Release Date: May 01, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Could you discuss the reservoir quality of the Olajuwon well in the Western Haynesville compared to wells drilled to the south, and how much of your position has been delineated following this well result? A: The Olajuwon well, located 24 miles from the nearest well, shows reservoir quality as good as those in the core area. It is a Haynesville well with good thickness, and the logs supported our expectations. This well significantly de-risks a substantial portion of our acreage in the northeast end of our footprint. (Daniel Harrison, COO)
Q: Can you elaborate on the structure and value of the BKV partnership, and is there a scenario where you could offer a lower carbon intensity power solution to a data center or industrial client? A: The partnership with BKV aims to develop carbon capture and sequestration projects, enhancing our location's attractiveness for potential power generation facilities. This aligns with our strategy to offer low carbon footprint solutions, making us an ideal area for data centers. (Roland Burns, CFO)
Q: With the success of the Olajuwon well, when can we expect results from other parts of the position, and where do you plan to step out next? A: We plan to drill a two-well pad near the Olajuwon in Q4, with more wells fanning out across the footprint in 2026. The timing is contingent on midstream build-out to support these locations. (Daniel Harrison, COO)
Q: How many rigs do you envision the Western Haynesville supporting if gas prices cooperate, and is there a strategic approach to growth? A: We aim to prudently develop and de-risk the Western Haynesville, controlling the pace of drilling to match market demand and infrastructure capabilities. Our focus is on maintaining balance sheet strength while meeting power demand growth. (M. Jay Allison, CEO)
Q: Regarding the quarterly shape of your wells turned to sales (TILs), how confident are you in achieving the production ramp-up in the second half of the year? A: The production ramp-up is supported by a combination of the timing of TILs and the mix of wells, with more Western Haynesville wells coming online in the second half. The TIL cadence is weighted towards the latter part of the year. (Unidentified Speaker)
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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