RE:GXE: 27% Decline rate, Poor results in 2018 (87 boepd/well)also..... I would add, again you are in error in quoting CJ decline rate. You are confused, or unaware of what you speak. The 10% decline rate CJ refers to is the 'base decline rate'... this is different from what companies refer to as their corporate decline rate... or simply the decline rate. The 10% base decline is talking of the older wells that are off flush production rates with their much higher decline rates. So the base decline is not the companies overall rate, no... it ain't.... cj would have more of a 25% decline rate overall... the base decline being the more stabalized long term decline... AFTER the faster decline rate of new wells producing flush flow rates.
Again, look at surge... they are more than happy to say they have a good decline rate of 23%... or TVE, or whitecap... look into other oil producers and you will learn that indeed GXE has a good decline rate... what happens to set them apart is they do not operate in the areas that produce BIG flush numbers like 500, or 1000 boepd... those wells then decline 75% in the first year! but they will not include that decline in their base rate... no they will wait that first year and then as the wells stabalize at more modest 100-200 bopd or whatever... that is the point where they start the clock on their base decline rate.... those wells will decline HUGE in year 1... then some flatten out to that 20% rate for the next year and then maybe 10% after that... GXE on the other hand does not have those big producer in its inventory. GXE has wells that come on under 100 bopd for the most part, they also show the biggest decline in year one and then flatten out... be it at much smaller numbers than say a Cardium well, or a Slave Point well or Nisku reef well. what really matters is a combination of things, like payback period and what is left in that well after payout, combined with the EUR of the well and that in reference to the cost of that well. the recycle rate is also of import as is the oil type and value for that barrel... No one number like decline rate tells you enough. nor the flush production rate... cause it could decline so fast, that after payback the well is almost worthless to produce... or the payback is way too long... and then the royalty rates do matter... after payback is the royalty rate taking too much from the value of the well?? so much to look at, that is why investing in the oil bizz is not so easy.
Hope you learn something, at least you might want to do more dd to understand this point for yourself.
Always here to help you out if want to learn more... or I sure can point you where to learn more from.