Pioneer Natural Resources Co. - PXD


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FLOW NAV

$88.70

Stock Price

$138.31

Implied Oil Price

$77.37
The oil price at which you are underwriting the current stock price based on FLOW NAV model.
$65.00 Oil Scenario
FLOW NAVImplied Value at Stock Price
1st Year PDP Decline Rate - Oil28%
Net Drilling Locations8,448
Locations IRR > 35%2,917NM
Years of Inventory6.6NM
Cost per Well$10.5MM$6.2MM
AVG EUR570K BOE
747K BOE
AVG EUR (absolute) 31% increase
Cash Flow Breakeven4Q 20191Q 2019
External Capital$0$0
Core Activity IRR32%
53%
Minimum Required Wellhead IRR
All in IRR8%19%
Future versions will provide ability to choose custom and generic operator type curves

Drilling Economics

Well head IRR based on FLOW type curve
Total Gross Acres: 736,080
Total Net Acres: 626,720
Net Drilling Locations: 8,448

Company Highlighted Wells

Initial Production
Current Production
DateWell NameIP30 BOEOil Rate/dEUR Oil MBO Oil Rate/dYear 1 DeclineFLOW EUR Oil MBO
2/20/18Shackleford 3421H3,6002,592NA36560%682