RE:RE:RE:RE:Eagle Ford presentation updated...Good morning Red2000 The following is a copy and paste of the email that I sent to investor@baytexenergy.com
Dear Mr. Ector.
I am writing you to find out more about the technical details on how bte plans to reduce the operating costs at Eagle Ford. Bte has mentioned a targeted reduction of 8% per lateral foot.
I note that bte has had great success experimenting with inhibitive drilling and completion fluids at Clearwater. Is this part of your strategy at Eagle Ford?
Also I've read that both Exxon and Chevron are utilizing AI technology which I guess is really helping them design well spacing and frac strategies. IS bte also using AI? If yes, then are you seeing positive results?
Thank you for any information that you feel is appropriate to provide. I do understand that some of what I'm asking for may be proprietory. Btw, someone on the StockHouse bullboard suggested that I contact you and to share, on the bullboard, your response.
It seems that if Brent and wti don't move up appreciably in price then the only way to increase income is to produce more and/or reduce operating (break even) costs per barrel. The entire oil patch seems to be innovating new ways to reduce break even costs. Some of us small retail investors are curious as to what approaches bte is developing. Thank you very much for any information.