Tuesday, November 5, 2019

CLR's October, 2019, Presentation Released

CLR: October presentation released. Link here. Highlights, first quick run-through:
  • production:
    • overall:
      • 20% oil growth, y/y -- 198,074 bopd (oil, not oil equivalent)
    • Bakken: 
    • 13% oil growth, y/y 
    • 3Q19: 57 gross operated wells; 2,313 boepd (oil equivalent) average initial rate
  • Bakken: now, "multi-zone development
    • 2,300 boepd average well initial rate
    • 80% oil
    • 2017 and 2018 programs paid out in ~ one year
  • most interesting graphic: average cumulative production per well -- 2017, 2018, and 2019
  • clearly in the manufacturing stage
CLR is now tracked here.

Super-long laterals in the Bakken: Lynn Helms has been talking about extended long laterals. I keep forgetting about them. Need to watch for them. Will try to do better.

No comments:

Post a Comment