Ep 343: Oil Expert Cactus Schroeder Unplugged

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Welcome back to another episode of Wall Street Unplugged!

Cactus Schroeder, Founder of Chisholm Exploration and oil veteran who has been drilling wells in Texas for more than 40-years, gives us an inside look at what’s really taking place inside the Texas oil patch.

He explains how massive cap-ex cuts, an cutback in Saudi oil production, and the huge decline in drilling costs will eventually lead to higher oil prices. He also highlights why prices are much more vulnerable to an oil shock than ever before.

Cactus then tells us how an old form a drilling is making a major comeback.  In fact, this type of drilling is profitable at much lower prices since drillers can increase the amount of oil recovered by 25% compared to fracking.  He believes this could be a game-changer in the industry.

 Cactus is one of the smartest men you’ll find in the oil business. He has had personal interests in over 1,000 drilling projects. He was also credited with finding one of the largest oil producing wells in the Eagle Ford in 2011 – which he later sold to Norway’s Statoil for more than $1 billion.

If you are thinking of jumping back into oil stocks,be sure to listen to this interview first.

7 Comments

  1. Clyde
    September 4, 2015 @ 4:09 pm

    can you make the audio downloadable?

    Reply

    • gabe
      September 8, 2015 @ 10:13 pm

      you can download this via itunes podcast

      Reply

  2. dan kraft
    September 4, 2015 @ 5:49 pm

    Frank, I found this very informative. i would appreciate a transcript option for your podcasts. I was a subscriber to your newsletters when you were at Stansberry, and thought I subscribed to your newsletter for two years when you reached out to me by e-mail after you left Stansberry. However i’m not getting your research and recommendations in any reports or newsletters. Did I only sign up for your podcasts???

    Dan kraft

    Reply

  3. John A
    September 5, 2015 @ 11:29 am

    Tks Frank great Cactus interview… Especially your ending comments…
    Former Stansberry listener and subscriber to your old Newsletter…
    Made a few bucks on ARIA…
    Hope to be a subscriber soon.. rgds, for now…
    John A

    Reply

  4. Peter Kilroy
    September 6, 2015 @ 2:10 am

    Terrific interview with Cactus Schroeder. New insights to think about with horizontal vs. vertical drilling and then throw in co2 …wow !

    Reply

  5. James Fikes
    September 9, 2015 @ 2:54 am

    Great interview. The engineering firm that I work for here in Abilene specializes in modernizing instrumentation and electrical in refineries, pipelines, co-generation plants, etc. You mentioned a number of projects in the Permian and Eagle Ford that our firm is working on. Because of the “Internet of Everything” real-time data transmission seriously cuts maintenance trips to these remote sites.
    Cactus does have a nice tennis court behind his office. :o)

    Reply

  6. Kellyb
    September 9, 2015 @ 3:15 pm

    The only public company i’ve found that does strictly vertical drilling and waterffloods is MCEP. Their breakeven costs are very, very low.

    Co2 does allow more recovery but is also more expensive up front. DNR is the biggest pure play Co2 player.

    Reply

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