Which S-16 companies have the highest % oil production?

Post Reply
dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

Which S-16 companies have the highest % oil production?

Post by dan_s »

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.
Dan Steffens
Energy Prospectus Group
Post Reply