Q2 prices and reasons to cheer up on a rough dayLook at the Q2 average prices OBE got that they put in a press release today:
Average sales price | | | | | | | | | | | | |
Light oil ($/bbl) | | 139.88 | | | 76.97 | | | 129.49 | | | 72.37 | |
Heavy oil ($/bbl) | | 106.18 | | | 48.58 | | | 95.88 | | | 44.46 | |
NGL ($/bbl) | | 82.93 | | | 39.31 | | | 75.51 | | | 38.77 | |
Natural gas ($/mcf) | | 7.38 | | | 3.21 |
Pretty nice prices YGR should have got. I have modeled April and May production...we know ballpark range of Q2 prices.
Ygr Q2 will be stellar.