Gas prices

[silverhatch]

2.71 is the best I have found in Denton.

[slow99]

Low oil/fuel prices do have a positive impact on the economy but they will also have a negative impact on the Texas economy.

He was referring to the global growth expectations that drive oil prices to their current levels. The answer = shitty.

[Sgt Beavis]

2.71 is the best I have found in Denton.

Where at?

Best I've seen is 2.78 at Kroger (from Dallasgasprices.com) and I get an additional 10 cents off that.

[lowthreeohz]

Just filled up for 2.72/gal here in Virginia

[diablo rojo]

Grand Prairie this morning.

[HarrisonTX]

Fuck that gasoline vs diesel spread.

[Strychnine]

We drill into the niobrara and a formation called the cordell basin here in Colorado. From what my driller has told us is if the price per barrel drops below $70 we are out of a job. I love to see cheaper gas but now that im in this industry it scares me.

Notes from the annual Permian Basin Petroleum Association meeting this week.

“In the service business, it’s chicken or feathers. One day it’s good, one day it’s bad. You have to keep your powder dry -- you have to be able to weather these storms. They’re coming.”

- Clint Walker, general manager of CUDD Energy Services

James Newman, senior vice president of regional operations for Basic Energy Services, said that his company was not concerned about its drop in market capitalization, which has halved in the last three months due to the drop in oil prices. He said that labor is a more pressing issue for him as his company tries to provide well servicing to local drillers.

“Qualified, experienced labor,” said Newman about what his company needs. “We ramped up our training programs (and) our safety programs to compensate for the less experienced folks. We run several man camps in the areas, so we bring in more experienced folks from different areas of the country."

Chris Menefee, vice president of business development at oil startup Independence Contract Drilling, which has built a half dozen highly advanced drilling rigs, said his company’s strategy has been built around established operators.

“Do you ramp up or slow down?” Menefee said is his biggest question. “We just have to take the lead from the operators. That’s why we partnered ourselves with some of those that, at $80 oil, (will) continue to drill rather than some of those that are spot operators. That’s the way we try to combat (the drop in oil prices), is to partner with the people who are going to be able to drill through the cycles.”

This is good because those are all our engines



I love that the summary stars with Denny's word du jour.

"So while there’s no talk of oil prices rising in the near future, the pump jacks in West Texas will still be pumping for the foreseeable future."

[DON SVO]

Notes from the annual Permian Basin Petroleum Association meeting this week.

This is good because those are all our engines

I love that the summary stars with Denny's word du jour.

"So while there’s no talk of oil prices rising in the near future, the pump jacks in West Texas will still be pumping for the foreseeable future."

So... You enjoy a good cigar with scotch now?

[Cooter]

Fuck that gasoline vs diesel spread.

Alvin, TX represent

[Captain Crawfish]

Gas prices are great but that 401 k different story.

[J&T's 82]

Alvin, TX represent

One of the few things I miss about that area....that and Joe's BBQ.

[GhostTX]

Alvin, TX represent

WTH? I need a CITCO gift card to get the good price of $2.72? Otherwise, they're raping the heck out of you! $3.79!!?!?

[Cooter]

WTH? I need a CITCO gift card to get the good price of $2.72? Otherwise, they're raping the heck out of you! $3.79!!?!?

lol, they sell a lot of gift cards

[YALE]

WTH? I need a CITCO gift card to get the good price of $2.72? Otherwise, they're raping the heck out of you! $3.79!!?!?

HEB does the same thing. It doesn't cost you anything.

[GhostTX]

lol, they sell a lot of gift cards

I bet.

HEB does the same thing. It doesn't cost you anything.

That is kinda crappy though. I have to go in and get gift cards THEN go pay for gas. What a pain. Plus, then if I have a balance left on the card, that's money that "stuck" until I go to that store again.

I guess they get a lot of gas thefts? What other reason to "pre-pay" for the cheaper gas?