CLR's November 2021 investor update, November 3, 2021. Link here.
Breakevens:
- LCU: the Long Creek Unit in Williams County
- it should be noted that this area is a very good Bakken location, but it certainly is not the best, nor one that was talked about much before CLR announced the LCU project
- in the CLR presentation on page 8 they say that the 11 LCU wells have a break even after 4 months......
Post-announcement, link here.
Poll: would you invest personal money into the CLR/PXD deal? Link here.
The next victim? CLR. The Delaware fringe -- JPE, OAS, PE, PXD, CLR? Link here.
Josh Young is asking the same question. Link here.
It's happening. The third big, high priced Permian deal since the oil price crash. First was PXD/fFour Point. Next was COP/Shell. And now, CLR/ PXD. It will be interesting to see what Pioneer does with the money and how the stocks react. And if Continental ramps drilling.
Someone who doesn't get it: Energy Cynic. Link here. Nice graphic of the check Harold Hamm wrote his wife.
Map of part of PXD Delaware acreage: link here.
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