BOE, the tired old trope of the unconventionals. There is so much anecdotal evidence if not empirical data of resource exhaustion, courtesy of ShaleProfile, and especially analysts such as Luke Gromen who publishes the Forest For The Trees. Then there is the Midland Reporter Telegram where seldom is heard a discouraging word on any matter pertaining to the Permian Basin “Colgate brings 70,000 barrels of oil equivalent a day and 105,000 net acres to the deal, which will create an expanded pure-play Permian entity with an enterprise value of $7 billion and that holds pro-forma 180,000 net leasehold acres, 40,000 net royalty acres and total current production of 135,000 barrels of oil equivalent per day." This is the GOR of Centennials 397 Delaware Wells from ShaleProfile: And this is the GOR of Colgate's 213 Delaware wells from ShaleProfile: Of Centennial's and Colgate's acreage is juxtaposed perfectly: I keep thinking about Scott Lapierre work on Bubble Point Death.
