Kavern Production for Feb estimate (OBE)I normally do all the cardium players but when I ran it last the only company that had material production growth from Jan to Feb looked to be OBE.
I have OBE growing by 1400 BOE from Jan to Feb.
Majority on oil side.
Here it is with my Jan estimates beside for comparision sake:
| | Jan | Feb |
| Obsidian Well Count | 1274 | 1278 |
| Top Ten Wells (Barrels of oil added up for top 10) | 2511 | 3128 |
| Average Oil Production (Bo per day) | 16473 | 17653 |
| NG | 12008 | 12209 |
| NGL's | 2442 | 2465 |
| Adjust Factor | -1500 | -1500 |
| Total Production (BOE per day) | 29423 | 30827 |
I think my margin of error is +- 300 BOE so I put
Feb at 30,500 - 31,000 boe per day.
I do believe they are running ahead of guidance for Feb.
Very good for sure.
The key thing driving things is f*ckin PROP.
4 wells are doing phenomenal.
OBE top ten oil wells for Feb
| 567.9731 |
| 438.2155 |
| 428.1529 |
| 350.1007 |
| 336.085 |
| 255.023 |
| 208.7757 |
| 189.5265 |
| 187.9992 |
| 166.2569 |
The top 4 wells on list are PROP and so is number 9 spot.
The 255 and 208 well on list are Bigoray.
Rest of wells would be in willy.
Pretty solid top 10 oil well list.
OBE management team knocked it out of the park with PROP.
Willy is performing well as expected but PROP has to be above forecast.
The good gas well from fall is still over 750 BOE :)....in feb.
Chhers all