Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2018
Callon Boosts Budget Over 30% for 2018; Details Well Plans, Guidance
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Callon has detailed its 2018 capital plan as well as an operational update.
2018 Plans- 2018 Capex: $500 to $540 million (up +31% at the midpoint from $395 million spent in 2017)
Delaware Basin: $200-216 million (40%) Midland Basin: $300-324 million (60%)- Production: 2018 average daily production of 29.5 to 32.0 MBoe/d (77% oil)
- Well Plans: Spud 47 to 50 net wells and place 43 to 46 net wells on production
- Expects to add fifth rig in Q1 2018 and use two completion crews throughout the year (3 Midland / 2 Delaware)
Development PlansIn the Delaware basin, planned activity is expected to focus primarily on development of the Wolfcamp A.
In the Midland Basin, the drilling program will be primarily underpinned by activity…
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