Woodcote and Baytex Clear WaterI obviously give only give a sh*t about Woodcote and Baytex clearwater drilling as it is so close to us in PROP.
Very slow and grindy trying to find wells.
My general impressions:
-Baytex prior Clear Water wells held very well in NOV. Couldnt see anything new on production.
-Side note, Baytex has two duvernary oil wells on confidential status with no hours reported. Both 600-800 barrels of oil per day....pretty nice.
I hate some of Baytex asset base but will follow it more in 2022. I have a lack of prospects in the pool.
-Brings me to Woodcote. in my view they look more interested in future M&A activity and testing the resource they have instead of maxing production right now.
I get this impression on the hours Woodcote wells run (lots of clearwater dont do full 720 hours) and the location spots they picked.
Not development drilling yet.
Woodcote isnt drilling max amount of lateral wells for a reason. 3 lateral well some of them.
Woodcote is gathering information. Whether it is for gov land sales or OBE land or something else.
-The good news is it seems on Woodcotes land...further south they go away from OBE land it get's weaker for them. More north on Woodcotes land near OBE's the stronger.
It shows the slide presentations with the clearwater regional outline are probably correct.
Need a key Baytex well to be done....for further comfirmation but I am excited man.
OBE can find money to drill in Clearwater easy in 2022.