RE:RE:RE:RE:RE:RE:Baytex..crushin clearwater as well for JanuaryInteresting I didnt realised BTE was using like a preset rig to drill the verticals...smart...and probably why I notice there drill times per well to be faster than most.
I have no idea why people talk about CJ clearwater...dont they have 4 net sections...so ya 16 wells they can do...its kind of a joke but I guess if you want to draw attention from hot play....
Agreed both OBE and BTE have massive land positions, but if they prove up all that seal they have decades of running room at 4 wells per section...that or their production growth is going to explode. I dont have exact data but they both have I believe BTE 560 net sections, OBE 188 net sections (if presentations correct info still), x4 wells per section thats 800 to 2000 wells per company...unless these companies ramp up to 10 rigs each in which u see explosion of growth they have a lot of running room....especially OBE for only 700 millionmarket cap...none of us bought obe for the clearwater or even prop for that matter....it could launch us to next level if management is aggressive drilling in H2 2022 post refinancing.