Fascinating to see the variability of bbls/ft of lateral. Commonly in same areas. I spent yesterday dumping a few hundred wells of data to assess some different companies for curiosity. The guys I assist with well placement are producing minimum 50% more in first 3 months production from next highest, and up to 400% or more compared to laggards. Suggests to me that the less technically proficient are going to get hammered this cycle. The range of lift costs is probably higher than estimates

Should also say if curious to see graphics of what am talking about, just say. Theres always more nuance in the oil field than news suggests

There you go. That gives an idea. Bubbles sized by first 3 months production. Y axis is cummulative production and x is first 12 months well average. Much of this can be explained by high or low quality acreage but when I zoom in, I find interesting disparities between operators. My guess is that anybody playing with equities should be looking at this as prices drop and consolidation wave starts to hit.

Curious where you got that cost from?

A 2023 CNBC article had much higher:

"Instead, the surge is concentrated in the Permian Basin region of Texas and New Mexico, where production costs are among the lowest in the country, said Alexandre Ramos-Peon, head of shale well research at Rystad Energy. Oil from the Permian Basin costs an average of $42 a barrel to produce, he said, with North Dakota in the high $50s to $60. "

I imagine the cost to produce has only gone up a bit in the past 1.5 years with labor costs, but I have no idea.