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Strategies & Market Trends : Quantum Economics.......2012 and Beyond
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To: dvdw© who wrote (1301)1/1/2025 9:33:26 PM
From: robert b furman2 Recommendations

Recommended By
dvdw©
toccodolce

   of 1311
 
hI dVDW,

Wishing you a Happy and Prosperous 2025.

Have you heard about the Caterpillar diesel engine that runs on BIFUEL?

It has a compression sensor that is fit in the combustion cylinder and maximizes the blend between diesel and natural gas.

Two major advantages:

Reduces the carbon footprint of any drilling rig utilyzing them

Saves about 1 million every 1000 hours of operation.

Innovative drilling/frac,cementing completion, and seismic work, firm developed "Force FRACKING FLEET. Pioneer Resources) (which has been bought by XOM, was part owner of a joint venture which IPO'd PUMP (ProPetro). Pioneer had thousands of shares which XOM retained and disclosed a change of ownership to the SEC.

Permian Resources (PR) who exclusively explore in the Permian, have exclusively deployed the BI-Fuel diesels for creating on site electricity.

They claim the lowest cost at drilling a lateral foot on drill stem.

They just bought $800,000 worth of acreage from OXY in the Delaware section of the Permian.

Merging acreage which allows 4 mile laterals, bi fuel energy creation on site,all are adding up to higher margins via lower costs per barrel.

Some say they can now be profital at a WTI of $35.00.

Some sat the Permian has plateaued in production. Hubbert curve says a plateauwhen 50% of the field has been harvetsed. Hi grading the best firlds now requires 2 tier locations.

Lower costs justify drilling second teir locations.

There is a drilling well productivity gain well on the improvement and it is being kept hush hush.

Lots of discussion about an oil glut in 2025.

Some say pricing will not decline as Venezuela and Iran will take the hit via sanctions and give the world crude price stability. Price stability with lower cost = greater margins on the same level of production.

Interesting things showing innovation in the oil patch.

I hope this finds you and family in excellent health and prosperity.

Take a look at PUMP and PR, I'd love your view.

I have positions in both and find them very innovative and leaders in drilling.

Warmest Regards,

Bob
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