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Rubicon Minerals Corporation Message Board

winallin12 146 posts  |  Last Activity: 20 hours ago Member since: Mar 30, 2012
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  • Reply to

    Zaza's Sweetheart ORRI assignments

    by rb1136 Oct 21, 2014 1:33 PM
    winallin12 winallin12 Oct 21, 2014 2:15 PM Flag

    RB

    You are one of many, and I mean many, first time ever yahoo posters on this board who have all set out to tell us how evil ZAZA is and why we should stay away. my guess is that many of these posters are one in the same. I don't know if your find is true or false but generally a note to the company will clear it up.

    Why don't you give them a call.

    I am still amazed at how many people post on Yahoo for the first time ever on this board

  • Reply to

    Vertical well announcement

    by touchdowncity458 Oct 20, 2014 11:18 AM
    winallin12 winallin12 Oct 20, 2014 11:49 AM Flag

    All 3 are EOG wells, Toby is in Walker country, the other 2 are in Madison county

  • winallin12 winallin12 Oct 20, 2014 9:05 AM Flag

    Below is from the PR. This is strong news no matter how you cut it

    "ZaZa’s internal models indicate similarly strong economics of greater than 50% IRR for both horizontal and vertical wells, assuming horizontal well costs of ~$9.5 mm, vertical well costs of ~$4.5 mm, ~$80 oil, and ~$3.70 per mmbtu gas.

    With respect to its horizontal program, the Company is expecting completion procedures to be underway by the end of the month for the Josey Wales #1H, which targets a formation similar to the McAdams 1H, and is currently drilling the lateral portion of the Colburn #3H, which will be our first horizontal test of a deeper, known productive formation."

  • One year production numbers show 50% IRR for these wells based on $80.00 oil

  • Reply to

    Back in IONAF

    by smarter_of_moron_idiot_imbecile Oct 17, 2014 1:19 PM
    winallin12 winallin12 Oct 19, 2014 6:32 PM Flag

    Now we just need to get our old friend Deep back.

    Smarter, remember the ducks are supposed to feed you.

  • Reply to

    Back in IONAF

    by smarter_of_moron_idiot_imbecile Oct 17, 2014 1:19 PM
    winallin12 winallin12 Oct 17, 2014 3:37 PM Flag

    Welcome back, you are indeed smarter for bailing at the right time

  • winallin12 winallin12 Oct 17, 2014 3:34 PM Flag

    In TX railroad commission files under Walker county. Well name Master Kan

    Submitted 10/15/2014 798461 471-30378 NEW GULF RESOURCES, LLC (606085) MASTER KAN 1 03 WALKER Vertical New Drill - 12250 Drilling Permit

  • Modest but positive development

  • Reply to

    If history repeats.

    by blankczech9 Oct 15, 2014 1:08 PM
    winallin12 winallin12 Oct 16, 2014 12:18 PM Flag

    Like I said, we are just alone for the ride. Fortunately bouncing up yesterday afternoon and this morning.

  • Vertical well targeting Buda formation. 8.5 miles SE of Madisonville

  • winallin12 winallin12 Oct 15, 2014 3:42 PM Flag

    Anyway you slice it lower oil prices are a big plus to the world economy. A pick up in world economic activity will sop up the excess supply.

    What I took from the article is the US shale oil production may be far more resilient than expected. The real pain will be felt by Venezuela, Russia, Nigeria and others using oil income to support their socialist economies. Even the Saudis are at risk here as it is estimated they need mid 80 prices to pay for all of their social programs. Of course they have a big cushion in cash reserves.

  • Reply to

    If history repeats.

    by blankczech9 Oct 15, 2014 1:08 PM
    winallin12 winallin12 Oct 15, 2014 1:55 PM Flag

    If history repeats the up and down moves happen very very quickly and little guys like us are just along for the ride.

  • winallin12 winallin12 Oct 15, 2014 1:17 PM Flag

    Part 2

    "ompanies are getting more oil per dollar spent drilling, driving costs down by as much as $30 a barrel since 2012, Morgan Stanley analyst Adam Longson said in a report Oct. 13.

    Lower Prices

    “Prices aren’t low enough to put these projects at risk,” Matthew Jurecky, head of oil and gas research for the London-based research company GlobalData Ltd., said by e-mail yesterday from New York. “The profit margin on most commercial unconventional oil plays will support prices as low as $50, many below that even.”

