GREY:LSTMF - Post by User
Comment by
nachochipon May 10, 2011 3:33pm
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Post# 18555671
Edmonton Par Price versus WTI
Edmonton Par Price versus WTIWhat greatly hurt PBN (beyond delays) was the discount on Edmonton Par crude price verus WTI price....this was also a huge factor.....I think Edmonton Par was 88 buck average in Q1 (pbn gets a 6% less than this for most of there oil)....starting in March and into April...Edmonton Par was between 100 and 110 bucks...this will help in Q2 offset some of the production delays.
Whether you are Penwest or CPG or PBN....it is plain to see that these expensive horizontal frac wells need close to 100 buck oil price received in order to really prosper.....