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Yes, It Can; Yes, It Can



Exxon is currently producing 1.7-1.8 MM BOePD. Can it get to 2.5 MM BOePD in the next three years?
Exxon has a long history of never making guidance and/or production targets but given its current balls to the wall growth plan it can probably make 2.5, yes.
On a BOe basis for sure. Pressure depletion has it by the ying yang and initial GORs are increasing, then growing faster. At 6 mcf to 1 BO ratios, tight oil companies love BOe. They pretty much bank on people not even noticing the 'e.'
One thing for sure... Exxon is going to make 2.5 MM BWPD by 2030; if that's in its production guidance its home free. It's at 2 MM PD now and WOR increases every year.

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