North Pouce Coupe - Positive DevelopmentsKelt does spend a significant amount of Capital of Pipe and Batteries.
I think having the batteries in the field, they are right sized, and optimized for the production associated with the area. It means that plants are not getting blasted with super rich liquids and Kelt can better manage it in the field, and bleed a bit of that flush liquids production off the batteries, and better manage the area produciton.
Kelt is planning for more production in their area with increased pipe capacity and a bigger battery.
Kelt has a great production mix and all of their plays pretty wells have liquids, expect maybe those high deliverability wells.
They did have a couple wells (DUCS) up there, both Charlie Lake and Montney.
This will be a growth area for 2024, it is going to be interesting what the buget is going to look like in 2025.
The most recent Charlie Lake well in Wembley, came on with a lot of liquids, the inital production was 78% (OIL and NGL's.) Charlie Lake wells are lower cost than Montney wells.
Kelt is grinding away and you will see quarter after quarter growth for at least the next 4 quarters.
IMHO