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liberoiltarian Profile picture
liberoiltarian
@HoustOil
free minds free markets free cash flow
Sep 5, 2019 • 10 tweets • 2 min read
A bit late to this but lets revisit the disaster that is QEP. Going back several years they’ve tried their damnedest to get more oily. Since 2015 they’ve made $1.6B in property acquisitions. (After a $1B Permian buy in 2014). From 2015 thru 2018 they’ve spent ~$4.1B in CAPEX. In 2014 oil production was 47mbopd. Q2 2019 oil production was 57mbopd. A 10mbopd increase after $5.7B in spending. 5.7 billion dollars.