Cartoon Of the Week




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.