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Athabasca IDs $140MM Capex for 2018; Montney, Duvernay Ops Detailed
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Athabasca Oil reported its 2018 capital budget. Highlights include:
2018 Capex: $140 million
Light Oil Montney / Duvernay: $70 million Thermal Oil: $70 millionProduction Guidance: 38,500 – 41,000 boe/d (87% liquids) (up +11% from 2017)
Montney / Duvernay Plans:Montney - $40 million:
Planned activity includes completing a six well development pad and drilling six infill wells in Q1 2018. The Montney budget is $40 million net and predominately weighted to the first half. Activity levels will be reassessed mid-year and the asset is positioned for scalable growth with commodity price support.Duvernay JV - $30 million net ($357 million gross)
2018 joint venture plans are expected to include rig releasing 24 wells, completion operations on 27 wells and placing approximately 24 wells…- ✓ Full news archive — U.S., Canada & international coverage
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