Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Activity | Capital Expenditure - 2018
Cona Cuts Budget -25% for 2018; Talks Q4 Activity, Production
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Cona Resources reported its 2017 results as well as its 2018 outlook.
2018 Plans- 2018 Capex: $44.5 million (down -25% from $60MM spent in 2017)
- Well Plans: Drill 31 gross wells
During the first quarter of 2018, Cona drilled the majority of the wells planned for 2018 including 15 wells at Cactus Lake, 11 wells at Winter and five wells at Court. 2017 Highlights Annual 2017 production of 17,206 boe/d (99% oil) resulted in annual production per share increasing by 8% over 2016 Production per share in the fourth quarter of 2017 increased by 13% as compared to the same period in 2016. Average fourth quarter production of 16,739 boe/d was impacted by severe winds and unusually wet weather early in the quarter. December volumes recovered to an average of 17,060 boe/d, on target for the…- ✓ Full news archive — U.S., Canada & international coverage
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More Capital Expenditure - 2018 News
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Canada News
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