Met with Todd Brooker, President of Cawley, Gillespie & Associates, to talk reserves, spacing, the SEC and all good things reservoir.  Plus, some travel tips on coming to Austin for food, golf and what to do on 6th St. About Todd Brooker Todd's official Bio:Todd is President at CG&A and has been with the firm since 1992. As a Reservoir Engineer, his responsibilities include reserves and economics evaluations, fair market valuations, field studies, pipeline resource studies, and acquisition/divestiture analysis. His...

Crisis. Of. Balance. Sheets. I get tired of saying it and I am quite sure you are tired of hearing it. Coronavirus might be a blessing to get everyone’s head out of the collective clouds but this is where we are at as an industry and the reason every time I read a 2020 announcement I ask...are you kidding me?? Do you know nothing, Jon Snow? Yes. When production declines in a flat price environment, your debt: EBITDA goes up....

In an effort not to be blocked by anyone today, I am going to be totally without controversy. What’s the deal with seedless grapes? How do they grow more? Also. In this week’s edition of “the most creative way to ignore the actual statistics of an outbreak but protect yourself in the wake scary news reports”… I offer this photograph. I’m not sure of the science of the apparatus, but I’m pretty sure it works. Hard to kiss someone with...

In the world of social media, I’ve had a big week. First, I had a parody Twitter account named after me, mispeled last name and all. And then, the next day, I found out that my website was blocked by a large producer (and now every employee knows which one). I didn’t really expect to be invited to sit on many boards as a result of my daily musings- the truth hurts and two things you could guarantee if...

It's Technical Tuesday and you had to know it was coming. In the past 8 weeks, I have taken a lot of beatings on your behalf on Twitter for my equity ownership in you because, rightly or wrongly, I made you the poster child for my SMOG investment thesis. It is also relevant to this discussion that I own more shares personally than any of your non executive directors, so you know I care. Like really,...

If I knew that I was going to die tomorrow, I would like to think today would be a pretty good day. I would tee off early. We would play banker and I would triple on every par three, regardless of where the ball was going. I’d head to lunch with all my friends and family and sit at each of the tables, laugh, tell stories and tell them that I loved them. I’d write a letter to the...

The Black Death hit Europe between 1347 and 1352, during which 20 million Europeans died, which reduced the population by 33%. Worldwide, 125 million are estimated to have died out of the entire 475 million population. With limited medical knowledge, overcrowded living conditions, no fossil fuels, no high density agriculture or sanitation infrastructure, living conditions were horrible. Greta would have loved it! Rats and fleas, not surprisingly rampant, were thought to accelerate the spread of the plague from port...

Grab a nice warm bowl of …. Soup from a market in Wuhan and join us for the #hottakeover this week where we talk about the coronavirus and how it may change my beer preferences, the impact on global oil demand (1.386 billion people in China, 11 million in Wuhan, 41 dead, 13.5 mmbbl/d oil demand in China….. I’m not seeing it), the baby it’s not cold outside gas price going below $1.90/mcf and Lilis Energy’s announcement of their...

Root cause of the coronavirus or not, in case there were any people thinking about what would be good to make for dinner tonight, can we agree that bat soup is, and always has been, a bad idea?

There is always risk making a decision or getting ahead of a story based on limited facts BUT in the mainstream media, no story can be TOO scary. In oil and gas, you get fired for "I thought the well would work out, but I didn't look at any offset data... oops, duster!" In the press, if you are going to be wrong, make sure you miss in the most terrifying way imaginable. ...