Production costs up 2mm qoq17.4mm in q4
I expected some hit for the cold weater on the wells on a boe basis. That was higher than expected though. Not sure how much was the deferred charges, but that would also have been incurred in q3 at the same rate i would expect. Good news is that company is guiding back to below 16mm for 2018:
"With the completion of the deferred well service and lease maintenance activities, and the enhanced infrastructure in place for 2018 the Company anticipates 2018 annual production costs to be lower than $13.26 per BOE incurred in 2017"
G&A dropped below 2mm which was good.
With the inventory build, and back to over 13k boe in q1, 60+ WTI, i still think we are going to come in over 40 cents +