RE:RE:Profitably Grows Reserves in 2021 Depletion plus new production levels.
So if you deplete 25,000 boe/d then 15,000 added. or 30,000 deplete then 10,000 added.
The more new wells you drill the higher the depletion rates.
The largest concern for most with Peyto are the hedges and paying down debt. If they can pay down $200 million to $300 million a year that would be fine with most.
At current prices you can't ask for more but anything is a bonus, but for how long.
The U.S. rig count is rising and drilling full out down there because they know no bounds and
will put prices into the ground again.