RE:IP 365 Your math is far too simple.
it does not take into account that production is added throughout the year.
Wells get added and clean up over time,
fracking is done in batches to control costs so production comes on with small delays.
existing wells continue to decline through the year
an IP 365 of 300 doesn't mean they produce 300 boe ON EXIT
wells are taken off line when completing nearby wells
production is lost to freeze offs
delays due to break up
the last reserve report and the lower IP rates are now reflected in the guidance.