontal wells and drilling close together. WAR IN THE AIR- The Saudi royal family is leading the Sunni cause against a resurgent Iran, Iranian proxies are running Yemen, Syria, Iraq, and Lebanon," said Jim Woolsey, the former head of the US Central Intelligence Agency. Standard & Poor's lowered its outlook to "negative" in February. "We view Saudi Arabia's economy as undiversified and vulnerable to a steep and sustained decline in oil prices," it said. The Middle East can slash investment spending for a while - as it did in the mid-1980s - but in the end it must face draconian austerity. It cannot afford to prop up Egypt and maintain an exorbitant political patronage machine across the Sunni world. The middle east is Screaming- -• The oil industry is full of Take over target- its just one big cycle only-4 down turns in the last 20 years. All the cycles turned up in time…. ITS a cycle. ******( huge opportunity its a great time to buy ) technical indicators show must buy range!!!!!!!!!! EAGLE FORD shale has the best opportunity for profits in the USA with its reserves … The industry has had 4 down turns in the last 20 years. cheaper oil is good 60 and 70 dollar oil the new 100 dollar oil. Companies are bringing up oil much cheaper.. In the future we could see new legislation towards making oil cheaper. Shale oil and tar sand oil can make companies margins go up. New technologies and techniques are changing oil companies for the better. Companies break evens and coming down. 1) High grade shale assets 2) Shale industry analytics 3) Embracing digital information, data and monitoring 4) Decisions made by sensors and informed leadership 5) Removing crippling laws 6) friendlier international and US laws. 7) Avoid legislative hurdles. 8) Accelerate exploration on federal lands 9) Walking rigs, education, new multiple holes, 10) Better pressure pumps and optimization in timing pressure 11) ON/OFF controls on equipment 12) PADS that make drilling easier , effective ,efficient , faster 13) Optimizing fields and spacing of wells for Horizontal drills and use of pressure pumps and sand, chemicals. 14) Moving water and materials easier to maximize oil in fracking 15) adapting new technologies and industry norms changing 16) Faster drilling and the learning curve developing much faster with data based information studied 17) Sesors , automations, computers, Robotics, seismic software, drones, logistics, mapping, all are being deployed and studied. 18) New water and waist controls and methods for removal with pipelines 19) partnering for pipelines and reducing cost up to 50% Delivering oil with pipe can lower Dakota oil 15% over rail. Exploration and delivery have greatly changed.
buying below book value has been a successful trade . Sector leaders below book have made money most the time. The world is not ending
Oil holding 45 dollars and not selling the bad news out could be the bottom
. stocks not going down Friday with the news is great. Oil went down a buck and the oil sector actually went up. Usually is a buy signal and the rally started. Most the sector ended up 7% in a day
try to grow a brain and figure out how much of their oil is hedged very high!!!!!!!!!!!!!!!!!!!!!! no-brainer for those who have one.
One heck of alot of people watch this and are waiting. Another good day like today could make this finally fly. Futures are up big this morning. I think we have lift off.
One of the best , older , secure oil companies for pennies on the dollar and very cheap when oil goes back up. ITS just plain cheap. The divvy could return , but for now it is just old established oil patches that will return for years to come. They know what they are doing and have done it for years. STABLE fields and good hedging. Clockwork.
Goldman in 2008 said oil was going to over 150 to 200 dollars a barrel. What clowns now five years later they are saying it could go to 20 dollars. They are clueless and wrong more then not with oil. Its time to buy when the BS meter spikes. They are covering.
Try looking at the book value as they have assets and bank backing. EASIER terms as OIL goes up and interest returns to the sector.
what in world is a HP,,, that well known. They are in last place right? They still around? Carly best give it up she and tRUMP will never make politicians.
North and south Korea are firing at each other. ONE WORD NAPON!!!!!!!!!!!!!!!!!!!!!!!