FWIW -- Update On The Permian -- Mike Filloon, Part 2 -- March 28, 2018

Update on the Permian -- Mike Filloon.  Link here. Part 2 here. See also this post.

• Occidental, Chevron, EOG, and RSP Permian  have the top oil curves of operators with multiple completions
• Delaware well design improvements have increased oil production per location by 18% yoy. We believe there is greater upside in the Delaware in 2017 than in Midland. It is possible the Delaware has more upside than any other US play
• Lea County is starting to separate itself as the best county, although northern Loving has had a few mammoth results
• the drop in world oil inventories is enough to start pushing short pops in prices. We think WTI will push above $70/bbl by June, but pushing above $75 will be difficult