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Re: Wildbilly post# 142

Saturday, 02/04/2017 9:00:39 AM

Saturday, February 04, 2017 9:00:39 AM

Post# of 242
$FANG Midland Basin wells. Its 63 most recent horizontals had an average payback time of under two years at $50/bbl oil.

The Midland Basin has a large number of intervals, and there are many possible locations. Source rock produce differently, and some may be uneconomic at today's prices.

Better zones are drilled first to get leasehold held by production. Intervals with higher breakevens are done when prices recover.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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