7 well Pad 13 month PayoutGonatgo, I did a quick calculation for the 9-5 seven well pad and using AECO strip price of $2.44 and estimated at $50 for liquids came up with the following:
From slide 11 November 2020 Presentaion
Per Well Sales Gas Rate 4,822 Mcf/day
Per Well NGL Rate 141 Bbls/day
13 months = 395 days
Sales Revenue per well = ((4.822 Mcf x $2.44) + (141Bbls x $50)) x 395 days = $7.43 million
7 Well Total = $7.43 million x 7 = $ 52 million
I am not sure if their sales gas volume is net of royalties or what the royalty rate is?
Assuming a royalty rate of 20% then the per well revenue drops to $5.9 Million per well which means that the $5.7 Million per well would include the completion costs.
If the sales gas volume is net of royalties then the well costs with completion is probably closer to the $ 7.43 Million per well.
Give it a try with both cases and see what you come up with.