Rig Count | Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2017 | Private Equity Activity | Drilling Contractor
Delaware/Permian Basin E&P Ups 2017 Capex 170% YOY; $555-605MM, Up to Six Rigs
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Jagged Peak has detailed its 2017 guidance.
2017 Guidance Highlights: Average daily production of 17,000 to 19,000 Boe/d for 2017, an increase of 203% to 238% compared to 2016 2017 exit rate (fourth quarter 2017) of 26,000 to 28,000 Boe/d, an increase of 304% to 335% compared to fourth quarter 2016 Capital expenditures for oil and gas activities of $555 to $605 million (up 170% from $215MM in 2016) Capex breakdown: $510 to $550 million for drilling and completion expenditures, $15 to $20 million for the construction of water infrastructure assets and $30 to $35 million estimated for leasehold additionsJagged Peak's 2017 guidance is based on developing its acreage position generally on a five to six-rig program for 2017. The Company began the year operating three drilling rigs, is…
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More Capital Expenditure - 2017 News
Legacy Reserves Spends 1250% More YOY; Expects Oil Output to Grow 46.6% in 2018
Legacy Reserves reported its Q3 results and discussed its preliminary 2018 production and capital plans. Highlights include: Reported average daily production of 45,891 boe/d, an increase of about…
Gear Spends $10.5MM in Q3, Up 49.5% YoY
Gear Energy reported its Q3 results. Highlights include: Capital expenditures were $10.5 million in Q3, an increase of 49.5% from capital expenditures of $7.03 million in Q3 2016…
Cenovous Chops $100MM from 2017 Capex After Q3 Loss
Cenovus reported its Q3 2017 results. Highlights: Increased third quarter cash from operating activities and adjusted funds flow by 91% and 133% respectively, compared with the same period…
Kelt Expects 86.2% CapEx Growth from 2017 to 2018
[Summar: Kelt Exploration reported its Q3 results where it also discussed preliminary plans for 2018. Highlights include: Production for Q3 was 22,510 boe/d and expects to exit 2017…
Murphy Increases 2017 Capex by $50MM; Brought Online 27 Eagle Ford Wells
[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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