Oak's Production - will increase 3rd quarter my guessOak being shut in, required the company to communicate about the production from Oak Play area.( Currently 5,000 boe/day 77% gas )
Kelt will be in the positioned to bring on 5 more wells in later on this year. The Oak wells have an IP365 of 628 boe/day 28% liquids. So those five wells will add at lease 3200 boe/day this gas season.
So even if there is as much as a decline of 20%, once these additional wells start up again and produce until the fall, Oak will bring on the wells late in the 3rd quarter. Oak will likely be producing around 7,000- 7500 boe day this gas season.
IMHO