RE:PetrusMystery I thought Petrus report was quite bad.
debt is increasing and their revolving is a reserve based faculty reviewed nov 30th and if don't drill lol that isn't a good thing for reserves plus commodity prices.
Petrus needs some belly s for oil.
ygr was much better on capex per well.
prq spent 19.2 for 5,2 wells with 3 of this only 1 mile that are 100 percent prq operated.
ygr fracked and completed 7.7 with some of that carry forward from chambers. But 4 in chambers are 1.5 milers not 1.
and petrus got ygr pricing on 2.2 net.
petrus is spending 4m to do a 1 miler when they do it if not more. That's the problem.
ygr ofs is critical to make drilling viable which links to revserves which is needed to hold debt.