Post by
kavern23 on Jul 24, 2024 10:29pm
Obe
Yeah John it is weird such little posting on Obe.
very interesting company, I mean have 4 rigs going which is a lot for their size.
3 rigs in peace river has such potential to rip production up.
can sweet spot drill in Dawson. Going to be continuous drilling in peace river with a big program.
always upside with drilling.
some of the pembina wells have been quite good as well.
baytex is only running 2 rigs. Obe is big dog in that part of peace river now.
Clearwater is very variable in production rates and Obe just needs to find a pocket that can drill up quickly and can rip 3-5k barrels per day in a few pads of multi wells.
I am not saying Obe will duplicate sweet spot baytex had in peavine but baytex shows it is possible to increase fast on a sweet spot. Rigs are fast now.
Comment by
JohnJBond on Jul 26, 2024 2:54pm
Yes. And OBE's new Woodcote land has Baytex Peavine / OBE Dawson Clearwater at one end, and Clear North's Clearwater at the other end.
Comment by
kavern23 on Jul 26, 2024 8:12pm
They did a good job of getting the wood land instead of letting headwater get it, headwater was a likely bidder. In other land sales at seal it has been headwater as competition. now just wait for results