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EXCO Resources Inc. Message Board

t_c16 142 posts  |  Last Activity: Jul 24, 2014 8:11 PM Member since: Jun 26, 2009
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  • Reply to

    re-fracing

    by t_c16 Jul 24, 2014 11:36 AM
    t_c16@ymail.com t_c16 Jul 24, 2014 8:11 PM Flag

    Re-fracing is new and is rarely done. You are confusing a work over with re-fracing. At $1m a pop, they are not going to do re-fracing every 3-4 years, even if the well bore could handle that many more perforations.

  • t_c16@ymail.com by t_c16 Jul 24, 2014 11:36 AM Flag

    For long-term bulls, they may want to listen to EnCana's CC and at almost the very end they talk about re-fracing in the Haynesville. For $1m, the go into an older well and re-frac it and the production really increases and the payout is measured in months. This is all new and the data set is small and the repeatability is uncertain, but it could be big news for Exco as they are running out of drill sites in the core Haynesville.

  • Reply to

    ECA earnings and CC tomorrow - 9 am

    by atl_gator_1 Jul 23, 2014 3:54 PM
    t_c16@ymail.com t_c16 Jul 24, 2014 7:44 AM Flag

    Unfortunately, EnCana provided no info. This all they had to say about the TMS.
    •Tuscaloosa Marine Shale: All wells drilled in the play so far in 2014 are generally meeting expectations. Six net wells have been drilled year-to date and two rigs will run through to year-end.

    Maybe on the CC, analyst will get the company to provide more info.

  • From Sanchez. The first well curse.
    Our first TMS well, the Dry Fork East #2H, in Wilkinson County, Mississippi was spud in late May and reached total depth earlier this month within the planned time-frame. During clean out prior to running production casing, the drill string parted due to defects in the drill pipe. We are now in the process of sidetracking the lateral portion of the well and expect to have casing run within two weeks. The lateral exhibited strong hydrocarbon shows during drilling, confirming our expectation of a good well. The TMS rig will run continuously throughout the year, allowing us to spud up to four gross operated wells in addition to participating in 10 – 15 gross non-operated wells. We increased our TMS net acreage position during the second quarter from approximately 40,000 net acres to 58,000 net acres, largely through bolt on acreage positions. We expect other TMS operators to continue ramping up their activity and further de-risk various portions of the play.

  • t_c16@ymail.com t_c16 Jul 21, 2014 7:17 AM Flag

    Peak oil was suppose to happen a decade ago, so I am a little skeptical about calling for the end of oil finds in the US.
    Who ever, come up with the conclusion section, seem to be lacking some knowledge. They completely forgot that the Permian basin may become the biggest oil field in the US and the Appalachian shale (Marcellus) currently provide 16% of NG production (I wouldn't call that minor) and its still growing

  • Reply to

    Hopes, Fears, and other ramblings

    by pfzelechoski Jul 17, 2014 10:38 AM
    t_c16@ymail.com t_c16 Jul 17, 2014 11:58 AM Flag

    A Malaysian airliner was shot down over eastern Ukraine by militants on Thursday, killing all 295 people aboard, a Ukrainian interior ministry official was quoted as saying by Interfax-Ukraine news agency.

    This type of news causes human traders to hit the sell button and they find out the facts later.

  • Reply to

    86 infusion

    by neiljneil Jul 17, 2014 10:12 AM
    t_c16@ymail.com t_c16 Jul 17, 2014 11:54 AM Flag

    As I posted on June 26
    The worry is that, will the NG industry be able to slow the increase in NG production if we get a normal to warm winter. If not we will go from a large storage deficit to over flowing storage and $3 NG.

    As I posted on on July 9
    This supply freight train will fill up storage and then continue barreling over the price cliff. We need either the industry to apply the brakes, not likely, or have mother nature provide another really cold winter. Hoping mother nature bails you out is more like gambling than investing.

    I got slammed for both calls, yet here we are.

  • t_c16@ymail.com by t_c16 Jul 16, 2014 10:07 AM Flag

    I got this from TMS facebook. This lease is in Tangipahoa Parish. I look at this as good & bad news. Its good that lease prices are going up and hopefully all the acreage will see similar increases. But, bad new for operators that want to lease more land. A lease bonus of $1,657/acre, with a 25% royalty, paid to a mineral owners is one of the highest so far in the TMS.

    In other news, the Board voted unanimously to award HK TMS, LLC of Houston an oil lease on the district’s 643-plus acres of 16th Section property in the northeast corner of the parish.
    The land, commonly referred to as the “Lewiston tract” will be leased at a rate of $1,066,312.60 minimum bid, plus annual rental of $828.50 per acre or $1,657 per acre bonus rate. If the land strikes oil, the district will be eligible for a 25 percent royalty on the oil produced.
    The lease is scheduled to last just three years, and the documents must first be presented to the state Mineral Rights Board for approval before the district can proceed with the contract.

