Clearwater county data - Tip of the Iceberg ! Look at this map from Headwater exploration !
Page 11 : https://headwaterexp.com/wp-content/uploads/2021/11/Oct-21-Investor-Presentation-FINAL.pdf
Some production number of producer in the area of Clearwater county.
Baytex already produce more bbl/d in only 3 months compare to RHE, Crestwind, CNQ !
Already 50% of Tamarack Valley in this area !
More wells coming fast, Baytex increase Capex in Q3 !!! Read below :
2021 Outlook
As a result of our strong operating performance through the first nine months of 2021, we are tightening our production guidance to 79,500 to 80,000 boe/d, up from 79,000 to 80,000 boe/d, previously.
We are intensely focused on maintaining capital discipline. The Clearwater has emerged as one of the most profitable plays in Canada and our 2021 appraisal program has delivered exceptional results. As a result, we will drill four additional Clearwater wells during the fourth quarter which are expected to be on-stream in late 2021. Accordingly, we are tightening our forecast 2021 exploration and development expenditures range to $300 to $315 million, as compared to $285 to $315 million, previously.
At current commodity prices, we expect to deliver over $400 million ($0.71 per basic share) of free cash flow this year, which has accelerated our debt reduction efforts.
THIRD QUARTER HIGHLIGHTS
Exploration and development expenditures were $94.2 million for Q3/2021 and were focused on our Canadian operations where we spent $75.5 million. In Canada, we drilled 19 (18.7 net) heavy oils wells, including 2 (2.0 net) additional appraisal wells in our developing Clearwater play and 26 (25.0 net) light oil wells during Q3/2021 which resulted in production of 48,124 boe/d that increased 919 boe/d from Q2/2021.
Please do your DD, it's your money !