Discontinued — last reported Q4 '20
Business Segments · Lease operating expenses
Upstream — Lease operating expenses
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2018
Last reportedQ4 2020
Rolls up toOccupancy and equipment
How to read this metric
An increase in lease operating expenses per unit of production may signal rising operational inefficiencies, aging infrastructure, or inflationary pressures on field services, while a decrease suggests improved operational leverage or cost-saving initiatives.
Detailed definition
Lease operating expenses represent the direct costs incurred to operate and maintain oil and gas wells and related equip...
Peer comparison
Peers in the Permian Basin typically report this as 'LOE' or 'Lease Operating Expenses' on a per-barrel-of-oil-equivalent basis, allowing for direct benchmarking of field-level cost structures.
Metric ID:
fang_segment_upstream_lease_operating_expensesSimilar Metrics at Other Companies
Frequently Asked Questions
- What does upstream — lease operating expenses mean?
- The direct costs required to operate and maintain oil and gas wells to keep them producing.