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Average Costs BOE
Reveals the cost efficiency per barrel of oil equivalent, crucial for understanding profitability and competitive positioning in the energy market.Rising lease costs are the dominant driver of per‑BOE inflation, with taxes and gathering costs showing more volatility while overhead remains steady—so margin pressure is real unless offset. Management is explicitly targeting those offsets (lower drilling $/ft, longer laterals, completion uplifts and a fifth frac crew) and is prioritizing capital efficiency and debt paydown, but watch Waha differentials and potential service inflation: they could undo efficiency gains and re‑inflate unit costs despite stronger production and cash flow.
Date | Leases | Production and Ad Valorem Taxes | Gathering and Transportation | Administrative |
|---|---|---|---|---|
Jun 30, 2026 | $5.96 | $3.26 | $1.22 | $0.52 |
Mar 31, 2026 | $6.21 | $3.04 | $1.36 | $0.65 |
Dec 31, 2025 | $5.91 | $2.21 | $1.54 | $0.65 |
Sep 30, 2025 | $5.65 | $2.44 | $1.41 | $0.55 |
Jun 30, 2025 | $5.26 | $2.56 | $1.73 | $0.55 |
Mar 31, 2025 | $5.33 | $2.98 | $1.45 | $0.72 |
Dec 31, 2024 | $5.67 | $2.77 | $1.17 | $0.69 |
Sep 30, 2024 | $6.01 | $2.91 | $1.94 | $0.63 |
Jun 30, 2024 | $5.88 | $3.26 | $1.90 | $0.63 |
Mar 31, 2024 | $6.08 | $2.84 | $1.84 | $0.76 |