RE:I like Kelts OpportunitiesOak especially is early days. In early results from there, one well was showing 52% oils and NGLs and another 22%.
A significant % of Kelt prodn is very gassy - 1500 boepd from some legacy asset + another ?K from Pouce Coupe West gas play plus early Oak results could be more gassy than later. My hope and expectation based on plays Kelt will become closer to 50/50 and therefore be considered an AGP (associated gas producer).
It seems IMO that we are seeing the beginning of a demarc between gassy - TOU, BIR, PEY, AAV, - and AGP producers. For AGP, theyre going to produce gas regardless of course because the money is in oil and conde so the gassy producers will need to become the swing producers if NG prices are to be more stable as the % of LNG (most of which I suspect will be under contract) increases. Amateur hour lol.