Houston..we have a problem....

7,927,693 Views | 29463 Replies | Last: 4 hrs ago by Aggie71013
nosoupforyou
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to nosoupforyou • 5:54p, 10/15/25
AG
nosoupforyou said:
Did this deal close at the end of Q3 as expected and who bought the DJ Asset from Civitas?


Civitas said in its earnings release it had executed two agreements to divest non-core D-J assets with a total value of $435 million before customary closing adjustments.


This is a wild secret it seems - sheesh!! Anyone ??
Reply Quote
techno-ag
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Maroon Elephant • 8:05p, 10/15/25
AG
Maroon Elephant said:
Lots of furloughs in frac services in the Permian and Haynesville last week. This has that 2014 feel to it.

$40 oil will do that.
The left cannot kill the Spirit of Charlie Kirk.
Reply Quote
Ag CPA
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Gaeilge • 8:40a, 10/16/25
AG
Gaeilge said:
PeekingDuck said:
OPEC increasing production, global strife tempering, and US rig count kind of stagnant since June. Don't see any catalyst for it to stabilize...

Trump claims India won't be buying Russian oil much longer, so there's that.

Not helping much, probably because everyone knows that India is full of *****
Reply Quote
1
Gordo14
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Ag CPA • 10:25a, 10/16/25
Ag CPA said:
Gaeilge said:
PeekingDuck said:
OPEC increasing production, global strife tempering, and US rig count kind of stagnant since June. Don't see any catalyst for it to stabilize...

Trump claims India won't be buying Russian oil much longer, so there's that.

Not helping much, probably because everyone knows that India is full of *****


https://www.bbc.com/news/articles/c8eykdy0567o

Probably like how Trump also totally solved the India Pakistan conflict.

Even if they did stop buying Russian crude, it would find its way to market. Whether it be China or blending or some other country. Commodities always find a way.
Reply Quote
Comeby!
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
1:55p, 10/16/25
AG
Spoke to someone from the ME who has a seat at the OPEC meetings. A certain member is planning on bringing on a ton of production and expect oil in the 50's but won't let it get to the 40's. They are expanding their gas capacity significantly. I need to validate the volumes before I comment on it. Hold on to your hats.
Reply Quote
8
Gaeilge
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Comeby! • 2:10p, 10/16/25
So short USO?
Reply Quote
1
txaggie_08
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Comeby! • 2:27p, 10/16/25
AG
Comeby! said:
Spoke to someone from the ME who has a seat at the OPEC meetings. A certain member is planning on bringing on a ton of production and expect oil in the 50's but won't let it get to the 40's. They are expanding their gas capacity significantly. I need to validate the volumes before I comment on it. Hold on to your hats.

Reply Quote
2
Sims
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Comeby! • 4:26p, 10/16/25
AG
Sounds mostly like ADNOC/UAE. Lower Zakum has a great breakeven and Upper Zakum uses a lot of the same infrastructure. They've got aggresive gas production plans. Lastly, the comment about not letting it get into the 40's seems like the giveaway given their participation in GCC.

Reply Quote
Sims
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:26a, 10/21/25
AG
Anyone involved in DLE (lithium extraction)? I'm interested to see if there might be some crossover between DLE equipment and what we typically are producing for our oil&gas customers - 2 & 3 phase separation, distillation towers, pipe/header skids etc. We do all of our own internal and external coating so there may be tolling opportunities there.

I was thinking along the lines of brine degassing, oil/brine separation, sand jetting, epoxy coatings etc.
Reply Quote
ag94whoop
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
6:47p, 10/21/25
AG
I'm curious if I'm the only one seeing massive drops in royalty payments from going from Marathon to Conoco.
Like immediate 50% drop followed by two more months dropping double digits two more months in row
Reply Quote
Dreigh
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ag94whoop • 8:15a, 10/22/25
ag94whoop said:
I'm curious if I'm the only one seeing massive drops in royalty payments from going from Marathon to Conoco.
Like immediate 50% drop followed by two more months dropping double digits two more months in row


I've seen this with transfer from one operator to another more than once. Mineral royalty departments might be the biggest Mickey Mouse operations at most operators, which is really saying something.
Reply Quote
5
Gaeilge
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ag94whoop • 9:55a, 10/22/25
Keep track. Charge interest on underpayment. Lawyer up if not rectified within 6mos.
Reply Quote
7
Comeby!
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Dreigh • 12:42p, 10/22/25
AG
Usually this is due to post production charges.
Reply Quote
Dreigh
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Comeby! • 5:07a, 10/23/25
Comeby! said:
Usually this is due to post production charges.


