Clearwater
did anyone listen to the Baytex conference call. Lots of details on the Clearwater in there. Too bad they screwed up so badly with an idiotic hedging strategy.
They are nailing a lot of great wells very close to OBE and using a pretty simple tweak on the multilaterals - fewer but longer. Seems like it would be more efficient?
a few callers tried to pin them down on how much they want to grow the production. 15k barrels sounds like a no brainer for the company in a short period of time. It sounded to me like they wanted to grow that asset to 25k per day of production.
It is a matter of time before they start selling other assets and redeploying capital into Clearwater and Bluesky projects. The cost, recycle rate and payback period are so stupidly good at these commodity prices there is too much opportunity to ignore.
really looking forward to any updates OBE can provide.