Jagged Peak Energy Breakout Notes

Joseph N. Jaggers, chairman, president, and CEO of Jagged Peak Energy, Inc., (ticker: JAG) presented today at EnerCom’s The Oil & Gas Conference® 22.

Jagged Peak Energy, headquartered in Denver, CO, is a Permian basin pure-play producer. Within its Permian asset, the company is looking to build production in three fields, the Cochise, Whiskey River, and Big Tex.

During its second quarter, Jagged Peak averaged 14,614 BOEPD—81% of which was oil production. The company’s production was 50% higher than in Q1, 2017, and 166% higher than in Q2, 2017. Jagged drilled 13 gross wells during its second quarter, and put 14 on production. The company’s first Second Bone Spring well reached production levels of approximately 180 BOEPD per 1,000 feet of lateral length. During the quarter the company spent approximately $148.9 million on drilling and completion activities.

During the company’s breakout session, management was asked the following questions:

  • In what way is the water cut helping the company?
  • What are the GORs based on?
  • Why would a well be shocked if it’s in the middle of the basin?
  • Would the company be able to expand the leases?
  • Is the company seeking other shale opportunities to explore?
  • What could be added to the test well that will be drilled in the near future?
  • What expected deviations could be encounter on the type curves?
  • Based on type curves, how is Wolfcamp doing so far?
  • In producing wells, what is their bubble point pressure?
  • What is the forecasted evaluation for the stock market?
  • What is the current well cost for the Wolfcamp area?
  • Are there any issues with owners in that area?

Jagged Peak presented at EnerCom’s 2017 The Oil & Gas Conference®.

You can listen to the company’s presentation by clicking here.

You can view the company’s Q2 update by clicking here.

Legal Notice