Well Lateral Length | Key Wells | IP Rates-30-Day | IP Rates-24 Hour | Initial Production Rates | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Activity | Capital Expenditure - 2018
Contango Keeping Spending Flat in 2018; Talks Latest IPs, First Wolfcamp B Test
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Contango has reported its 2018 outlook.
2018 Plan- 2018 Capex: $52 million - flat from 2017 (all allocated to Southern Delaware drilling program)
- Well Plans: Spud / Complete 8-9 wells
Completions will still be approximately 10,000' laterals and will involve 2,250 to 2,500 pounds per lateral foot of proppant Currently have planned four Wolfcamp A wells, two Wolfcamp B wells, and three Bone Springs wells to be spud in 2018The company noted that it will continue to monitor commodity prices and service/supply costs during the year, and if deemed appropriate, may make adjustments to our drilling strategy for the remainder of the year. Additional capital may be allocated to the Georgetown development.
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