RE:HammerheadThe thing is Hammerhead is already generating FCF so this addition is accretive right off the start.. adding additional FCF is never a bad thing and with the quality of wells Hammerhead has brought on being similar to CPG's top producers with multi-zone capability, we'll see this play's metrics being fast tracked by the horsepower CPG can bring to the table.. CPG has the cash flow to really set some records in well development going forward IMO..
Those wells, if they come in like previous wells, will boost production quickly with short IRR timelines.. here's a quote from HHRS's Q3 on one of those wells.. outstanding..!!
"The recent 12-well pad at North Karr 10-14 continues to materially exceed performance expectations, establishing an average well IP6010 of 1,408 boe/d (60% liquids)5 and resulting in an estimated pad payout4 of three months"