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Delaware Basin E&P Spending ~$440MM in 2017; Adding Fifth Rig
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Matador has detailed its 2017 guidance.
The company will be focusing on the Delaware Basin with minimal spending on its Eagle Ford and Haynesville assets.
- 2017 capex of $426-454 million (up ~40% YOY)
D&C budget of $370-390 million Midstream budget of $56-64 million- Four rigs running in Q1 and a fifth added in Q2
3 rigs at Rustler Breaks 1 rig at Wolf / Jackson Trust 1 rig at Ranger / Arrowhead / Twin Lakes- Production guidance of 12.2 to 12.8 million BOE (up 23% YOY)
Full year 2017 guidance estimates are as follows:
Oil production of 6.7 to 7.0 million barrels, an increase of 34% at the midpoint of 2017 guidance, as compared to 5.1 million barrels produced in 2016; Natural gas production of 33.0 to 35.0 billion cubic feet, an increase of 11% at the…- ✓ Full news archive — U.S., Canada & international coverage
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More Capital Expenditure - 2017 News
Legacy Reserves Spends 1250% More YOY; Expects Oil Output to Grow 46.6% in 2018
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Kelt Expects 86.2% CapEx Growth from 2017 to 2018
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[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…
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