Ygr ability to really do new wells at such a cheap cost is such a saver.
I think for anyone else to do as much ygr did in q1 would need 21m plus or more.
14m to drill and complete is crazy cheap. They must be reusing and repurposing using internal employees, they put their own separators together.
current interest rates must be accounted for by these companies as anyone left in cardium is going incorporate that, all business schools teach same stuff.
Having the internal service division may allow ygr to drill for wells that do 25000 in first 6 months versus 40000 for companies that need to spend 4m plus on a well.
I think the well stimulations is how they are able to keep ng production at a good level. It adds more boe here versus oil but I have seen it add nicely to older well after stimulation. Examples in Willy last year.
January was very cold and ng production was effected a bit.
Ygr increase over q4 would be bigger if not for this.
Drilling in q1 was really solid