Tuesday, August 16, 2016

George Carlin On CAVE Dwellers; SeekingAlpha Contributor On The Eagle Ford -- August 16, 2016

For now, just this (strong language, it's George Carlin, after all):


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Would George Carlin Still Like The Eagle Ford?
Actually I'm Not Sure He Would Like Anything

From a SeekingAlpha contributor.
Summary:
  • New highs brought new found confidence to oil producers and a sense of relief that the oil market was headed towards recovery.
  • Producers in the condensate window of the Eagle Ford could still be facing differentials as high as $15/Bbl behind WTI.
  • The two main drivers of the lack of activity in the Eagle Ford are crude quality and capital scarcity. 
As one of the basins with premier acreage and economics, one would expect the Eagle Ford to see an increase in activity with the rise in prices. However, the Eagle Ford has fallen out of favor with the market despite improving well performance and declining costs. The two main drivers of the lack of activity are crude quality and capital scarcity.
Much more at the link, including a great "stratigraphic" of the Permian. 

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