Did he also take you to a gay bar and get you decked out in necklaces. In my mind, all of Collide is really just a gay bar.

Badass. That gas will then power a data center that runs the computer for Collide.

At some point you have to actually change the packing

Van Loh - Quantum - Day 2 DUG: Interesting discussion on a lot of topics. In general, Quantum likes to place capital in areas that can generate a return (duh) but are not crowded with unsophisticated investors (crazy promotes/cov-lite deals). Pointed out data centers currently having a similar set up today. Did point out that we are currently in an infra super-cycle, not just in gas pipe buildout, but in things like power. Says the power buildout has a good amount of runway for a bit, but will likely overbuild (as Pickering said yesterday). Talked on upstream; sees Haynesville as hard to invest right now as Asian buyers are too hard to compete with because of their outlet for the gas. The prefer large deals, but will look at anything. As far as what they do in each deal is target 20% return. On exit, they like to be FCF positive with enough future inventory to entice a buyer. They try to pick that time where incremental capital can no longer generate a target return to divest. Said there are less deals available as most large privates have been sold and difficulty building that position day one. Sees more future gas inventory than oil. Mentioned that M&A is difficult right now with such huge backwardation. And then spent a good 5 minutes politely saying that ABS is screwed. Not a big fan, in his own words. Deals are rated IG by second-grade agencies, yield-starved insurance companies don’t understand the risk, and people he talks to are getting nervous about their positions. One big bad deal collapses the entire market in his view, as it only exists because of that IG rating. Loves it as a seller though. Says that he sees them missing production/loe targets, leading to cash sweep increase, and doesn’t think they have been underwritten correctly (does he read my substack????).

Fucking feel free to replace that stuffing box Brent @DelawareSandman

FORBES 30 UNDER 30 REMAINS UNDEFEATED

Davey Crockett would be rolling over in his grave

The Texan compulsion to back into a parking space like you're pulling a bank job will never not be funny to us. -OS

Not long ago it was a fantasy, and for exactly the reason you're describing. The issue was never judgment. It was how many documents one person could read. At thousands of wells across hundreds of entities, real cleanup never happened, so the gaps stayed gaps. What changed is reading throughput. And the goal isn't a perfect record. It never was. Title has always been an opinion with exceptions noted. The goal is a record that knows where it's dirty, so the conflicts surface and get ranked now instead of showing up three years later in a bad division order. Somebody still makes every call. They just spend the day on the exceptions instead of hunting for them, or never knowing they existed.

$BATL Announces Strategic Investment in Collide s3.amazonaws.com/b2icontent.…

Asked a young student in computer science why he wanted to come work for me and he said "because I think it's badass to be a Texan and work in oil and gas, that's something you can't be proud of back home in Switzerland." I'm going to liberate young men from the shackles of Europe and make them damn good Texans.