Another "Deal of Destiny" In the Permian Basin...
2020 wells on the express elevator, down.
As stuff gets gassier and gassier, BOEPD (at the big 'ol whopper of 6:1 conversion), becomes very...useful in consolidations and mergers; the numbers look sooooo good using BOE. Its gets shale oil cheerleaders really amped up! They get so excited they start...repeating themselves.
https://www.forbes.com/sites/davidblackmon/2020/10/21/permian-basin-merger-mania-continues-with-a-deal-of-destiny/?sh=7511e7c83ded
https://www.forbes.com/sites/davidblackmon/2021/04/03/the-lesson-from-pioneers-latest-permian-deal-bigger-is-better/?sh=759dfaf03259
...and overlook debt, which just went up some more, another B or so, since 12.31.20.
...and that if you invested $100 bucks in PXD in 2015, its now worth a little north of $94. By the way, the chart above is from PXD's 2020 10K.