RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kavern - Any update on production of those new wells?Yeah bur Rex, YGR started doing something in 2022 that BNE, OBE, and IPO cant do.
Large pad drilling. IPO and Bne and OBE have to drill 2-3 wells per pad as they are drilling around old wells. Everything YGr is doing in 2022 is doing a pile of well son same lease cause virgin halo ground.
YGR is always going to have this competive advantage, Usually need to be big to do this like Tourmaline who does tis all time.
Petrus and Orelsn are only others with same type of land and I betcha they will do same thing as YGR.
Even with challenges, Jim still grew company by close to 10k through drillbit since 2017.
I agree man on 2021 it was challenges for sure
TheRexmember wrote: Re BNE.
they were producing 14,300 boe/d in Q2 and YTD produced 13,800. Only guided for 13,500 -13,700 average for the year so they are at or above plan.
Yangarra was 10,500 and has guided for about 12,000. They need to exit at about 14,000 to meet guidance. sounds like both will do fine.
The lower decline rate and cheaper wells should insulate Bonterra and they are spending 40 million less to move the debt needle faster.
I would like to know what the issues were at YGR. Did they move Jim aside because the last few years the drilling decisions were cr@p? it seems like they have figured it out again. He was always great on the ops side but it was one thing after another with the actual drilling decisions. Downspacing didn't work, reserves lowered, poor well results in Q3 2021. Did something change Or is it just the drilling locations? Maybe we will get back to 1100 boe/day Chedderville wells next?