RE:Kelt has many things material happening....Nope no dry gas shutin here.
Canadian natural gas prices slumped to their lowest level in more than two years on Monday and are expected to remain under pressure for weeks, as storage levels in Alberta reach full capacity due to weak demand across North America.
Next-day gas prices at the AECO hub in Alberta fell to 5 Canadian cents per million British thermal units (mmBtu), their lowest level since August 2022
Currently Kelt has the most base gas processing it has had for quite some time (Maybe a Year) Brilliant. How much is that costing? Talk about evaporating capital off the balance sheet.
MyHoneyPot wrote:
Base Processing Restored (Wembley/Pipestone)
Kelt for a significant amount of time, had impaired gas processing at Wembley/Pipestone. Currently Kelt has the most base gas processing it has had for quite some time (Maybe a Year)
Pad Results (Wembley/Pipestone)
2024 Development Program: 14-2 pad → 6 wells 14-9 pad → 5 wells 14-26 → 3 wells
14-2 pad → 6 wells
Kelt has never had a six well production, it will be exciting to see the economics at Wembley/Pipestone for the drilling costs for a 6 well pad, and pad production volumes.
14-9 pad → 5 wells
Kelt has never had a six well production, it will be exciting to see the economics at Wembley/Pipestone for the drilling costs for a 6 well pad, and pad production volumes.
North Pouce Coupe Battery
The completion of Charlie Lake DUCS and additional Charlie Lake production.
Spirit River Charlie Lake
There are six Charlie Lake wells coming on stream between now and year end.
CVS Albright Gas Plant
This plant should start up in the 4th quarter adding 50 MMcf of process and associated liquids.
Here are a few events, anyone on its own does have a major impact on production and economics of production.
Kelt is off to the races.
No dry gas shutin here.
Best oil weighted montney play in Canada.
MHP
IMHO