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Yes, It Can; Yes, It Can


Novi. Exxon In the Midland Basin Thru February 2026 Notice How Associated Gas is Still Growing.
Novi. Exxon In the Midland Basin Thru February 2026 Notice How Associated Gas is Still Growing.
Oil Production in Saudi America Declined Thru YE 2024, Then Jumped Up in 2025 With Rig Additions and 3-4 Mile Laterals. Notice Its First-Year Decline Rates in 2025 Steepened.
Oil Production in Saudi America Declined Thru YE 2024, Then Jumped Up in 2025 With Rig Additions and 3-4 Mile Laterals. Notice Its First-Year Decline Rates in 2025 Steepened.

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.


Water, Water Everywhere
Water, Water Everywhere

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