RE:RE:Kavs April Obe production EstimateI am posting raw numbers that OBE is going from OBE owned batteries and gas plants for oil, ng and ngl. By raw it is without joint venture being taken off...
Ex for April it's 33738 raw minus 2540 adjust factor which is the production we give to whitecap for Pembina jv and other non 100 percent stuff in willy. The adjustment factor should change much as it is low declining wells in Pembina...they dont change much month to month.
So the majority of the 12000 boe on ng minus 10000 boe in q1 is the portion we give to whitecap and other jv stuff. So like 2000 Boe of NG is out of 2540 afjustment factor that obe gives away in jv.
I didnt update the NGL's but it doesnt change numbers much as means adjustment factor had to be higher Jan - March to balance to 29400 total boe as results showed.
Updated below.
| | Jan | Feb | March | April |
| Obsidian Well Count | 1274 | 1278 | 1281 | 1208 |
| Average Oil Production (Bo per day) | 16473 | 17653 | 17823 | 18490 |
| NG | 12008 | 12209 | 12494 | 12998 |
| NGL's | 2355 | 2395 | 2450 | 2549 |
| Total Raw Prod | 30836 | 32257 | 32767 | 34037 |
| Adjust Factor | -2540 | -2540 | -2540 | -2540 |
| Total Production (BOE per day) | 28296 | 29717 | 30227 | 31497 |
JohnJBond wrote: How do reconcille 12,000 ish BOE of NG in Q1 when OBE's Q1 results state they produced 60mmcf/day NG (or about 10,000 BOE)?
They also reported Q1 NGL's of 2432 boe. Your Jan, Feb, March average NGL is 2219 boe. What you think caused the difference?