Hi y’all,
Why would XTO drill 7-9 wells in Martin county then show them all as “shut in producers” on the Texas RRC Website? Thank you.
frac’ing offsets, just not producing yet, XTO is a bunch of clowns. All sorts of possible answers. Which unit is it?
The Hill 1 wells. Thank you NMoilboy.
Those were drilled 1Q24. They are just sitting there waiting to be frac’d.
Over the past year, for wells XOM completed in Midland Basin (114 wells):
Median spud-to-frac : 304 days Median spud-to-sales : 405 days
Add about 6 months until you get paid, and you are looking at probably getting a DO here around Labor Day 2025 and a check by Thanksgiving.
Maybe.
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Thanks again. Something to look forward to next year sometime.