Friday, February 14, 2014

A Random Data Point Or Two Regarding Today's Director's Cut

There will be some hand-wringing over the fact that "we" did not close out calendar year having hit the million-bopd milestone. See today's Director's Cut.

But taking the dollar figures provided at the "Cut" here's something to soothe your troubled souls:
$6 to $7 million per day more in sales despite a 5.45% decline in production. Sweet.

[Take the most recent figures available (bopd from December, 2013; and the price of oil in December, and the price of oil today).]
  • Today, February 14, 2014: 923,227 bopd x 81.35 = $75.105 million/day
  • December, 2013: 923,227 x 73.47 = $67.830 million/day
  • November, 2013: 976,453 x 71.42 = $69.738 million/day

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