Well Lateral Length | Drilling / Well Results | Key Wells | IP Rates-30-Day | Initial Production Rates | Forecast - Production | Capital Markets | Capital Expenditure | Capex Increase | Capital Expenditure - 2018
Abraxas Bumps Up 2018 Capex Over +50% to $140MM; Touts Delaware Well Results
Print
|
Abraxas reported an operational update as well as changes to its 2018 capex.
Capex / Guidance Revisions Abraxas has increased its 2018 capex to $140 million (up +56% from $90 million originally planned). This compares to a 2017 capex of $133 million. The company expects Q1 2018 production guidance of 10,000-11,000 Boepd - in line with its full year 2018 guidance of 10-12 MBOEPD. Delaware Basin Well UpdateCaprito 83-304H
Ward County, Texas - Wolfcamp A2 Zone 4,820 foot lateral IP30 of 1,014 Boepd (781 barrels of oil per day, 1,399 mcf of natural gas per day)Abraxas completed the remaining 17 stages on the Caprito 83-404H, a 4,860 foot lateral targeting the Wolfcamp B zone, following a successful remediation of the well. The Caprito 83-404H averaged 603 Boepd (509 barrels of…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Capex Increase News
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
Capex Plans Jump After 2Q: Nearly 30 E&P Companies Raise 2022 Budgets
In their second quarter reports, a large number of E&P companies made sizable increases to their 2022 capital spending plans. A total of 29 companies increased their 2022…
Riley Exploration Permian Second Quarter 2022 Results; Ups 2022 Capex
Riley Exploration Permian, Inc. reported financial and operating results for the fiscal third quarter ended June 30, 2022. Highlights: Averaged oil production of 8.4 MBbls per day, which…
California Resources Second Quarter 2022 Results
California Resources Corp. reported second quarter 2022 operational and financial results. The company also announced the formation of a joint venture with Brookfield Renewable, creating a carbon management…
Murphy Oil Second Quarter 2022 Results
Murphy Oil Corp. announced its financial and operating results for the second quarter ended June 30, 2022. Murphy reported net income attributable to Murphy of $351 million, or…
Gulf Coast - South Texas News
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…
Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
Murphy’s Eagle Ford Keeps Getting Better
Murphy Oil walked into Q3 2025 with a simple message: operations are clicking again, and the company is delivering production and cost performance that gives them flexibility heading…
Baytex Sells Eagle Ford to Re-Weight the Portfolio to Canada
Baytex Energy has announced a major portfolio shift: the Company is divesting its entire U.S. Eagle Ford position for US$2.305 billion in cash to an undisclosed buyer. The…
Permian - Delaware Basin News
Empire Petroleum First Quarter 2023 Results
Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…
Earthstone Energy, Inc., First Quarter 2023 Results
Earthstone Energy, Inc., announced first quarter 2023 results. Highlights Average daily production of 104,450 Boepd(1), up 194% from Q1 2022 Net income(2) of $86.2 million, and Adjusted Net…
Battalion Oil Corporation First Quarter 2023 Results
Battalion Oil Corporation announced first quarter 2023 results. Highlights Substantial progress on acid gas treating facility as we ramp up gas delivery toward bringing the facility fully online…
PDC Energy, Inc., First Quarter 2023 Results
PDC Energy, Inc., announced first quarter 2023 results. Highlights Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined…
Vitesse Energy, Inc. First Quarter 2023 Results
Vitesse Energy, Inc. announced first quarter 2023 results. Highlights Completed spin-off from Jefferies Financial Group Inc. (the "Spin-Off") and closed the acquisition of Vitesse Oil, LLC on January…