Came across this on Twitter last night. Technology, optimism, and progress abound.
Companies that constructed pad sites designed for one to three wells have been expanding their existing drill pads to add six to 10 more.
This shows that they have seen good production on their existing wells. By drilling more wells in the same leaseholds, they aim to hit different intervals to get all the production they can out of a specific location.
Over the next couple of years, TPL is likely to be more aggressive in looking for acquisitions on the minerals side.