Decline rates....Some posters may wonder why I focus on decline rates for YGR, BNE and IPO and I don't touch on the subject for Obsidian.
Decline rates for OBE are a big deal to me. Thought about it in many ways for OBE. Not ignoring it at all.
And decline matter even more when you small.
I think for first 2 Q's of 2022..OBE needs 6 wells a Q to maintain and 12 wells to grow when at 30000BOE level.
And going forward....8 wells tied per Q is likely needs to maintain over 30,000 BOE....talking Q3 2022 and on.
OBE is going to likely need 8 wells a Q to maintinain.
Baked reality.
We will have the ability to adjust with size to manage declien rates.