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Hydrogen Engine Center, Inc. Message Board

larrydett 99 posts  |  Last Activity: 10 hours ago Member since: Jul 19, 2000
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    Baker Hughes: US Oil Rig Decline Smallest Since December
    Friday, March 27, 2015
    March 27 (Reuters) - The number of rigs drilling for oil in the United States declined by 12 this week to 813, the smallest decline since December, oil services firm Baker Hughes said in its closely watched survey on Friday.

    That compares with declines of 41 and 56 rigs in the prior two weeks and is a sign the collapse in drilling over the past few months has slowed.

    With the decline this week, the number of oil rigs has fallen for a record 16th week in a row to the lowest level since 2011, according to Baker Hughes data going back to 1987.

    Despite the reduction in oil-directed rigs by about 49 percent since hitting a record high of 1,609 in October, the more than 50 percent decline in oil prices since the summer have forced U.S. energy firms to slash spending and idle wells but have not yet slowed oil output.

    U.S. oil production hit 9.4 million barrels per day (bpd)last week, the highest since the early 1970s, according to the U.S. government data, as drillers focus on their most productive acreage, become more efficient at extracting oil from existing wells and complete previously drilled wells.

    U.S. crude futures this week rebounded to over $50 a barrel this week from a six-year low near $42 last week on worries oil supplies from the Middle East could be disrupted due to the Saudi Arabia-led air strikes in Yemen. But by Friday, worries over Middle East disruptions eased and prices were down about 3 percent.

    "At wellhead prices of $40 a barrel or less, half of incremental production is still profitable," analysts at Bank of America Merrill Lynch said in a report.

    The bank anticipates the U.S. oil rig count will continue to decrease in the second quarter b

  • Reply to

    No worries here...

    by dothemath_1 Mar 26, 2015 2:27 PM
    larrydett larrydett Mar 27, 2015 12:42 PM Flag

    Liz, or whoever you are, that was cute. :-)

  • Reply to

    Last one out.....

    by tyler.elizabeth Mar 25, 2015 5:58 PM
    larrydett larrydett Mar 26, 2015 1:04 PM Flag

    They had the lights on to make the latest 4000 that's out the door for an onshore application per today's PR. ....perhaps follow-on orders in the years to come....

  • larrydett larrydett Mar 26, 2015 1:02 PM Flag

    Maybe they need to contact " Hans-Christian Freitag, vice president of technology for the drilling services company Baker Hughes."

  • Reply to

    New Era

    by badgertodd2012 Mar 25, 2015 9:16 AM
    larrydett larrydett Mar 25, 2015 12:13 PM Flag

    "some day" - how about "some year" as I've been around for 5 YEARS in this, so far, loser.

  • Reply to

    Interior dept's new Fracking Regulations

    by tall.rocker Mar 20, 2015 12:21 PM
    larrydett larrydett Mar 24, 2015 8:30 AM Flag

    I was thinking along these lines for treating all that bad stuff in pits:
    On March 3, 2015, the USPTO issued a formal Notice of Allowance for Patent # 8,968,577, which is a process patent for treating fluids. This latest patented invention relates to fluid treatment and, more particularly, to an improved treatment apparatus for destroying aerobic and anaerobic bacteria in fluids used in oil and gas recovery and conditioning of said fluid for reuse.

    The treatment system provides a cost efficient and environmentally friendly process and apparatus for cleaning and recycling fluids as contaminated as frac water, used to stimulate gas production from shale formations, as well as other types of fluids having various levels of contaminants such as aerobic and anaerobic bacteria and suspended solids. The calcium carbonate scaling tendency is reduced to an acceptable level without the use of acids, ion exchange materials, or anti scaling chemicals which is of economical and environmental significance and benefit.

  • Reply to

    Anybody see tonight's 60 Minutes?

    by larrydett Mar 22, 2015 9:58 PM
    larrydett larrydett Mar 23, 2015 5:29 PM Flag

    TRER got a very slight boost on 298,000 shares traded today.

  • Reply to

    Anybody see tonight's 60 Minutes?

    by larrydett Mar 22, 2015 9:58 PM
    larrydett larrydett Mar 23, 2015 11:54 AM Flag

    As I live and breathe, TRER put out a PR re 60 Minutes and the interview with one of their consultants that appears to have sparked some life in the volume and PPS. Next should be the JV announcement and then a PR on further process results from K-Tek. They persist in hinting that they want to get rid of the property since they obviously can't take the development of it to its full potential by themselves. Hate to say it, but we need some type of crisis to wake up people as to the value in that pile. As always, time will tell.

