FWIW: Update On Pioneer Production -- Mike Filloon -- May 5, 2018

Link over at SeekingAlpha.

• Pioneer continues to see large production increases per location, with 29KBO increase from 2016 to 2017
• Pioneer's Eagle Ford locations have shown more improvement than those in the Midland Basin
• we think PXD has further upside over the next 12 months based on these improvements

Operators in all US unconventional plays have announced oil production improvements in 2017.

Oil bears believe core locations are running low and we are seeing the end of this phenomenon. The best locations have been completed in most US plays, but improved well design continues to offset. Many operators are not doing enhanced completions on 100% of locations. As this ramp up continues, so will production improvements. If one wants an estimate of where others are headed, one needs only to look to EOG Resources. Some operators will never reach this level, but given the relatively large difference, just half the divide would be quite good.

Pioneer has arguably the best acreage in the Midland Basin. It also has an excellent Eagle Ford leasehold.  

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.

Reminder for newbies: "enhanced completions" -- not the same as "enhanced oil recovery" (EOR).

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Pat: I Will Never Forget You

You have no idea how much I miss you. 


To Sir, With Love, Lulu    

Summer Wine, Nancy Sinatra, Lee Hazelwood.

I have no idea where Nancy Sinatra is these days, but I wish her all the best. Can you imagine growing up in West Hollywood, the daughter of Frank Sinatra? Time for a road trip on US Highway 66.