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Appalachian E&P to Run Two Rigs, Complete 54 Net Wells in 2016
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Rice Energy Inc. announced its 2016 capital budget and guidance.
2016 Drilling & Completions Overview: Capital Expenditure: $640 Million (excluding $305 million for midstream operations) Total Wells to Drill: 42 net Total Wells to Complete: 54 net Marcellus Rigs Plan to Operate: 1 Operated Wells to Drill: 25 net Operated Wells to Complete: 27 net Capital Expenditure: $285 Million Utica Rigs Plan to Operate: 1 Operated Wells to Drill: 12 net Operated Wells to Complete: 13 net Non-Op Wells to Drill: 5 net Non-Op Wells to Complete: 14 net Capital Expenditure: $275 million ($175 million operated / $100 million non-operated) Estimated capital investments and financial guidance include: E&P capital budget (including leasehold acquisitions) of $640 million, a 14% reduction from the…- ✓ Full news archive — U.S., Canada & international coverage
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