Energy lifer and mostly regretting it. Founder of AFE Leaks. 25% value add, 75% dad jokes. OXY always submits a counter-bid.https://xitter.gq/t.co/kLoinkva4J
Houston
Joined November 2019
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Interesting tidbit from New Mexico OCD filings today:
ocdimage.emnrd.nm.gov/imagin…
Empire Petroleum ($EP) is fighting Goodnight Midstream over saltwater disposal near its Eunice Monument South Unit in Lea County, NM. Goodnight filed its response to an OCD show-cause order on Oct 26, with 339 pages of exhibits. A few numbers from it 🧵
4/ The exhibits include ~$1.8M of vendor liens and suits:
- AnTech: $1.17M, coiled tubing drilling, ND
- SLB: $352K, four wells, Madison Co., TX
- Richard's Energy Compression: $153K, NM
- R Construction: $65K, TX
- Expanse Electrical: $49K, NM
After 13 years of marriage and 19 years together, my wife finally gave in and just sent a list of things she wants for her birthday.
Every QB in the NFC East could go down and the #Cowboys would still find a way to lose the division.
My wife was quite upset that I fed her information from the husband of our couple friend that they were having baby number 2 but I didn’t think to ask the sex. Feels like that’s the most info I’ve ever retained from a friend and she should be ecstatic
Less than 100 yds of offense. Put in the backup. Reed is washed, might as well start giving the backup experience
Oof massive overpay for DVN Eagle Ford globenewswire.com/news-relea…
Faux Me Right? retweeted
Hess Midstream's investor call: The contract-liability accounting nets to a small number in 2027, so the ~$900M baseline EBITDA is close to cash. Adjusted FCF of ~$575M covers a ~$415M distribution with ~$160M left over.
Leverage moves from ~3x to 3.75–4.0x because EBITDA resets lower; debt stays roughly flat. Chevron gives up ~$260M a year of HESM distributions and the GP in exchange for lower Bakken fees through 2045 and $200M.
HESM will stop publishing its Bakken minimum revenue commitments, the clearest public read on Chevron's drilling plans. The 2030 commitment gets set next year and won't be disclosed. State spud and rig data become the main check.
Chevron will divest Hess Midstream interests and DJ Basin crude-midstream assets; it estimates a USD 3–4B after-tax special-item loss at closing. via Chevron 8-K sec.gov/Archives/edgar/data/… #AFELeaks
Faux Me Right? retweeted
Matador's Lea County Woodford Tests Hit the AFE Leaks Db
afeleaks.substack.com/p/mata…