Debt and decline ratesIt would be nice to both increase production and decrease debt.
Are companies trying to mitigate declines by deferring completions till better pricing comes along due to the huge early stage production levels and not have too many new wells come on stream all at once only to have production decline and then have to make it up again.
We all know they are no where as bad as US shale wells but it is a treadmill that needs to be managed.
Peyto said a few months ago or so, that one rig multi pad platform was able to drill enough to make up for most of the delines presently. However, if you start drilling a whole bunch of new wells then you will need more than one rig to do this down the road.
I don't have all the answers. Someone must know the most feasible stats on all of this.