Post by
JohnJBond on Feb 28, 2024 12:17pm
Today's News Release
This morning OBE announced its current production is
"Development activity has increased current production to over 36,500 boe/d (based on field estimates)" Feb 28/24
OBE is on a 32,250 to 50,000 boe, 3 year journey (growing 17,750 boe).
Today they announced they are 4,250 boe along the way. That is 24% of the way there in the first few months. 1/4 of the way, in just a few months.
Its pretty hard to say the train hasn't left the station, when its already 1/4 of the way to its destination!
Comment by
alkhor on Feb 28, 2024 12:52pm
Remember depending on location drilling can only be done at certain times of the year. We are coming up to break-up so activity will slow for the next couple of months.
Comment by
kavern23 on Mar 06, 2024 10:30am
Alkhor...break up is less of a thing on drilling as for example our in Dawson Clearwater, if wants it can drill 4-6 more wells from same pad and go in different directions. pad drilling has really changed things. with trans mountain opening I would think most companies up in Clearwater will hammer pads over spring break.