RE:RE:So many good companies at great prices right now The Clearwater is really just a phenomenal reservoir plus the lack of fracking is so much cheaper. TVE has one well that produced 180,000 barrels and is still at 400 b/d on water flood. A crazy return.
the one thing almost unique to BNE today is that they use an older style of drilling that is cheaper per well. Most companies have moved on to ERH and pad drilling. Sometimes right sizing the tech is more efficient - particularly in areas with a lot of well bores. They don't need to have big producers for an economic return. A lower Corporate decline also helps.
i wonder who will wind up with the TVE cardium land.