RE:RE:RE:RE:RE:RE:RE:RE:After q4 Petrus and YgrRex one of the reasons not seeing much m and a in basin is the opposite...because so little 1000 a day boe - 50000 boe a day companies left.
The incentive to get bigger should be much higher in the 1k-50k boe a day bracket due to cost of a new well in most plays.
The 100k boe a day plus companies can handle 7-10m dollar Montney wells.
If montney was 2-3m per well even would may see more smaller companies existing.
'Clearwater is one area that created a few new companies and they is due to well cost being more reasonable...same in sask little guys drilling 800k wells.
probably would cost Sansum 5m to do a 2 mile cardium well so no drilling happens.
5-7m is what I think she goes for