The Market, Energy, Political Page, Part 2, T+61 -- April 30, 2018

EOG update, Filloon: FWIW -- Mike Filloon updates EOG's well results in the Permian. Let's see how they compare to those in the Bakken, shall we? Summary:

• EOG's oil production improvements per well from 2016 to 2017 are muted when compared to other Delaware operators
• EOG's results are still better than most other operators, and decreased improvement could be due to the high bar set in 2016
• EOG still has the best well design in the industry, and results should be watched closely as it best provides insight into where the industry is headed

These results are simply incredible:

We pulled the data on 199 EOG Delaware Basin locations completed in 2017. This was done as a comparison to provide an idea of whether it has seen an improvement per location. It's best performing location was in Loving County. It produced 413 MBO in the first 6 months of well life. Over 20 locations model to more than 300 MBO in the first year of well life. These results are excellent, especially when we consider only 34 have a lateral length above 9,000 feet.

EOG: wow, back up to $118. 

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here. If this is important to you, go to the source.

Disclaimer: I make a lot of simple arithmetic errors. I often see things that do not exist; I read quickly and miss important points. Sometimes it takes me days (maybe even weeks) to see where I was wrong.

We'll sort this out later:

Here's the WSJ story: says it's a $23 billion deal. Deal values Andeavor at $152/share; roughly 25% premium.


And huge:

For long term investors: don't get hung up on individual "plays" you may have missed -- follow the story lines.  Do you really think that MPC is the only one that sees the future?