Wednesday, November 22, 2017

Super Hogs: Devon And EOG -- Filloon - November 22, 2017

Over at SeekingAlpha: summary --
  • EOG is the king of the Super Hog story, but many other operators are expanding well design and production per foot including Devon
  • Devon has some very good producers in the Eagle Ford, much like EOG's recent results
  • the Eagle Ford and Austin Chalk are emerging as top US intervals, and uniquely situated for newer well designs
  • we are seeing a much larger percentage of wells producing well above the industry average. A couple of years ago, many attributed this to sweet spots or dumb luck. This is starting to become a trend as we have asserted. This has decreased payback times and improved overall well performance. We believe this will continue as most operators have not fully moved to these designs. If EOG's results are any indicator, operators still have a ways to go to meet its standards
Comments: most interesting -- his comments about "sweet spots."

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