4min chapter

Value Hive Podcast cover image

Shubham Garg: Small-Cap E&Ps & Launching White Tundra Petroleum

Value Hive Podcast

CHAPTER

How Much Does It Cost to Replace Reserves?

Is there anywhere in the financial statements where management will say like, hey, this is how much it's going to cost us to replace these reserves at our given decline rate? Yes. Reserves in my opinion are almost always understated. Some companies have really good fields that they don't need to spend that much capital to make up for that decline rate. And then as far as what do they spend on making up for the reserves? Basically, we want to look at the F&D cost of each barrel that they're adding to reserves and then also the recycle ratio.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode