JAG - Jagged Peak's New 3D Seismic Data Technology Will Boost Production
Jagged Peak (JAG) grew daily production by 25% last quarter but has yet to play catchup with the rest of the E&P industry. The stock is up about 40% from the lows, while peers like Whiting Petroleum (WLL) are up over 100% from their 2016 crash lows. Margins increased to $37.71 from $34.39 (EBITDA), and drilling times improved.
Source: Jagged Peak Energy
JAG even set a record last quarter with first spud to total depth time on wells, averaging approximately 1,100 feet per day. On top of this, completion efficiencies grew