  • t_c16@ymail.com t_c16 Jul 15, 2014 9:32 AM Flag

    So says the person who calls demonts_broke, Dumbmont. Racist (and other hateful) comments usually start as derogatory name calling. There is a difference between calling an idea stupid and calling the person stupid We all need to post as we preach.

  • Reply to

    Did you see KOG got bought out over the weekend

    by takithom Jul 13, 2014 4:53 PM
    t_c16@ymail.com t_c16 Jul 13, 2014 7:33 PM Flag

    Its a small premium based on KOG's last 60 day stock price. The "in all stock" means that if KOG shareholders think that their company is valuable they can continue to hold and have stock appreciation in the new company. This deal doesn't hurt investors in KOG (up 60% in a year) , but it hammers speculators in KOG.

  • Reply to

    Reality check

    by roustyboy Jul 12, 2014 11:42 AM
    t_c16@ymail.com t_c16 Jul 12, 2014 1:44 PM Flag

    Disney doesn't represents "hopes and dreams". Obviously you have never seem a Disney animated movie or visited one of their theme parks:)

  • Reply to

    Entry point could be lower?

    by omersxual Jul 11, 2014 10:22 PM
    t_c16@ymail.com t_c16 Jul 12, 2014 8:58 AM Flag

    It depends on your view on what the broad market & biotechs will do, between now and when OMER releases significant news.

  • t_c16@ymail.com t_c16 Jul 11, 2014 4:19 PM Flag

    When I said "It means nothing", I was addressing whether these buys had any bearing on the upcoming earnings. With all the regulations & scrutiny in regard to insider trading, only a very stupid executive and/or a company with very lax corporate governance would trade shares on short term events. I think buying or selling of shares are more based on the medium/long term view of the company.

  • Reply to

    NG prices YTD

    by artsbest Jul 11, 2014 8:56 AM
    t_c16@ymail.com t_c16 Jul 11, 2014 10:34 AM Flag

    Those best business minds are not focused on XCO. If you listen to Wilbur yesterday on Squawk Box he is focused on Southern European banks. We still need a CEO for all the day to day stuff that happen at companies. Advice is useless if you don't have some one to execute/coordinate on the advice.

  • t_c16@ymail.com t_c16 Jul 10, 2014 3:28 PM Flag

    It means nothing. These shares are just part of their salary, it has the same meaning as if they cashed their pay check. When they spend their own take home pay, then I am more interested.

  • Reply to

    NG pricing

    by artsbest Jul 8, 2014 8:49 AM
    t_c16@ymail.com t_c16 Jul 9, 2014 10:49 AM Flag

    June natural gas production was up 0.3 percent from May to a total 68.1 billion cubic feet per day, the highest monthly production average on record. Data from Bentek Energy, the forecasting unit of Platts, show June's average was 5.4 percent higher year-on-year and any records set for June should be broken at some point this month.

    This supply freight train will fill up storage and then continue barreling over the price cliff. We need either the industry to apply the brakes, not likely, or have mother nature provide another really cold winter. Hoping mother nature bails you out is more like gambling than investing.

  • Reply to

    Crosby 12-1H #1 Production up over 5%

    by zoom_bee Jul 3, 2014 12:56 PM
    t_c16@ymail.com t_c16 Jul 8, 2014 9:49 AM Flag

    IMHO the earliest is 2-3 weeks. But since that will be close to earnings, I would not be surprised if they wait and release any/all well results with earnings. With the Eagle Ford, Goodrich started with announcing every individual well result and then started releasing info on groups of wells and now they just give total production numbers of the Eagle Ford. I expect the same sort of progression with the TMS.

    To be honest 2 of the next 3 wells could be only so-so wells. The SLC well is also in LA and on trend with the Beech Grove, so are there issues with the deeper TMS(?). The Bates well is pretty far north in Amite county, so its performance may be like the Nunnery well. The Denkmann well should be a good well, hopefully the name is not cursed, since the first Denkmann well was Goodrich 1st well and greatest failure (dry hole).

  • t_c16@ymail.com t_c16 Jul 7, 2014 11:20 AM Flag

    I am betting on bad rock, as I think that Goodrich would have announced details if the drilling/completion went wrong. If a play is going to have sweet spots, it makes sense to have dead spots, as all that organic material moved around millions of years ago.

  • Reply to

    Crosby 12-1H #1 Production up over 5%

    by zoom_bee Jul 3, 2014 12:56 PM
    t_c16@ymail.com t_c16 Jul 7, 2014 11:12 AM Flag

    We have well news and it wasn't pretty. The sellers on Thursday, knew what they were doing. Lucky, we have more well results up coming, so hopefully they are good and Wall Street can forget this well.

  • Reply to

    TMS Update

    by oilman2345 Jul 5, 2014 7:19 AM
    t_c16@ymail.com t_c16 Jul 6, 2014 9:30 AM Flag

    As TMS facebook has been posting in regard to MS permits, the units in the TMS are very large. One advantage the TMS has over the Haynesville, other than oil vs. NG, is that with these large units 1,500 vs. 640 the time and number of wells needed to get their acreage HBP will be much shorter and fewer number of well, so development can start sooner.

XCO
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