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Delaware Basin Operator Ups Spending +68% for 2018
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Centennial reported its Q4 2017 results as well as its 2018 outlook.
2018 Plans- 2018 Capex: $885-1,050 million (up +68% from the midpoint of $580 for 2017)
- 2018 Production: 55,000-63,500 BOEPD
- Drilling Plans: Drill 80-95 gross wells / Complete 75-85 gross wells
- Seven rigs running
During 2018, Centennial expects to operate six of its seven rigs in Reeves County, where it will spend approximately 85% of the total operated D&C capital budget. Centennial will focus its Reeves County activity in the Upper Wolfcamp A zone following successful results from its 2017 capital program, with plans to develop additional…- ✓ Full news archive — U.S., Canada & international coverage
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