Exploration & Production | Capital Markets | Capital Expenditure
Argent Energy Trust Outlines Eagle Ford-Focused 2014 Budget
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Argent Energy Trust has detailed its 2014 budget, including forecast capital program and production guidance for 2014.
2014 Capital BudgetArgent's Board of Directors has approved a capital drilling budget of US$45 million for 2014, focused on the continued drilling and development of Argent's successful Eagle Ford program. Any additional capital requirements for 2014 will be assessed in conjunction with management's technical review of additional opportunities from recent acquisitions or potential joint venture opportunities, and will be disclosed in due course.
Production and Operational GuidanceCurrent 30-day average production is approximately 7,100 boe per day. Argent is forecasting a 2014 average production rate between 7,000 to 7,200 boe per day (69% oil, 5% NGL, and 26% natural…
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