RE:Capex worriersIf Clearwater 1000 BOE wells are paying back in weeks decline rate is just something to enhance even more profit from them. From what I understand these are the most profitable wells in Canada by far particularly with the new well results. So with oil prices above $100 these are the wells to focus on now.
I first became aware of the economics of Clearwater from the Surge Presentation which had a chart from Raymond James showing at $50WTI Clearwater wells had a 2X payout in about 10 months. So at $100 WTI and even better well results they are likely paying in a month.
See page 10 of the surge report.
A Differentiated Oil Company Driving Sustainable Growth (surgeenergy.ca)