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 that was a good project, and we have Patterson rigs out there on it and had some good engineers and did a really good job there, getting those wells drilled and completed, and it was a great operation, just while we're at it, go ahead and give a little shout out Patterson and everything they've done through the last couple of decades |
| And I want to just say again, for the record that we have a very high confidence level that they'll be on in the next quarter |
| On a go-forward basis, I think that deal will continue to have really good returns for us going forward into 2024 |
| We're off to a great start so far this year and have a pretty favorable outlook for the rest of the year |
| It went very smoothly and we're delighted by how efficient and how the production and the rock have exceeded expectations |
| And that I think they'll be very successful |
| And these forecasts, they do tend to change, but I agree with Chris, things are going very well, and we have great confidence in the second quarter |
| And so good interest |
| And so I think we're very excited for those |
| We've been very pleased with those results, just as we've always said, those wells would come online with very high oil cuts, and I think we've certainly gotten that at average oil cuts of over 84% |
| And so I think that's a good feel for us |
| The first thing that I'd like to mention is simply that it's been a remarkable year in that production is up, revenues are up lease acreage is up 18%, inventory, of course, is up and our dividends are up |
| We do feel very confident that the issues will be resolved by the end of this quarter, and we'll be -- set ourselves up very nicely for the rest of the year |
| And our land group does a very good job at that, and they continue to add interest and add production that way |
| I think it is a little bit better than even what we were anticipating just as we continue to work through the kind of vague guidance that's out there, but we feel very confident in our current estimation that we won't be subject to the KMP, that alternative minimum tax that you referenced for 2024 |
| We think that the land group has done a great job the last few years doing 200 deals a year and expect they'll continue to do that this year |
| I believe it's 21% growth in about 19 net wells and we're feeling very strong about those results, and I can't wait to get them online soon |
| Yes, we really like the First Bone Spring and the reason we're investing money in that specific interval is simply because the well results have been have been very solid even going back to many years ago with our kind of first tested the first ones bring at Marlin Downey in Eastern Antelope Ridge, we continue to delineate that zone kind of all -- kind of throughout the Northern Delaware Basin and feel very confident in those targets |
| And so it's really, really good acreage |
| And we've had very successful production results from those wells that even though they're U-Turn wells, they performed just like a straight 2-mile-long lateral, very high pressures and IP rates of between 2,100 and 2,400 BoE per day |
| We've been very pleased with the results, not just from those two tracks, but also some of the other properties that we have been drilling in that same area |
| And so they continue to build that brick-by-brick acquisition and add to our production, add to our reserves and do a fantastic job |
| So all around just a great, efficient program and drilling and completion both have been doing a great job |
| Mac is really good |
| And I think that's a lot of what we have to offer a consistent performance with a strong balance sheet with our leverage ratio less than 1, and we intend to continue to keep an eye on the balance sheet because we're shareholders, too, and look for ways to boost the dividend |
| They've continued to add with their technology and their operating systems and techniques and this is another one they were out there with us, had extra people out there to make sure it's a good successful operation |
| And when we come out, we'll have all that detail for you, but it certainly is a matter that's on our mind we think a good opportunity to go along with our other opportunities |
| And so we're expecting some similar numbers, a significant improvement from an operational efficiency standpoint by incorporating Trimul-Frac into the operational portfolio |
| You guided exit rate for 4Q oil was better than we expected |
| I think going through the year, we talked about those 21 wells will come on in the second quarter, and those really do help drive production higher |
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| Scott Hanold Up in the northern part of the Delaware, I mean, midstream constraint has been an industry issue |
| So everybody is working on the problem |
| So it's not a problem |
| And it didn't matter of well productivity |
| I'll just pile on to what Joe was saying in just the temporary nature of these this reduction in production for Q1 |
| In 2023, as you noted, we were down about 1% on our current tax rate |
| It isn't huge |
| While costs are down, including LOE is down, drilling costs are down, G&A is down and the debt is down |
| We have not been down |
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