Lateral Lengths Peaking

In this report, we have updated our lateral length data, productivity metrics, and multi-well pad data. The key takeaway has been continued growth in lateral lengths, driven by Delaware Basin wells (up 30% y/y). However, continued growth in lateral lengths may be in the final innings as most areas peaked in 2016-2018 and the Delaware Basin starts to hit diminishing returns (IP per foot declining).

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