Wood Mackenzie recently released interesting technical analysis of Anadarko (APC) and Occidental (OXY) Permian well results, titled "Anadarko Permian acreage: a Prize Worth Fighting For." It highlights a less-discussed aspect of the potential OXY buyout of APC, beyond the financial upside from Anadarko's Western Midstream (WES) and "synergies" of overhead cost savings.
It shows that Occidental has far better well results than Anadarko (the thicker red from wells is indicative of higher well performance):
Despite having similar rock properties:
This raises a broader question: does this mean that