On February 7th, 2022 PED announced the completed acquisition of new well interests in the D-J Basin. The ten recently completed wells had average gross production of 661 barrels of oil equivalent per day (BOEPD) per well (85% oil) for the month of January 2022. Total 14 wells. Say potentially 8,210 Boe/d @ assumed average 5% interest..
715 Boe/d 800 Boe/d *Potentially higher based on lateral well length... 410 Boe/D *New working interests 1925 Boe/d @ $100 oil