Current JAG Stock Info

Permian pure-play Jagged Peak Energy (ticker: JAG) holds approximately 70,000 net acres in the prolific basin. Within its Permian acreage, Jagged Peak has identified 1,265 potential drilling locations and—as of September, 2016—estimates its proved reserves value at 32.7 MMBOE.

Jagged Peak Energy: Looking East in the Delaware

Source: Jagged Peak Energy

The company itself launched its initial public offering in January, 2017 and, in its first quarter as a public company, it averaged 9,785 BOEPD with an approximately 85% oil cut. Jagged Peak also spudded 12 gross horizontal wells and completed seven gross horizontal wells in Q1, 2017.  The seven completed wells averaged approximately 1,100 BOEPD during their first 201 days of operation.

Positions in the Delaware

Jagged Peak holds three primary fields in the Southern Delaware: the Cochise, Whiskey River, and Big Tex. The Whiskey River is the largest, with 33,218 net acres, followed by the Big Tex, with 22,009 net acres, and the Cochise, with 13,319 net acres.

Jagged Peak Energy: Looking East in the Delaware

Source: Jagged Peak Energy

Taking steps to grow production

As of the end of Q1, 2017, the company operated six rigs, with intent to maintain five or six rigs through the remainder of 2017. Jagged Peak is in the process of delineating the areal and vertical extent of its acreage, and is gradually moving east in its acreage as strong well results become apparent in the area.

The company has built its guidance such that it expects to complete between 14 and 16 wells in the Q2, 2017. As of June, it had completed seven of the anticipated wells. In Q3, it planned to complete between 13 and 15 wells and in Q4 between 16 and 18 wells.

In line with its growth in completions, Jagged Peak hopes to build production to between 26 and 28 MBOEPD for Q4, 2017.


Jagged Peak is advancing further east in its pursuit of delineating the Wolfcamp play. Two production wells on the eastern edge had a peak rate of 3,579 BOEPD, and a third well is being drilled closer to what Jagged Peak considers the play’s edge.

Jagged Peak Energy is presenting at EnerCom’s The Oil & Gas Conference® 22

Jagged Peak will be a presenting company at the upcoming EnerCom conference in Denver, Colorado—The Oil & Gas Conference® 22.

The conference is EnerCom’s 22nd Denver-based oil and gas focused investor conference, bringing together publicly traded E&Ps and oilfield service and technology companies with institutional investors.  The conference will be at the Denver Downtown Westin Hotel, August 13-17, 2017. To register for The Oil & Gas Conference® 22 please visit the conference website.

Jagged Peak Energy: Looking East in the Delaware

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