Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program-Rig Count | Capital Expenditure - 2019
Callon Keeping Drilling Activity Flat for 2019; Expects +31% Production Growth
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Callon Petroleum has detailed its 2019 capital program.
2019 Plans- 2019 Capex: $600-630 million
D&C: $500-525 million- 2019 Production: Exit guidance of 42,500 BOEPD
- Rigs: Decreasing to four rigs by mid-year 2019 (down from six)
- Well Plans: 47-49 net wells put on production
operational capital expenditures to range between $500 and $525 million in 2019, with infrastructure and facilities capital comprising approximately 15% of operational capital. The percentage of operational expenditures allocated to the Delaware Basin is planned to increase to approximately 60% of the total with a transition to larger pad development in our Spur area as the year progresses to capture additional capital efficiencies and optimize development of our multi-zone resource base. Specifically, our…
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