Can’t Sell It? Drill It. Elevation Turns to IOG in the Central Basin Barnett

Let’s dig into Elevation’s Barnett asset in light of the recent IOG JV

Background

The Barnett has gotten a bit of heat the last few years, with Marathon testing it in the Delaware and others testing the Midland, but the OG of Barnett Permian development was Pine Brook-backed Elevation Resources. Steve Pruett and team used this $400 mm initial financing to take down their current position and began proving out the concept.

And it worked.

With news that IOG has partnered with Elevation on a 10-well JV, I thought it was a good time to examine this development in more detail, particularly by looking at well economics using our Well-level AFE Costs and existing public data.

Interactive Version Here

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