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Cleveland-Focused Operator Spending 150% More in 2017; $275MM
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Jones Energy provided its 2016 year-end reserves, an operations update and its initial 2017 capital budget and guidance.
2017 Guidance 2017 capex of $275 million (up +150% from $110 million in 2016) 2017 average daily production of 20,700 to 23,000 Boe per dayPlans for The Merge Property
Increasing the rig count to three rigs (up from one): plans to deploy a second rig in July and a third likely to follow by the end of 2017. expects to drill 26 gross (17 net) wells in the Merge during the year.Plans for Cleveland Property
Maintain 3 rigs in the Cleveland expects to drill 56 gross (45 net) wells in 2017 2017 Capital Budget and Operating PlanThe Company has established an initial capital budget of $275 million for 2017, comprised of $232 million drilling and completion…
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More Capital Expenditure - 2017 News
Legacy Reserves Spends 1250% More YOY; Expects Oil Output to Grow 46.6% in 2018
Legacy Reserves reported its Q3 results and discussed its preliminary 2018 production and capital plans. Highlights include: Reported average daily production of 45,891 boe/d, an increase of about…
Gear Spends $10.5MM in Q3, Up 49.5% YoY
Gear Energy reported its Q3 results. Highlights include: Capital expenditures were $10.5 million in Q3, an increase of 49.5% from capital expenditures of $7.03 million in Q3 2016…
Cenovous Chops $100MM from 2017 Capex After Q3 Loss
Cenovus reported its Q3 2017 results. Highlights: Increased third quarter cash from operating activities and adjusted funds flow by 91% and 133% respectively, compared with the same period…
Kelt Expects 86.2% CapEx Growth from 2017 to 2018
[Summar: Kelt Exploration reported its Q3 results where it also discussed preliminary plans for 2018. Highlights include: Production for Q3 was 22,510 boe/d and expects to exit 2017…
Murphy Increases 2017 Capex by $50MM; Brought Online 27 Eagle Ford Wells
[Summary: Murphy Oil released its Q3 results and highlights include: North American on shore production was 86 mboe/d Increased its FY 2017 capex guidance $50 million to $940…
Mid-Continent - Anadarko Basin News
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