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tbonafide's avatar

Hey Oak, can you clarify how you came up with values in the "Net Profit" column in your model?

For the first line of your table (Q323) summing up columns starting with the "TOTAL" column

144 + 27 - 21.80 - 40.80 - 6.50 - 57.50 = 44.40 Net Profit (not 58.65)

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Jim Pype's avatar

Corporate decline less than 10%, Appalachia assets at 5% per trading statement. I would assume the new assets in the mid-continent have very high decline rates and the newest wells completed even higher decline rates. These declines should flatten out some in the next few years.

60% of production declining at 5% leaves the other 40% at a 17% +/- decline rate. If the 17% decline rate drops to a 14% average this year then company decline would likely drop by a full percentage to under 9% for 2024.

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