Dont get...One of the things I don't understand is why Petrus would spend 35% of their toned down capital budget in 2023 on infrastructure...IE 15-20m on a pipeline from north ferrier to main gas plant..
15m -20m on a pipeline when Petrus only has 31 sections in North Ferrier?? really lol?
Has to be more here that we dont know.
And Petrus doesnt own all 31 sections 100%. Wouldnt Petrus need to drill 15-30 wells over next 2 years to justify this inevstment?
YGR is much bigger in North Ferrier in both land and current production.
Doesnt pass my smell test...has to be more to story.
if petrus and YGR ever merged probably more than gas plant space for synergies but also YGR could fill their cheddarville gas plant more with current petrus wells near there and send even more north ferrier gas to ferrier.