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Chaparral Ups Spending by +46% for 2018; Talks Q4 Reports
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Chaparral Energy reported its 2018 outlook as well as its Q4 2017 results.
2018 Plans- 2018 Capex: $250-275 million (up +46% at the midpoint from $180 spent in 2017)
D&C: $135 to $155 million Kingfisher Acquisition: $55 million Other: $60-65 million- 2018 Production: 17 to 18 MBoe/d, net of planned non-core asset sales
Q4 2017 Highlights Produced 21 thousand barrels of oil equivalent per day (MBoe/d) for the fourth quarter of 2017, of which 68 percent was liquids Adjusted to exclude production from assets sold in the fourth quarter of 2017, production was approximately 18 MBoe/d, of which 62 percent was liquids Grew STACK production by 39 percent during the fourth quarter of 2017 compared to the fourth quarter of 2016 to approximately 10.4 MBoe/d Increased year-end 2017…- ✓ Full news archive — U.S., Canada & international coverage
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