Shot “As of the end of 2018, we’ve spent ~$1 trillion in U.S. oil shale & returned ~$700 billion to the companies in the form of cash flow for a -38% cash-on-cash return ...” Chaser “15 CEOs tracked among oil-producer companies, as a group, collected about $2 billion in pay”https://twitter.com/Matt__Miller/status/1229045598868955137 …
Always wondered why those 60% IRRs on wells never flowed through the financial statements.
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Lots of energy fintwit can get into the details better than me but my understanding is that E&P’s cherry pick the most productive day/hour/15 mins of the well’s life and extrapolate that to come up with those IRRs
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Oh sorry, that wasn’t an earnest Q. Thanks for the insight though.

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