I think what is being over looked is the well payback. To recap,...

I think what is being over looked is the well payback. To recap, payback is the period of time is takes for the well to payback to the operators the initial capital they invested in the drill.

This is really important because the faster they get their initial investment back the faster they can invest it in additional wells.

For Jewell (at a $70 oil price) the payback was ~ 7 months. This would have reduced somewhat due to the higher energy prices.

For Rangers with its higher predicted production AND higher energy prices I would expect the payback to be somewhat lower.

For BRK who are capital constrained getting their money back fast is fantastic. It means they can accelerate their drill program.

Exciting times