Rosstin McDonald

If you didn't catch my interview earlier this week on the Permian Basin API Chapter page here it is again with Becky Applegath and Brooke Willhite Getting out and getting involved in the great organizations around the Permian has multiple benefits and we cover them here in the interview. Are you involved in any #oilandgas associations? #permian #api #completions #drilling #construction #safety #pipelines #facilities #scholarships

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Among Texas Wildcatters, There’s No One Like the Fearless Rod Lewis One of the best things to discover from a news piece reporting a new oil and gas deal is the story that lies behind it no one’s talking about. That is unless one is inclined to dive deeper to understand the decision maker behind the deal. Reese Energy Consulting today has done just that to feature a fearless, larger-than-life Texas wildcatter billionaire behind the wheel of his 35-year-old company who continues to bet big beyond the border. REC today is following the latest news from Lewis Energy Group (LEG), one of South Texas’ largest gas producers. No secret to folks in the Eagle Ford, the San Antonio-based LEG has never been content to limit the geography of its oil and gas thrill-seeking. Those decisions would fall to its leader, Rod Lewis—coined by Forbes as the “only gringo allowed to drill in Mexico”—who became the first U.S. producer to sign a contract with PEMEX in 2004. And more (ad)ventures lay ahead to include natural gas operations off the coast of Colombia and now Lewis’s latest cold plunge into politically-turmoiled Venezuela with a PDVSA deal to rehab five oilfields in decline—two of which currently produce 3 MBPD. The Biden administration on April 17 ended a sanctions waiver on Venezuelan oil. Lewis and his latest mission to build Latin America’s next energy platform are equally fascinating. Born in the border town of Laredo, Lewis launched his company in 1983 with a single gas well in South Texas and a hellbent ethos to control his own destiny. Over 35 years, he’s proved a quintuple threat stateside with the whole wellhead-to-market enchilada that includes a fleet of drilling rigs, oilfield services, saltwater disposal, end-to-end midstream services, and commodity marketing. Lewis also happens to own the nation’s largest collection of air-worthy WWII fighter planes. What do you think? Learn more about REC and our natural gas and midstream consulting services at https://lnkd.in/ebXT2mS. #entrepreneurship #energy #integration #oilandgas #reeseenergyconsulting

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With money being expensive, high ROI & IRR projects are in demand. Check out EAG's recent study on ReFracs in the Haynesville.

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Working on an #oilfield takes guts. In one of the most dangerous industries in the world, you need to make sure you know what you're working with. Stay secure with CDM Asset Tracking™. #oilgas #frac #fracking #drilling #permianbasin

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Working on an #oilfield takes guts. In one of the most dangerous industries in the world, you need to make sure you know what you're working with. Stay secure with CDM Asset Tracking™. #oilgas #frac #fracking #drilling #permianbasin

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Working on an #oilfield takes guts. In one of the most dangerous industries in the world, you need to make sure you know what you're working with. Stay secure with CDM Asset Tracking™. #oilgas #frac #fracking #drilling #permianbasin

