RE:RE:RE:RE:RE:RE:YGR/PNE Rex the half a billion in drilling spent is killing it if they have another 10-20 years of steady production.
If ygr can get a well to last 15 years it is doing well.
But for example, cardium Bne has some wells that have produced for decades and some of them will get shut in and capped each year.
it's the down points of a commodity cycle that push borderline economic wells into shut in and usually perm. Oil is high so some of the high water cut and really old wells are just economic enough to roll.
But if a company has a remote old dry gas well right now...doesn't make sense to fix the well and send a techician out. One of reasons I am so bearish on Pne assets.
ygr can weather this storm with oil wells they drilled and ygr wells are all on pads and cheap to operate and steady producing