Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| I mean I think both from our drill bit and from others drill bit, we've seen really good results in the Wolfcamp D |
| And I think for us to be able to say that combined we have about 12 years of sub 40 breakeven inventory is truly a best-in-class number in North American shale and that's kind of why we put it there |
| And as Kaes just mentioned, when we put the two companies together, we're really excited about understanding what they do, why they do it, and making -- collectively making improvements both on our side and on the incoming asset side |
| I think that's the key to this exploration resource expansion story is, if you can expand your resource without impacting productivity, that's a win for our shareholders |
| So I think it's a good asset to have for the time being and its good option value over the long run, but certainly not looking to do anything in the near-term |
| So I think the Delaware Basin is great cash flow for us, great free cash flow and a very low decline rate |
| And that almost universally beats expectations, which is why you're seeing on a basin level more growth than we all expect almost on an annual basis |
| And that protects free cash flow, balance sheet doesn't blow out and the dividends well protected in that extreme downside scenario |
| Travis Stice And, Jeoff, since I spoke just a second ago on some of the cultural elements of Diamondback, another cultural element is when we combine assets in our history, we've done a really good job of checking our egos at the door and finding out what's really working |
| And what I'm excited about is to get under the tent with the Endeavor team and learn what they're doing that we can do better, right? I think that's not modeled in this pro forma business |
| Great quarter and update |
| I think we've learned and our planning group has gotten significantly better at looking around the corner and seeing what issues might arise |
| But I think generally running in that half a turn at strip is a pretty good place to be |
| And then just jumping back over to M&A, obviously you guys got the big prize and the Permian, and the market has clearly rewarded the Diamondback shareholders here |
| So I think there's some upside there |
| I mean, we've done a pretty good job selling some of these non-core, we call them non-core, but equity method investments over the last 12 months |
| We will continue to look and find what others are doing potentially better than we are and adopt accordingly |
| So you put all that together and that's a very, very capital efficient business in 2025, assuming existing well costs, and that can move around |
| And that allows us operational flexibility to move around and plan our business |
| And as we move into a much larger position post close, I promise you that culture will stay intact |
| I hope you continue to find the stockholders letter that we issued last night, an efficient way to communicate |
| So long-term, $6 billion to $8 billion would be a good number |
| Travis Stice I think generally, regardless of oil discipline the gas curves in the Permian Basin always exceed expectations |
| So there's probably some upside there at some point |
| Neal Dingmann Agreed times, and seems even better next year |
| It saves time and money |
| Endeavor was growing last year |
| And it's been a hallmark of Diamondback since the very beginning |
| And you all have a great day |
| So our durable inventory greatly extends and then our conversion efficiency that we've been known for a long time actually gets to come to bear on a larger asset base |
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| And in the Permian, we've been surprised to see associated gas supply up as much as it is two fees year-over-year |
| I think we expect that we'll see some softening in the service market this year if the gas basins do kind of remain muted in their activity levels |
| I think the concern that Diamondback is going to go do every deal and use all cash to do deals has probably been removed with this merger |
| Our decline rate continues to shallow |
| And I think the results speak for themselves because you haven't seen a degradation in productivity |
| I know it's a smaller part of your economics, but gas prices have been under a lot of pressure |
| They started slowing down mid-year, but their decline rate is shallowing |
| We caution you that actual results could differ materially from those that are indicated in these forward-looking statements due to a variety of factors |
| We might have lost Paul |
| So just your perspective on how the gas market rebalances and the Permian in particular, do you see this as a structural challenge of continued associated supply or as we move towards more oil discipline gas markets can calibrate with it |
| We don't -- we could run the gas price at zero in the Permian and still make great returns on oil wells |
| I know when you announced the Endeavor deal; I think you said that you weren't going to sell anything, obviously, until the deal closes, which makes plenty of prudent sense |
| So I think it's just conservatism |
| Apologies I was on mute |
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