Energy Investing - Gasoil ratio alive and well in Q3/22 with minimal shale oil production growth YOY - Energy Investing - InvestorVillage


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Msg  464158 of 524248  at  11/19/2022 12:09:40 PM  by

coolreit

The following message was updated on 11/19/2022 12:15:34 PM.

 In response to msg 459795 by  coolreit
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Gasoil ratio alive and well in Q3/22 with minimal shale oil production growth YOY

 The leading independents clearly display the rising gas/oil ratio, but not the majors. I think CVX is the big exception with a lot of virgin tier 1 acreage. I don't know how much of the majors' growth is attributable to shale vs. conventional oil.
 
YOY production growth from these leading oil companies is de minimus, despite EIA data and forecasts to the contrary. 
 
Except for CVX, it looks like the Permian has peaked:
 
 
Gas/Oil ratios
Q3/21 Q3/21 Q3/22 Q3/22 Change Change Change % Change %
Oil Gas Oil Gas Oil Gas Oil Gas
Devon 303 943 294 1,000 (9) 57 -3% 6%
EOG 448 1,210 464 1,306 16 96 4% 8%
PXD 389 781 354 841 (35) 60 -9% 8%
Total Independents 1,140 2,934 1,112 3,147 (28) 213 -2% 7%
CVX - US 842 1,708 891 1,708 49 0 6% 0%
XOM-US (1) 758 2,701 783 2,351 25 (350) 3% -13%
Total Majors 1,600 4,409 1,674 4,059 74 (350) 5% -8%
Total- All 2,740 7,343 2,786 7,206 46 (137) 2% -2%
PowerPoint Presentation (pxd.com)
Stats2022_3Q RV.xlsx (q4cdn.com)
3Q 2022 Earnings Supplement (exxonmobil.com)
09.30.2022 EX 99.1 8-K (gcs-web.com)
(1) Reflects XTO disposition 8/31/22 approximate 136k of nat gas


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Msg # Subject Author Recs Date Posted
464159 EIA REPORTED Oil production growth vs. major independents and majors coolreit 2 11/19/2022 12:21:08 PM




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