Can anyone explain why Breitburn is pumping/selling so little? You would think that a company in bankruptcy would pump as much as possible to dig themselves out of debt.
It may be that they don’t want to show a high income stream while negotiating with creditors for debt reduction. They also are under court-controlled spending so that may impede their ability to achieve max production.
Not properly managing the lease/production equipment. I was under then in Glasscock, same deal. They have sold out now and horizontal wells are planned. Hang tough.
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