Again you have no idea..
They will be selling a big chunk of the existing DSU's because they will not be drilling the 20 wells. Drilling the 20 wells is not their plan. 4 wells per year for 5 years is what BRK would do if they decided to develop themselves ( which they won't).
Selling the DSU's ( all or part) once they are HBP is the BRK plan. They will sell to parties that can drill and produce those acres faster / more efficiently than BRK as they have deeper pockets an their business model is production.
CLR, Ovintiv , Marathon etc could develop the DSU's with 2 rigs batch drilling , batch completing them and have it done in 18 months if they wanted to. This will be cheaper per well because of longer dated rig leasing day rates and saving $250 k per well ( mobilisation/ demob) because they can drill 6 wells off the same pad so inly need to pay 1 x mob/ demob rates. Bringing the production forward significantly this way increases NPV of the projects for these larger companies because NPV is derived from the discounted cashflow model, and accelerating production brings forward cashflow which increases NPV.
BRK want new DSU's to drill them to HBP to revalue to monetise.
It's like banging ones head against a brick wall with you blokes who think you know when you actually don't.... but that is OK because it all helps others understand.
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