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  4. Treaty Energy Corporation (TECO) Message Board

Kenstick, I think the reason I didn't get really

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Post# of 39368
Posted On: 11/14/2012 8:36:20 AM
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Posted By: Oilfield Trash
Re: Kenstick #2718

Kenstick,


I think the reason I didn't get really pumped up about it is because I like to keep my enthusiasm to a minimun.  I deal with almost every company in Louisiana as far as Oilfield goes.  I was a part of SLB and our customer base was huge.  I have since moved on to a start up company so the base isn't as big but to be honest I have never heard of TNC.  I'm not saying that I know everything because I don't but the Oilfield in LA is a small world.  Usually if someone is penetrating the earth in LA we know about it even if they aren't using my equipment.  Mid-State, Gulfport, Hilcorp, Basic, and Energy Partners, and the list goes on and on.  I will make some calls today to see if anyone has dealt with them before.  I have a friend that opened an FMC in Shreveport and in a workover operation they would need flowback equipment.


Other than that though I was pretty pumped when I first heard about the deal because the wells require no more capital from us.  I think we should've taken that approach with many wells.  Give them a percentage of the well so we wouldn't have to pay with shares, and we may have worked on more than 5 wells this year.



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