Home > Operations > Midland Basin

Midland Basin

Top-Tier Execution, Well Performance and Capital Efficiency

2020 Plan Objectives

2020 REVISED PLAN

• ~11,300′ expected average lateral feet per well

• ~$6.8MM expected average well cost

• ~48% Boe PDP decline (YE19 – YE20)

BEST IN CLASS WELL PERFORMANCE

• SM wells generate among the highest revenues per well in the Midland Basin

• JP Morgan Equity Research: “We believe that western Howard County is one of the most prolific/economic areas in the Midland Basin.”

LEADING EDGE CAPITAL COSTS

• Expected DC&E costs further reduced to ~$600/lateral foot

 

Operating Details*

*as of April 29, 2020