Sorry, I don't totally follow. Post-production charges that suddenly appear when wells change hands to a new operator?
Reply Quote
1
joemeister
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:30a, 10/23/25
AG
The first issue is whether they are reporting similar production numbers. If not, then something is happening with the wells and your reduction in royalty is likely due to that. If production numbers are similar, then they are deducting something from the royalty that Marathon was not. It could be a title issue, it could be a change to their accounting for post production costs. Post production cost application is one of the most heavily litigated areas in the industry, but any competent landowner attorney should be able to provide you with some clarity based on your lease terms.
Reply Quote
1
birdman
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:33a, 10/23/25
There are several possible reasons.

1 - Post-production simplified. Marathon charged you $1 to get gas to market. Conoco charged you $1.80 to get same gas to same market.

2. Marathon slapdicks title together to get well online. Conoco realizes that it's sloppy work. They fix some of mineral ownership, suspend others, etc.

3. Conoco hasn't integrated all the royalty owners picked up from Marathon. It doesn't integrate all at once.

4. Your wells aren't producing as much as they used to.


Why not read the monthly statement from Conoco and compare it to Marathon statement? That's the first step. Then if you aren't satisfied, send email to division orders. Sooner or later, they will walk you through it.
Reply Quote
8
1 edit
He Who Shall Be Unnamed
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:32a, 10/23/25
Is it possible that COP "chokes down" the wells to extend their production life more than what Marathon was doing? Also, has there been any new drilling in the area? I know that COP will shut down nearby wells when they frac new wells in order to avoid any interference between wells. Hopefully this is a reason and you notice a nice bump again.
Reply Quote
Furlock Bones
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to birdman • 8:42a, 10/23/25
AG
birdman said:


Why not read the monthly statement from Conoco and compare it to Marathon statement? That's the first step. Then if you aren't satisfied, send email to division orders. Sooner or later, they will walk you through it.

this is first and foremost. compare the damned statements. then post some more details. anything else is wild ass speculation about operators screwing over royalty owners.
Reply Quote
2
ChemAg15
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:31a, 10/23/25
AG
Don't listen to these guys. Call your lawyer. Delete facebook. Hit the gym.
Reply Quote
1
Less Evil Hank Scorpio
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to He Who Shall Be Unnamed • 10:04a, 10/23/25
AG
Not very likely unless they are very new wells. I would bet a lot that there is not a lot of production optimization happening on the legacy asset they bought. Also, you just don't need to choke a well back except for right at the beginning.
Reply Quote
txaggie_08
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:07a, 10/23/25
AG
COP is probably taking advantage of deducting more costs from the royalties than Marathon was. They did the same thing with Concho assets. Reviewed leases and added deductions if allowed. It wouldn't cause a 50% reduction in royalties, but could be part of what's going on.
Reply Quote
1
ag94whoop
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:39a, 10/23/25
AG
Is it legal for Conoco to do that crap?
Seems like purchasing the minerals would constitute a continuation contractually of the same compensation plan and methodology as previously. Suddenly reduction of compensation or additional "write offs" would constitute a breach of contract wouldn't it?
Reply Quote
1
Sims
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ag94whoop • 10:52a, 10/23/25
AG
ag94whoop said:
Is it legal for Conoco to do that crap?
Seems like purchasing the minerals would constitute a continuation contractually of the same compensation plan and methodology as previously. Suddenly reduction of compensation or additional "write offs" would constitute a breach of contract wouldn't it?

Unless the royalty holder received an innocuous notice in the mail with their royalty check that indicated their acceptance of the payment was permission to change agreement in such a way as the payer deemed. If they objected, the payment would need to be refused and x y z steps followed in writing to the payer.

Reply Quote
ag94whoop
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ag94whoop • 10:55a, 10/23/25
AG
It looks like they are adding an additional 25% "withholding tax" on top of the listed taxes on every check. Is that legal?
Reply Quote
ag94whoop
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Sims • 10:57a, 10/23/25
AG
Only notices sent were that payments would be coming from Conoco instead of Marathon and we would be getting a new owner number.
It looks like they are adding about a 25% additional withholding tax on every transaction over and above the taxes already being withheld.
Reply Quote
Sims
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ag94whoop • 10:58a, 10/23/25
AG
ag94whoop said:
It looks like they are adding an additional 25% "withholding tax" on top of the listed taxes on every check. Is that legal?