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Petroleum inventories built while net exports decreased. The EIA reports are out and overall, we built 8.5 MMB to 1608 MMB, the highest level since January. We’ve built 29 MMB in the last four weeks. SPR built another 0.6 MMB to 166 MMB. Crude oil built 7.3 MMB to 461 MMB, the highest level since June of last year. Petroleum products built 0.8 MMB to 827 MMB, the highest level since May of last year. The latter two combined two built 7.9 MMB to 1242 MMB, a level not seen since last November. The build should help decrease gasoline prices. Overall exports were 1.3 MMB/D. That’s a net 2.9 MMB/D oil in and a net exports of petroleum products out of 4.1 MMB/D.  The result is a drawdown of 8.8 MMB for the week, about half of last week’s drawdown. That’s the third lowest drawdown since last September. Oil prices rose a dollar or two last week, depending on the source. WTI finished the week at $85.38/BBL. Add $4.57/BBL for Brent and $3.00/BBL for LLS. The 3-2-1 crack spread was also up $1.21/BBL to $20.31/BBL. Gasoline finished the week down 2¢/GAL. Henry Hub natural gas prices were down 2¢/MMBTU last week to $1.40/MMBTU while oilprice.com NG prices rose some 17¢/MMBTU to $1.92/MMBTU, still a bargain. Artificial intelligence has been a hot topic, and natural gas could be a big winner. Tsvetana Paraskova wrote in oilprice.com on April 25, “U.S. Natural Gas Could Be A Big Winner of The AI Boom”. The highlights: ·        Electricity demand to power the data centers is soaring and so is demand for grid connections. ·        As electricity demand from data centers is set to jump to as much as 42 GW by 2030, from 11 GW now, the U.S. would need an additional 8.5 billion cubic feet per day of natural gas. ·        Natural gas demand for power generation is set to jump in the second half of this decade, and U.S. benchmark natural gas prices could average as much as $4 per million British thermal units. It certainly hasn’t shown up in the power consumption stats. Last year power consumption went down. I’ll continue to keep an eye on electric power consumption...and natural gas prices. Benoit Morenne, David Michaels and Collin Eaton wrote “Former Pioneer CEO Is Accused of Trying to Collude With OPEC”, updated today in the WSJ. “The former CEO of shale oil company Pioneer Natural Resources…attempted to collude with OPEC officials to raise oil prices, U.S. antitrust enforcers said in an unusual order that barred the executive from Exxon Mobil’s XOM…board and could lead to a criminal probe... “The allegations, unveiled by the Federal Trade Commission on Thursday, come as Exxon Mobil struck an agreement with antitrust enforcers not to add Sheffield to its board of directors. The agreement allows Exxon to close a $60 billion stock deal to acquire rival Pioneer as early as this week.”

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Traditional #midstream is great, but customers are underserved, clearly. #disruption is coming, embrace it, grow the market - start moving electrons and molecules. Think outside the pipeline. #digitalmidstream #bitcoin #bitcoinmining #ai #datacenters

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At the recent SUPER DUG conference, Nick McKenna of ConocoPhillips spotlighted the Permian Basin as the cornerstone of growth within their Lower 48 portfolio. With significant investments in drilling efficiency and a strong commitment to sustainable practices, including a 52% use of recycled water in operations, the company is setting new standards in resource development. This strategic focus aligns perfectly with our core acreage and operational objectives at Fairfield Geotechnologies, enhancing sustainability and driving robust cash flow growth. #EnergySector #Sustainability #PermianBasin This strategic focus enhances operational sustainability and drives robust cash flow growth. #EnergySector #Sustainability #PermianBasin https://lnkd.in/gGCvr672

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Just a quick reminder on gas production: yes, the Permian is an incredibly important gas basin. But that is due principally to the sheer number of Permian wells. The average recent Appalachian well produces ~7x the gas of a Permian well. Permian gas growth has been breakneck, but Appalachia is still 👑 Data here for 2022 wells, normalized to 10,000'.

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Texas Oil Industry Thriving, In Spite of DC! The Texas oil and gas industry is booming despite federal hurdles, as reported by The Center Square. March saw record-breaking job growth in the upstream sector, with 4,500 new jobs, marking the highest increase since 2011. This growth underscores Texas' vital role in energy production, employing over 195,500 individuals in the upstream sector alone. Since September 2020, the industry has seen consistent job increases, adding 39,500 jobs in total. This not only drives economic growth but also enhances energy security nationally and provides stability globally. Todd Staples and Ed Longanecker, presidents of industry associations, emphasize Texas' significance in meeting global energy demands. However, Longanecker warns against federal policies hindering the industry's progress. With over 200 policies introduced since January 2021, there's a risk of job losses and energy instability. Despite these challenges, Texas continues to set records, boasting the largest workforce in its history. In conclusion, The Center Square's report highlights Texas' thriving oil and gas industry, resilient in the face of federal obstacles. It underscores the industry's importance in the state's economy, national security, and global energy landscape, while also cautioning against the potential impact of misguided federal policies. If you would like to learn how to receive a monthly royalty check, contact us now. Thank you! Visit our website. Listen to and like this video then Subscribe to this channel. Uncover ways to use Self Directed IRA and 1031 Exchange funds to purchase a mineral property. Do you have a strategy to protect your wealth from recession, inflation, stagflation, hyperinflation or the energy crisis? We offer FREE reviews if you are evaluating an oil well drilling or re-work deal. Give us a call or send us an email. #oilandgasindustry #minerals #mineralresources #energy #naturalgas #oilandgas This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.

