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  "documentTitle": "Pioneer Natural Resources (PXD)",
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  "authorName": "David Einhorn",
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  "presentationDate": "2015-05-04 00:00:00",
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      "text": "Management and bullish sell-side analysts like to tout the so-called “well economics” which show great IRRs. Here’s one from an April analyst model.",
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      "text": "Oil strip $85; Gas strip $4.50; Capex / BOE -13; Opex / BOE -10; Production tax 2%; SG&A / other n/a; Well life 30 yr.; IRR 30.7%; Value creation per $ spent $0.74",
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