Production Rates | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
Razor Energy Announces 2018 Budget; Plans 8 Montney Wells
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Razor Energy's Board of Directors recently approved an acquisition, development, and operations budget of $38.4 million for 2018.
2018 BUDGET
Capital expenditures are expected to be allocated as follows:
| Kaybob area drilling | $12.8 million |
| Reactivations, workovers and stimulations | $8.2 million |
| Other (natural gas power, oilfield IT, other) | $8.6 million |
| Land and other acquisitions | $5.9 million |
| End of life expenditures | $2.9 million |
The development drilling program includes eight deviated wells targeting the oil prone Montney formation within the Company’s recently consolidated prolific Kaybob South Triassic A Pool.
With this budget, the company anticipates an exit production rate of 5,400 boe/d after 2018. Broken down, the company expects light oil production of 3,573 bbld/d, NGL production of 836 bbls/d, and natural gas production of 3,546 mcf/d.
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Capital Expenditure - 2018
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