RE:RE:Feb EstimateRex...Entrada doesnt look good and it hasnt for over a year now.
IMO they drilled out their hotspots in 2021/22 and now they are drilling on fringes.
The water cuts are very high on new wells as well. 65% water on a new well is not good.
Entrada has two 2024 wells that will likely be going in March and it is trouble if they dont hit.
Be like Prairie Storm all over when IPO got them
These are top 5 oil wells for Entrada:
| 125.9 |
| 50.1 |
| 47.5 |
| 46.5 |
| 41.1 |
Around 1100 per day on oil, 2250 BOE on ng and whatever on liquids.
That is too small of a company to continue drilling imo as you cant afford any misses being that small.