They may be waiting on you to confirm your tax payer id (social or tax payer id if they are paying an entity).

We do that for vendors who haven't provided W9s to us.
Reply Quote
ag94whoop
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Sims • 11:00a, 10/23/25
AG
Ok I will double check that. If that is the case it would be nice to have been notified of that.

Would they then send those withheld amounts or is that lost revenue?
Reply Quote
Sims
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to ag94whoop • 11:02a, 10/23/25
AG
They'll reflect it as additional taxes withheld when you get your 2025 1099.

They won't cut you a check back directly, it will flow through as less tax liability.
Reply Quote
1
nosoupforyou
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to nosoupforyou • 7:19a, 10/27/25
AG
nosoupforyou said:
nosoupforyou said:
Did this deal close at the end of Q3 as expected and who bought the DJ Asset from Civitas?


Civitas said in its earnings release it had executed two agreements to divest non-core D-J assets with a total value of $435 million before customary closing adjustments.


This is a wild secret it seems - sheesh!! Anyone ??


Heard the Civitas DJ asset was split and sold to 2 companies - one was Bison Oil and Gas

Still looking for more details here on the other and official close date

Civitas and SM Energy is also out there..
Reply Quote
1
Furlock Bones
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
5:45a, 11/3/25
AG


More jobs gone.
Reply Quote
1
topher06
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
11:12a, 11/3/25
Single basin fervor is dying out.

Natural gas heating up with the AI craze (and LNG buildout).
Reply Quote
techno-ag
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to topher06 • 11:23a, 11/3/25
AG
topher06 said:
Single basin fervor is dying out.

Natural gas heating up with the AI craze (and LNG buildout).

I read reports out of Europe indicate they have less in the way of reserves atm. Also they thought they could import more from us but now with all the talk of data centers taking up our energy they're not so sure.
The left cannot kill the Spirit of Charlie Kirk.
Reply Quote
Comeby!
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
1:44p, 11/3/25
AG
I never understood the single basin strategy. Being diversified in this industry is a plus.
Reply Quote
PeekingDuck
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Comeby! • 3:06p, 11/3/25
AG
They aren't actually interested in existing as a long term O&G company. From that lens, it makes a whole lot of sense.
Reply Quote
1 edit
plain_o_llama
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
3:19p, 11/3/25
Any opinions on the Comstock, Jerry Jones, Western Haynesville WSJ story from last week?

Behind the paywall but you can probably get to the article


https://www.wsj.com/business/energy-oil/jerry-jones-comstock-resources-texas-f11636d6

Jerry Jones Says He Has Unlocked a $100 Billion Gas Bounty in This Drilling Inferno

Oct. 29, 2025 12:00 pm ET
LEON COUNTY, Texas

Dallas Cowboys owner Jerry Jones turned his team into the world's most valuable sports franchise. But when he rides in his helicopter over this rural stretch of east Texas, he says he sees his best investment ever: The making of a major natural gas province.

....

Now, Jones says, it's payday. "There's $100 billion present value with gas out there," the 83-year-old billionaire said in an interview. "That's why I'm talking to you on the telephone rather than trying to fix our defense with the Dallas Cowboys."


,,,,,

"The question is, can you really drill a vertical well 17 to 19,000 foot vertical?" said Chief Executive Jay Allison. "It's like putting a man on the moon."

< I assume they mean really long horizontal legs at a depth of 17-19k >
.....

Comstock has now brought roughly 30 wells online at an average cost of about $30 million. They are about twice as expensive as in the Haynesville but yield about twice as much and are competitive with current natural gas prices near $3 per million British thermal units, executives say. They say Comstock is still learning and expects costs to come down as it drills more.

"We pulled off something that nobody thought that we could," said Patrick McGough, vice president of operations.

Analysts say the campaign has been promising thus far but note that there are still a number of unknowns. Comstock has drilled mostly in one pocket of the region, and it's unclear whether other areas will yield such prolific wellsand how the wells will behave over time.


An investor deck:

https://investors.comstockresources.com/static-files/5a596a22-02f6-4b49-a9cc-93ecfe0179c0

Reply Quote
2
1 edit
First Page Last Page
Page 839 of 842 ▼
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.