- 1Q19 results
- net income: $187 million
- growth yoy: 16%
- oil growth yoy: 18%
- total G&A per boe: $1.60
- improved oil diff QoQ: 43%
- Three strategic "step-out" wells with excellent results, 24-hour IPs
- current metric: 100,000 bbls in 90 days
- MT, Baird Federal: 1,680
- outperforming legacy well by 110% at 60 days
- ND, Burian: 2,400
- outperforming legacy well by 80% at 60 days
- ND, McClintock, 2,440
- outperforming legacy well by 100% at 60 days
- low cost leader among peers (actually identifies peers on slide 4)
- quite striking
- compare with APC, OAS, DVN, others;
- EOG comes close
- APC comes close
- lowest maintenance cash flow breakeven: shows a breakeven of $38
- operations
- 194 optimized development wells completed in 23 units
- entire 194 well development program has paid out
- top 10 CLR Bakken 30-day rate units
- three of top ten units were completed in 1Q19
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For Future Reference
Regarding the wells CLR references above:
- Burian:
- 35495, conf, CLR, Burian 4-27H1, St Demetrius, t--; 16K over 14 days;
- 21806, 854, CLR, Burian 1-27H, St Demetrius, t3/12; cum 259K 2/19;
- McClintock:
- 35538, conf, McClintock 8-1H1, Pleasant Valley, t--; cum 10K over unspecified number of days;
- 22031, 819, CLR, McClintock 1-1H, Pleasant Valley, t6/12; cum 213K 2/19;
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