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).
*******************************
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.
