How many wells will be drilled next year? After watching the last update and looking at the numbers from the new acquisition I am betting there will be a much bigger drilling program in the summer.
the recent 2 mile well configuration is looking great and differentials should be tightening up as we get close to the Transmountain pipeline starting line fill.
with the recent deal, yearly cash flow will go up about 80 cents a share- from 50 cents to about 1.30 in 2023.
doubling the drilling program would leave 30 cents per share in excess cash flow on the balance sheet before adding additional cash flow from the new wells.
tripling the drilling program would leave the balance sheet in roughly the same shape as it would have been before the DNS acquisition, but with a much higher production base and annual cash flow.
the quicker they can get Woodbend to 3000 boe/d the better. LWB will spin a lot of free cash once the asset is optimized.