    U.S. shale producers could keep pumping oil economically even if Brent dropped to $60 a barrel, Bjornar Tonhaugen, an analyst with Oslo-based Rystad Energy, said in an e-mailed report yesterday. Brent would need to remain at $50 a barrel for 12 months for North American shale output to drop by 500,000 barrels a day, he said. Morgan Stanley (MS) said break-even costs at the Eagle Ford shale formation in Texas range from $30 to $60 a barrel.

    “We continue to be impressed by how much operators are improving their operations,” R.T. Dukes, an upstream analyst for Wood Mackenzie Ltd. in Houston, said yesterday by phone. “There’s enough out there that significant development would continue even at $75 or $80.”

  • They just may find that US Shale production is more resilient than they have hoped for

    "Saudi Determination

    Saudi Arabia has “appeared determined to defend its market share” in Asia, even at the expense of lower prices, the IEA said in a report yesterday. Kuwait’s oil minister said there may be “no room” to restore prices by trimming supply. Saudi Arabia, Iraq and Iran are offering the biggest discounts to crude buyers in Asia since at least 2009, amid speculation they are seeking to maintain market share.

    “It makes perfect sense for Saudi Arabia to let the price drift down,” said Jamie Webster, an analyst in Washington at IHS Inc. “There’s a lot of discussion on what is the break-even price for shale, and whatever you believe, the reality is there’s no clear consensus. It gives the Saudis the opportunity to test” that level, he said.

    Iran, OPEC’s fifth-biggest supplier, isn’t concerned about the drop in prices, which will pass, Roknoddin Javadi, deputy oil minister and managing director of National Iranian Oil Co., was quoted as saying by Mehr, the state-run news agency.

    Break-Even Costs

    About 2.6 million barrels of daily production, or 2.8 percent of global output, requires an oil price of $80 a barrel or more to be profitable, the IEA said. Only about 4 percent of U.S. shale output needs prices above that level, it said. Canadian synthetic oil projects are the most dependent on high prices, with about a quarter needing oil to remain above $80, the agency said.

    Horizontal drilling and hydraulic fracturing in hydrocarbon-rich underground shale layers have helped U.S. oil production grow 65 percent in the past five years to the highest level since 1986. That’s reduced crude imports by more than 3.1 million barrels a day since peaking in 2005.

    Production per well was projected to increase in fields in North Dakota, Texas and Colorado, the Energy Information Administration said yesterday. Companies are getting more oil per dollar spent drilling, driving costs

  • winallin12 winallin12 Oct 15, 2014 10:05 AM Flag

    There is no fixed number. It will vary by well and drilling unit. Those in the heart of the play with the higher pressure wells and doing production pad drilling to reduce costs are going to be in the best shape. Add in immediate access to services such as gas, oil and water disposal pipelines and the costs go even lower.

  • The drop in oilers has been so huge that those traders with even modest margin in their account may find themselves in serious trouble. I have no doubt that margin calls are contributing to the drop we have seen in the market.

  • winallin12 winallin12 Oct 14, 2014 7:01 AM Flag

    The oil industry has added millions of jobs to the economy when nothing else worked. Have to agree with P47 that going back to $1.75 gas would be a big problem.

    Thing is it will never happen. Plentiful reasonably priced energy drives world growth and we are now in a period of plentiful reasonably priced energy. The world economy will quickly sop up this excess supply

  • winallin12 winallin12 Oct 13, 2014 1:14 PM Flag

    What it is is a huge prime to the world economy. If it gives the economy a jolt supply will tighten and prices will rise quickly.

  • winallin12 winallin12 Oct 13, 2014 8:38 AM Flag

    Pio

    You fail to understand the economics of these wells. Clearly many were drilled at less than optimum returns to hold the lease by production. The land in the Bakken is now 100% held by production. Now the goal is to lower cost and increase production. Cost are down by 40% or more. New and improved fracking techniques continue to show great results in improved production. These wells are reaching payout in 18 months or less. Well densities are up 16 per 1280 acre drilling unit and rising. There are decades of drilling opportunities left

  • Google this ..... Oil and Economic Growth
    A Supply-Constrained View

    A great pdf presentation giving a perspective on greater supply driving economic activity, not lower prices.

RBY
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