  • I could only stick around for the preliminary tease but they said that the F35 fighter takes 1/2 TON of RREs per plane!!! They finished showing an "expert" saying that China is the main supplier and that they could shut off supplies in a minute. TRER is a national treasure, IMO, and I bet their potential JV partner thinks the same thing.

  • Reply to

    Rig Count

    by rainbow3100 Jan 30, 2015 5:07 PM
    larrydett larrydett Mar 22, 2015 12:50 PM Flag

    Port #1 
    GRU +3.43% 4.83
    DBA +1.30% 22.55
    CORN +2.43% 25.27
    WAG 0.00% —
    WMT +2.11% 83.24
    Natural gas production growth untamed despite fewer rigs
    By Alex Chamberlin 18 hours ago
    US rig count dips again after a breather (Part 10 of 11)

    Since mid-2011, natural gas production has increased, even though there are fewer natural gas-targeted rigs in operation. In February 2015, the US Energy Information Administration (or EIA) released its report Short-Term Energy Outlook. The report noted that dry natural gas production is set to increase to 72.80 billion cubic feet (or Bcf) per day in 2015 and to 74.38 Bcf per day in 2016. In 2014, the EIA expects the US to produce 70.17 Bcf per day of dry natural gas.

    EIA findings

    As a point of reference, the EIA believes natural gas production averaged an estimated ~69.3 billion Bcf per day during the first half of 2014. In keeping with this trend, US dry natural gas production surged 5% in December 2014 over the previous month.

    In contrast, the number of natural gas rigs has continued to decline over the past three years. From ~930 in October 2011, the count is now down to ~268 as of March 6, 2015.

    The EIA’s preliminary numbers show that natural gas production growth is set to continue into 1Q15, driven by higher production in the Marcellus Shale, Eagle Ford Shale, and Utica Shale. Some key energy companies that expect to benefit from higher production in these shales include DVN Energy (DVN), EOG Resources (EOG), Cabot Oil & Gas (COG), and Pioneer Natural Resources

  • Reply to

    Interior dept's new Fracking Regulations

    by tall.rocker Mar 20, 2015 12:21 PM
    larrydett larrydett Mar 21, 2015 10:06 PM Flag

    Certainly going to help some companies that address waste water cleanup and maybe Ozonix is one of those techs. No more storage of waste water in open pits is one of the opportunities.

  • larrydett by larrydett Mar 17, 2015 4:51 PM Flag

    hardly budged. another head-fake? time will tell but I would think that the 4/15 date to do the deal might be quite conservative as I'm thinking that K-Tech wants to get the JV done even as they process TRER's stuff at their site while they negotiate. They smell a possible good deal, IMO.

  • larrydett larrydett Mar 16, 2015 12:40 PM Flag

    how about this: REMX

  • larrydett larrydett Mar 16, 2015 12:33 PM Flag

    I know I saw an article on HREEs but when and where I don't remember so can't help you.

  • larrydett larrydett Mar 12, 2015 8:02 PM Flag

    Go for it! I have all my temperament can stand so I'm in wait and hope mode.

  • larrydett larrydett Mar 10, 2015 2:26 PM Flag

    Loading up before 4/15? :-)

  • Reply to

    Finally a sales agreement

    by warrenw6630 Mar 3, 2015 7:18 AM
    larrydett larrydett Mar 5, 2015 5:06 PM Flag


  • Reply to


    by wurtzin Mar 4, 2015 3:44 PM
    larrydett larrydett Mar 5, 2015 1:05 PM Flag

    Yes, it's a 2-way street. Great in an up market for the stock and not good in a down market. I'm in a couple others with a very small floats and just no real push one way or the other. Waiting for news that will get them moving BUT the companies have to have a plan to get the "good news" out to the investing public. Putting out a nice PR to maybe 50 current stockholder readership doesn't do it.

  • Reply to

    How long?

    by mwalk65 Feb 20, 2015 9:40 AM
    larrydett larrydett Mar 5, 2015 12:13 PM Flag

    Hell, I said that years ago!

  • Reply to

    Another reversal to add to my list of them

    by larrydett Mar 4, 2015 3:48 PM
    larrydett larrydett Mar 5, 2015 11:52 AM Flag

    True, but if there was nothing much before the reversal and nothing much afterwards, the PPS eventually craters again.

0.170.00(0.00%)Mar 26 3:10 PMEDT