Fundraising | Capital Markets | Drilling Program - Wells | Capital Expenditure - 2017
DJ Basin Operator 2017 Capex Jumps 94% to $300 Million; 80 Wells Planned
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NE Wattenberg operator Bill Barrett today unveiled its 2017 capital and drilling plans. Here is a quick read. Production will be increased +1% while capEx will be more than +94%.
Rig Program : 2 Rigs (2nd rig to be added in Q2-2017) Capital : $270 Million (mid-point of guidance) (up +94 %) Wells Plan To Drill : 73 (gross wells) Production : 17.1 Mboe/d (+1%)Map of Operation
"The 2017 capital program is designed to maintain financial and operational flexibility, while accelerating development in NE Wattenberg. Accordingly, an additional drilling rig will be added during the second quarter of 2017. The capital program will primarily be focused on XRL well development in the DJ Basin with expenditures in the UOP consisting of planned well recompletions during the second quarter of…
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