Spdr S&P Oil & Gas Exploration & Production Etf V.XOP.W

Primary Symbol: XOP

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas exploration and production segment of a U. In seeking to track the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas exploration and production segment of the S&P Total Market Index (S&P TMI).

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Spdr S&P Oil & Gas Exploration & Production Etf > Production decline

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Comment by good40on Jun 29, 2022 12:27pm

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Post# 34790788

RE:RE:Production decline

At the time of acquisition, gross field production was advertized as 1400 bopd, divided amongst partners.
Latest figures showed 1603 bopd for May, a declining trend for each month of 2022. Rather important considering they lost almost $14 million in Q1.

Excluding the cost of the Atomic purchase, they've had capital expenditures of about $25 million, the result of which increased daily production by about 200 bopd, using the latest monthly figure.

Perhaps you can show how the numbers above indicate a workable business plan.

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