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Capital Markets | Capital Expenditure | Capital Expenditure - 2018

Legacy Talks 2018 Permian Drilling Plans

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   |    Saturday,November 11,2017

During its 3q17 earnings call, Legacy Reserves provided some guidance on its 2018 development plans and production.

CapEx : ($200 - $225)

 

  Q4 2017E Range   FY 2017E Range   Preliminary
FY 2018E Range
                                               
  ($ in thousands unless otherwise noted)
Production:                      
Oil (Bbls/d) 17,100   - 17,700     13,637   - 13,789     18,800   - 21,400  
Natural gas liquids (Bbls/d) 2,275   - 2,325     2,370   - 2,383     2,025   - 2,300  
Natural gas (MMcf/d) 170.0   - 174.0     171.5   - 172.5     162.5   - 177.5  
Total (Boe/d) 47,708   - 49,025     44,590   - 44,922     47,908   - 53,283  
                       
Lease operating expenses(1)   $ 43,300   -   $ 44,300       $ 174,306   -   $ 175,306       $ 170,000   -   $ 190,000  
Capital expenditures   $ 40,000   -   $ 42,000       $ 181,476   -   $ 183,476       $ 200,000   -   $ 225,000  
Adjusted EBITDA(2)   $ 68,000   -   $ 71,000       $ 211,259   -   $ 214,259       $ 280,000   -   $ 330,000  

(1) Excludes ad valorem and production taxes.
(2) Adjusted EBITDA is a Non-GAAP financial measure. This measure does not include pro forma adjustments permitted under our credit agreements relating to acquired and divested oil or gas properties. A reconciliation of this measure to the nearest comparable GAAP measure is available on our website.



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