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The SPE Drilling and Wells Interoperability Standards group proposes a dual-path strategy to overcome the technical and commercial barriers facing the advancement of #drilling automation. https://lnkd.in/eyk45bTb

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Last week SM Energy made a splash by jumping into the Uinta Basin and picking off XCL Energy. A few thoughts: A) XCL has done an impressive job of applying great technical work to operations and improving results. Their wells rival Permian producers (and in cases out pace SM's own results). B) Permian locations are expensive, and SM ultimately decided that paying ~$2M per location in the Uinta was a better choice than paying double or more that in the Permian. C) Entering a basin they currently don't operate in means no synergies/efficiencies. And they have to pick up and carry the technical torch XCL had applied so well // can they do it? Also the Uinta is famous for waxy crude that has huge deducts once it transports out of basin. Bottom line SM Energy overpaid. BUT the next few years will truly tell. Would they have been better off to stay Permian? Add more Eagleford? Touting 2.9x EBITDA at $78/bbl and $3.25 MMBtu is aggressive. Paying that much for locations in a basin you don't currently know is a lot. Having to bring in a non-operator to share risk is interesting (Freaking love that play by $NOG though 👏🏼 )... You have to be willing to make bold moves at times, and this is BOLD. Will this deal be the new rule, a one-hit wonder, or a dud? Below is a great look at the deal courtesy of Ted Cross & Novi Labs

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The US Gulf Coast region faces a significant risk of natural gas basis dislocation through the next five years due to midstream challenges arising from the interplay of growing export-driven demand and the expanding supply of associated gas from the Permian Basin. Adding to the complexity are the regulatory hurdles in constructing new interstate pipelines. In yesterday’s live briefing, we discussed the key takeaways from our US Gulf Coast Gas Midstream Dynamics: View to 2030 analysis, considering recent market developments impacting supply and demand, and how they might change the outlook. #globalgas #outlook #shalegas #midstream #pipelines #bidenadministration

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Finally making steps to get this project started.

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📣 NEW FEATURE ALERT 📣 Improving workflow for wellsite supervisors!   As companies continue to increase frac stages, data entry continues to become more time consuming. With Petrosight's new Perf Loader, managing operations has never been more efficient. Our innovative tool saves a staggering 95% of upload time, meaning that what once took an hour now takes mere minutes ⏳   Experience the power of streamlined operations and reclaim your time for what truly matters. Try it now and see the difference!   #Petrosight #PerfLoader #Efficiency #SaveTime #OilfieldOperations #ReportingSoftware #OilGas

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Study: Time Running Out for FID on Next Permian #NatGas Pipeline To meet natural gas takeaway demand by 2026, a final investment decision on a new #Permian #Basin pipeline will be needed before the end of the year, according to Enverus analysis. Read More: https://lnkd.in/g9Av9e9F

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Permian Basin Oilman’s Shootout September 12,13 2024 Windwalker This is the only shoot I know of that gives back all the money to the shooters. We have sent out emails to the shooters from last year. We have sent out emails to the first part of the waiting list. Emails came from KatyBaker@propetro Lots of them are going to Junk or Trash so please check. The second round of the waiting list is about to be released. 1200 shooters in 6 rotations. 5 Fancy (painted) gunboards per rotation. 20- $500 cash prizes per rotation. Prizes awarded after each rotation. 2 person team is $900 Janie@pboilmans.com to get on the final waiting list. If you haven’t contacted us and you shot last year - you better hurry. We are down to about 125 teams left and there are that many not responding from last years shoot.

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