I just updated the main Sweet 16 spreadsheet for Q4 production mix.
On a Boepd basis, only five of the Sweet 16 companies produce more than 50% crude oil:
Talos Energy (TALO) 75.5% < The stock is down 6.2% YTD, which does not make sense.
Baytex Energy (BTE) 68.4%
Northern Oil & Gas (NOG) 60.2%
Diamondback Energy (FANG) 59.0%
Matador Resources (MTDR) 57.5%
The 2 Gassers
EQT Corp. (EQT) only 0.5% of their production is crude oil
Range Resources (RRC) only 1.9% of their production is crude oil, but they do produce 28.3% NGLS.
SilverBow Resources (SBOW) produced 73.2% natural gas and NGLs in Q4, but 56% of their revenues were from crude oil sales.
Ovintiv (OVV) was the only company that produced a higher percentage of crude oil than my forecast.
Which S-16 companies have the highest % oil production?
Which S-16 companies have the highest % oil production?
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group