Quarterly production for any oil and gas producer is more likely...

Quarterly production for any oil and gas producer is more likely than not to decrease compared to its previous quarter- all else being equal.

Mr Market seems constantly surprised every quarter by natural field decline. Usually production only increases when there has been work done to a field or a new well brought into production. Some projects, but not all, are subject to seasonal demand. Bass Strait and Otway Basin fields gas production is subject to residential demand- increases in winter etc-. WA domestic gas production is mainly for industry and mining and is subject to far less seasonal demand variation.

So, BPT gas production in the ES should increase about now as Victorians bathe and warm their homes. And, to the extent that they produce wet gas then condensate production should also increase somewhat. But all still subject to natural field decline.

From memory, the other factor for BPT is that oil production has been decreasing and this decrease is expected to continue- as a percentage of overall production. It is oil that brings the dollars much more so than gas.

One of the things that attracts me to BPT is that its Otway basin fields are well located as the Bass Strait JV goes off the (production) cliff.

IMHO DYOR