Update on SandRidge: SeekingAlpha

Link here.

The Mississippian and the Permian wells are solidly profitable. The Mississippian wells cost an average of $3.2 million per well. They have a PV-10 value of about $5 million per well on average, and the PV-10 value is often a very conservative estimate (an underestimate). They have an average EUR of 456,000 boe, of which about 45% is crude oil. The Permian wells cost an average of $643,000 per well. They have a PV-10 value of $627,000 per well. They have an average EUR of 58,000 boe per well, of which about 78% is crude oil. Clearly these are not as profitable as the Mississippian wells. However, the PV-10 value is usually an underestimate of real value. SD estimates the NAV of its Permian holdings is $7.2 billion.

The standard disclaimer: this is not an investment site. This provides a comparison view with Bakken wells that can cost over $10 million to drill; have EURs of 500,000 to 1,000,000; and are, mostly oil. This is posted for information, education, and entertainment, but not for investment decision making.