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Bill Barrett / HighPoint IDs 2018 Niobrara/DJ Basin Budget, Guidance
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After debuting as a result of the Bill Barrett / Fifth Creek merger, HighPoint Resources has unveiled its 2018 capital budget and guidance.
2018 Plans- 2018 Capex: $500-550 million
- 2018 Production: 11-11.5 MMBOE
representing year-over-year growth of approximately 80% from the DJ Basin and year-over-year growth of greater than 40% from Northeast Wattenberg- Three rigs running (2 NE Wattenberg / 1 Hereford project area)
It is anticipated that the drilling program will be adjusted in the third quarter to include two rigs in Hereford and one rig in NE Wattenberg.- Drilling Plans: Drill 120-125 gross XRL wells in 2018.
Two completion crews will be utilized in 2018 and the Company has the flexibility to add a completion crew, as necessary, based on the timing of well…- ✓ Full news archive — U.S., Canada & international coverage
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