RE:President's Report for August 2022Not a great week.
But PEY will have it as first priority and move along. DG will advise us when this is all fixed I am sure.
How much downtime will there be this August? If they have more than enough maybe PEY won't be affected due to work required usually each August.
One question, if they turn around a new well, pay off within a year is it attributable to CAPEX or just to cashflow, reused and rinse and repeat not affecting CAPEX longer term?
Not sure of that teminology, Short-term costs?
By fall I am expecting 110,000 boepd at some point.
One caveat for all firms, the more new wells you drill the more depletion on average???
However, can this be alleviated by actually increasing the production of each new well as they have done in the last three years or so due to technology???
Treadmill of sorts. The higher your initial production the higher your declines??
However, paying off a well under a year is definitely good returns.
Actually I was afraid DG was going to say the bottlenecks were getting the NG out of Alberta?
Anyone know what the spare capacity is for NG, are we at any risk of being restricted in the next year or two before the BC LNG starts up? When 2025, 2026? or later???
It seems we are always anticipating the future and by the time it arrives we are all weary from the past.
I also wonder if the Cascades plant will free up some of this bottlenecking as the gas only requires a very short distance to flow to it thus taking off pressure in other areas?? right?
We should have all known that oil would drop to a degree and could by a lot more soon, but will it stay down during winter if some NG or Coal usage moves to Oil because prices are lower?
A lot of questions. I am hanging on. Fingernails are getting thin.