RE:RE:Current decline rateSomething else I found. "I spoke with management and asked about the falling liquids mix and other things. Basically, when they bring on a new well the oil declines at a faster rate than natural gas. To me this basically is saying the oil is front loaded. You have to keep drilling to keep the oil/liquids mix higher." "Indeed, their liquids production is front-loaded. It's very clear on the top-left graph in slide 13 of their latest presentation."
https://www.yangarra.ca/documents/YGR-CorporatePresentation.pdf See page 14. It shows 39% 1st year decline, but in the first 9 months oil goes from 300 bbl/d t o 100 bbl/d. NGL peaks at 100 bbl/d at 9 months and is at about 50 bbl/d at 20 months. Most of the oil/NGL is produced within 30 months with just negligible production after that point.
They're still growing decently. Q1 at 12,000 boe/d and Q2 and 13,000 boe/d. 47% liquids in Q2 vs 52% in Q1.
The presentation says:
"
Market continues to underestimate Yangarra’s ability to deliver results"